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Connect Trading Account with OANDA

How it work




This article goes through the steps to connect ALGOGENE with your OANDA trading account (either demo account or real trading account). The overall workflow is summarized in this diagram.

workflow

Who is OANDA?

OANDA Corporation is one of the biggest FX broker in the world providing trading services on FX currency pairs, Commodity, and Equity Indices CFD.


Open Account from OANDA

  • Create a new trading account from OANDA

    oanda_signup_page oanda_signup_flow
  • Submit relevant documents for identity verification.

    oanda_verify
  • Submit application and wait for OANDA’s approval (should take 1-2 days)

  • For real trading, register the bank account number that you will make deposit to OANDA

    • Login OANDA portal
    • Click Add Sub-Account

      oanda_add
    • Click 'Bank Accounts', then '+ Add Bank Account'

      oanda_bank_account oanda_fund

Create and Activate Trading Account from OANDA

  • Login OANDA portal, click Add Sub-Account

    oanda_subaccount
  • Click “+ Add New Sub-Account”

    • Check “v20 MetaTrader 4”
    • Check "Enable hedging on this account"
    • Select Pricing Type = “MT4”
    • Set MT4 password
    • Choose desired account Currency, and Leverage
    • Click “Save”
    oanda_newaccount
  • Record down the account number and connection

    oanda_connection
  • Click “Deposit” to indicate the amount/ currency to be deposited to the trading sub-account
  • Make deposit and transfer from your bank, cap screen and upload to OANDA as reference
  • Wait for OANDA to verify the acceptance of fund (should take 1-2 days)

Generate API Key from OANDA

  • Login OANDA portal, Click “Manage API Access”

    oanda_apitoken
  • Click “Generate”, then record down the API key

    oanda_generatetoken oanda_yourapitoken

Config on ALGOGENE

Follow 3 simple steps below, you will then be able to deploy and trade your Algo with OANDA.

  • Login ALGOGENE portal
  • Go to 'Settings' page
  • Update the connection settings accordingly
algogene_setting

Happy Trading! :)