OANDA

OANDA supports forex. Automate your forex trading strategies with TradersPost on your OANDA live or demo account.

Contact Information

Email: [email protected]

Supported Asset Classes

  • Forex

Forex on OANDA, connected with an API token

TradersPost sends forex orders to OANDA. Connect a live account, or a demo account as a paper account, with a token you generate in the OANDA Hub.

OANDA divisions

TradersPost uses OANDA's v20 API, which OANDA offers to every division but two.

  • Other OANDA divisions

    Accounts with these divisions can connect.

    Supported

  • OANDA Global Markets

    OANDA does not offer the v20 API to this division.

    Not available

  • OANDA TMS Brokers S.A.

    OANDA does not offer the v20 API to this division.

    Not available

What OANDA supports

Order types and features by asset class, as TradersPost sends them to OANDA.

What OANDA supports
Capability Forex Long and short
Order types
Market orders Yes
Limit orders Yes
Stop orders Yes
Stop-limit orders No
Trailing stops Yes
Time in force
Day Yes
Good till canceled Yes
Immediate or cancel Yes
Fill or kill Yes
At the open No
At the close No
Attached exits
Bracket orders Yes
OCO orders No
OTO orders Yes
Trailing stop attached Yes
Direction and size
Short selling Yes

OANDA: 1 thing that works differently

  • Setup OANDA connects with an API key, not a login

    Create the key in OANDA, copy it, and paste it into TradersPost. The steps are above.

Connect OANDA

OANDA accounts connect to TradersPost with an API token. A live account and a demo account each have their own token, so connect them separately.

  1. Generate a token in OANDA:
    • Log in to the live or demo account you want to connect in the OANDA Hub.
    • Click Tools, then API, and click Generate.
    • Copy the token.
  2. Connect it to TradersPost:
    • Go to Brokers and click Connect Broker.
    • Choose OANDA.
    • Choose Live Account for a live OANDA account, or Paper Account for an OANDA demo account.
    • Tick the box confirming you are authorized to trade the account.
    • Paste the token into the API Key field and click Connect OANDA.
  3. Enable your accounts: on the connection page, enable each account you want TradersPost to trade.

The token covers the sub-accounts you have when you generate it. If you add a sub-account in OANDA later, generate a new token and set it on the connection in TradersPost.

OANDA's v20 API is available to every OANDA division except OANDA Global Markets and OANDA TMS Brokers S.A., so accounts held with those divisions cannot connect.

Sub-accounts with hedging enabled and MT4 sub-accounts are not listed, so they cannot be enabled. TradersPost keeps one position per pair, which a hedging account does not, and OANDA does not let TradersPost label its orders on an MT4 account.

Symbols and Sizing

Use pair symbols with a slash, for example EUR/USD. Orders are sized in OANDA units (units of the base currency), not standard lots. See Forex Trading.

Market Orders

OANDA takes a market order only as fill or kill (FOK) or immediate or cancel (IOC). A market order with a DAY or GTC time in force is sent as fill or kill: when OANDA cannot fill all of it at once, for example in thin liquidity, it is cancelled rather than partly filled. Send it with IOC to take a partial fill instead.

OANDA automation questions

How do I connect an OANDA demo account?
Log in to the demo account in the OANDA Hub, click Tools, then API, and generate a token. In TradersPost, connect OANDA, choose Paper Account, and paste that token.