AUTOMATE YOUR STRATEGIES
Build trading algorithms and back-test your strategies. OANDA MT4 offers full support for EAs (Expert Advisors), including those that require hedging capabilities.
ABOUT HEDGING ACCOUNTS
POPULAR CHARTING
Trade directly from charts with nine time frames and multiples displays including five candles per week on the GMT +2 server. Scan the market for trading opportunities using over 50 built-in indicators, including OANDA’s MT4 Orderbook Indicator.
DOWNLOAD THE ORDERBOOK INDICATOR
PROPRIETARY MT4 PLUGIN
Get OANDA’s Technical Analysis as an MT4 Plug-In that includes intraday market scanning, automatic chart pattern recognition and pattern quality indicators, automated alerts for specified patterns, and the ability to execute trades directly inside the interface.
How to install MT4 plugin
GET STARTED
Open a demo account to fine tune your trade strategies
Try a demo accountApply for a live account now and you could be trading in minutes
Open a live accountTrading involves significant risk of loss
Frequently Asked Questions
i. To locate your MT4 sub-account number:
ii. First sign in on the OANDA website
iii. Click on Manage Funds (View)
iv. Select the account with a MT4 icon
v. Note your MT4 account number to be used as the login ID.
i. OANDA V20 Live - aligned to the New York Close and supports five daily candles per week. Use this server if your account has a v20 tag on the Manage Funds page.
ii. Supports v20 MT4 hedging accounts.
iii. OANDA GMT+2 Live - aligned to the New York Close and supports five daily candles per week. Supports MT4 hedging compatibility accounts.
iv. OANDA GMT-5 Live - aligned to midnight Eastern time (USA), which results in 6 daily candles per week. Does not support hedging.
b. Demo trading account servers:
i.OANDA V20 Practice - Use this server if your account has a v20 tag on the Manage Funds page. Does not support hedging.
ii.OANDA GMT-5 Practice - Does not support hedging.
Please be aware that ONLY Japanese clients may sign in to the Japan Live or Japan Practice servers. They do not support clients from other regions.
Important Note: EAs are automated trading tools developed by third parties. OANDA cannot provide support for an externally developed EA and assumes no liability for loss attributable to the use of EAs on the MetaTrader 4 software.
Note: For the account to synchronize correctly on the MT4 interface, these trades need to be in lots or mini lots to avoid rounding differences.
a. Sign in – You can sign in to the OANDA Desktop trading platform using your username and password. You need the number of your MT4 sub-account and a unique password to sign into OANDA MT4.
b. Units versus Lots -- You can trade any amount with the OANDA Desktop trading platform, even a single unit. On OANDA MT4, you can only trade lots (100,000 units), mini lots (tenths of a lot), or micro lots (hundredths of a lot).
c. Drawing Candles -- The OANDA Desktop trading platform draws all candles that occur during trading hours using your choice of the midpoint, the bid, or the ask. MT4 uses bid prices to build all candles and does not draw candles that do not contain any ticks.
d. Account Balance / Reports — The two trading platforms can sometimes become out of sync with one another and display contrasting information. When this occurs the balance shown on the OANDA Desktop trading platform will be the one used in all calculations, including for margin closeouts.
Unfortunately, there is no functionality in MT4 for issuing margin warnings. However, you can see full-account balance details when you sign in to your OANDA trading account.
1. You do not have enough funds in your trading account to make the trade.
2. There is insufficient liquidity in the market to support your trade.
3. You exceeded the maximum trade size.
4. The duration of your limit order exceeds the maximum of 100 days.
5. There is not a recent tick for that instrument in MT4 (in this case, you should still be able to trade the instrument on other OANDA platforms).
6. You attempt to close a trade in an order that does not comply with the National Futures Association’s (NFA) "First In, First Out" (FIFO) policy. You should also see an explanation that includes more details in your MT4 mailbox at the time you attempt to close the trade.
Note that if you have MT4 alert notifications turned on you may receive one when older orders are being removed from your MT4 history during closed market hours over the weekend. These notifications are benign and can be ignored.
MQL4 API for MT4
Reference several pre-existing custom OANDA indicators and scripts in your MT4 client, or create your own using the MQL4 API for MT4.
† Disclaimer:
Hedging capabilities not available to residents of the U.S.
Contracts for Difference (CFDs) or Precious Metals are NOT available to residents of the United States.
The Commodity Futures Trading Commission (CFTC) limits leverage available to retail forex traders in the United States to 50:1 on major currency pairs and 20:1 for all others. OANDA Asia Pacific offers maximum leverage of 50:1 on FX products and limits to leverage offered on CFDs apply. Maximum leverage for OANDA Canada clients is determined by IIROC and is subject to change. For more information refer to our regulatory and financial compliance section.
Expert Advisors (EA) are automated trading tools developed by third parties. OANDA assumes no liability for loss attributable to the use of EAs on the MetaTrader 4 software.
OANDA Technical Analysis, including Autochartist services and content, is provided for informational purposes only, and does not take into account any individual's personal circumstances, investment objectives, or risk tolerance.