Oanda adds new beta tools for testing in its Forex Lab

Oanda adds new beta tools for testing in its Forex Lab

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Oanda, the third-largest forex broker in the US, announced it has added to its Oanda Forex Lab for forex analysis, signals and tools several new beta tools for testing.

Among them are three APIs: REST API, MT4 API and Autochartist API. The first one offers access to up to one year of historical data on position ratios, economic calendars and orderbook data. The second – MT4 API – also provides historical data on orders, position ratios and economic calendars from the user’s MQL4 program. The Autochartist API can be integrated with the REST API for use in automated trading systems.

Another addition to the Oanda Forex Lab is the Autochartist Signal Visualizier. It allows easy visualization of Autochartist patterns on a live candlestick chart. It also provides an overlay of Oanda orderbook data for in-depth analysis.

The Oanda Forex Labs is a place where the company offers the latest developments from its engineering team for testing and feedback by the users.

Last week Oanda announced the adoption of the  Protrader Multi-Connect (PTMC) trading platform, in addition to the other trading platforms it offers. Earlier in May, Oanda’s subsidiary, Oanda Europe, reported a loss of $2.23 million for 2015.

Oanda is the third largest US forex broker, according to thew most recent data, filed with the US Commodity Futures Trading Commission (CFTC). It offers trading in forex and over-the-counter (OTC) commodities and trading services. Its proprietary internet-based trading platform fxTrade, which also has mobile apps for Android and iOS devices, allows trading in more than 90 major and exotic currency pairs, automatic trade execution, positions management, risk control and provides charting and technical analysis tools.

The US Oanda Corporation has broker subsidiaries in Canada, Europe, Asia Pacific, Australia and Japan, who are regulated by the CFTC, the Canadian regulators, UK’s FCA, the Monetary Authority of Singapore, the Australian Securities and Investments Commission (ASIC) and the Japanese financial regulator, respectively.

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