Brokerages

Oanda supports cash and margin accounts.

SetBrokerageModel(BrokerageName.OandaBrokerage, AccountType.Cash);
SetBrokerageModel(BrokerageName.OandaBrokerage, AccountType.Margin);

self.SetBrokerageModel(BrokerageName.OandaBrokerage, AccountType.Cash)
self.SetBrokerageModel(BrokerageName.OandaBrokerage, AccountType.Margin)

Create an Account

Follow the How to open an account page on the Oanda website to open an Oanda account.

You will need your account number and access token to deploy live algorithms. To get your account number, open the Account Statement page on the Oanda website. Your account number is formatted as ###-###-######-###. To get your access token, open the Manage API Access on the Oanda website.

Paper Trading

Oanda supports paper trading. Follow these steps to set up an Oanda paper trading account:

1. Create an Oanda demo account.
2. Log in to your demo account.
3. On the Account page, in the My Services section, click Manage API Access.
4. On the Your key to OANDA's API page, click Generate.

Your access token displays. Store it somewhere safe. You need your access token to deploy an algorithm with your paper trading account.


5. In the top navigation bar, click My Account.
6. On the Account page, in the Manage Funds section, click View.
7. On the My Funds page, in the Account Summary section, note your v20 Account Number.

You need your v20 Account Number to deploy an algorithm with your paper trading account.

Oanda supports trading Forex and CFDs.

AddForex("EURUSD", Resolution.Minute, Market.Oanda);

AddCfd("AU200AUD", Resolution.Minute, Market.Oanda);

self.AddForex("EURUSD", Resolution.Minute, Market.Oanda)

self.AddCfd("AU200AUD", Resolution.Minute, Market.Oanda)

If you call the SetBrokerageModel method with the correct BrokerageName, then you don't need to pass a Market argument to the method calls above because the brokerage model has default markets.

Refer to the dataset listing of the asset class you are trading to see the assets available. The following table shows the dataset listing of each asset class Oanda supports:

We model the Oanda API by supporting several order types, a TimeInForce order instruction, and order updates. When you deploy live algorithms, you can place manual orders through the IDE.

Order Types

The following table describes the available order types for each asset class that Oanda supports:

Order Type	Forex	CFD
MarketOrder
LimitOrder
StopMarketOrder

MarketOrder(_symbol, quantity);
LimitOrder(_symbol, quantity, limitPrice);
StopMarketOrder(_symbol, quantity, stopPrice);

self.MarketOrder(self.symbol, quantity)
self.LimitOrder(self.symbol, quantity, limit_price)
self.StopMarketOrder(self.symbol, quantity, stop_price)

Time In Force

We model the GoodTilCanceled TimeInForce from the Oanda API.

DefaultOrderProperties.TimeInForce = TimeInForce.GoodTilCanceled;
LimitOrder(_symbol, quantity, limitPrice);

self.DefaultOrderProperties.TimeInForce = TimeInForce.GoodTilCanceled
self.LimitOrder(self.symbol, quantity, limit_price)

Updates

We model the Oanda API by supporting order updates. You can define the following members of an UpdateOrderFields object to update active orders:

• Quantity
• LimitPrice
• StopPrice
• Tag

var ticket = LimitOrder(symbol, quantity, limitPrice, tag);
var orderFields = new UpdateOrderFields { 
    Quantity = newQuantity,
    LimitPrice = newLimitPrice,
    Tag = newTag
};
ticket.Update(orderFields);

ticket = self.LimitOrder(symbol, quantity, limit_price, tag)
update_fields = UpdateOrderFields()
update_fields.Quantity = new_quantity
update_fields.LimitPrice = new_limit_price
update_fields.Tag = new_tag
ticket.Update(update_fields)

We model the order fees of Oanda, which are $0. To check the latest fees, see the Our Charges and Fees page on the Oanda website.

We model buying power and margin calls to ensure your algorithm stays within the margin requirements.

Buying Power

Oanda allows up to 50x leverage for margin accounts.

Margin Calls

Regulation T margin rules apply. When the amount of margin remaining in your portfolio drops below 5% of the total portfolio value, you receive a warning. When the amount of margin remaining in your portfolio drops to zero or goes negative, the portfolio sorts the generated margin call orders by their unrealized profit and executes each order synchronously until your portfolio is within the margin requirements.

Orders through Oanda do not experience slippage in backtests. In paper trading and live trading, your orders may experience slippage.

We fill market orders immediately and completely in backtests. In live trading, if the quantity of your market orders exceeds the quantity available at the top of the order book, your orders are filled according to what is available in the order book.

Trades settle immediately after the transaction

security.SettlementModel = new ImmediateSettlementModel();

security.SettlementModel = ImmediateSettlementModel()

When you deploy live algorithms with Oanda, we don't save your brokerage account credentials.

We call the Oanda API to place live trades. Sometimes the API may be down. Check the Oanda status page to see if the API is currently working.

You can deposit and withdraw cash from your brokerage account while you run an algorithm that's connected to the account. We sync the algorithm's cash holdings with the cash holdings in your brokerage account every day at 7:45 AM Eastern Time (ET).

The following algorithm demonstrates the functionality of the Oanda brokerage:

You must have an available live trading node for each live trading algorithm you deploy.

Follow these steps to deploy a live algorithm:

1. Open the project you want to deploy.
2. Click the Deploy Live icon.
3. On the Deploy Live page, click the Brokerage field and then click Oanda from the drop-down menu.
4. Enter your Oanda account ID and access token.

To get your account ID and access token, see the Create an Account section in the Account Types documentation. Your account details are not saved on QuantConnect.


5. Click the Environment field and then click one of the environments.

The following table shows the supported environments:

Environment	Description
Real	Trade real money with fxTrade
Demo	Trade paper money with fxTrade Practice

6. Click the Node field and then click the live trading node that you want to use from the drop-down menu.
7. (Optional) Set up notifications.
8. Configure the Automatically restart algorithm setting.

By enabling automatic restarts, the algorithm will use best efforts to restart the algorithm if it fails due to a runtime error. This can help improve the algorithm's resilience to temporary outages such as a brokerage API disconnection.

9. Click Deploy.

The deployment process can take up to 5 minutes. When the algorithm deploys, the live results page displays. If you know your brokerage positions before you deployed, you can verify they have been loaded properly by checking your equity value in the runtime statistics, your cashbook holdings, and your position holdings.