Supported Models

Oanda

Introduction

This page explains OandaBrokerageModel, including the asset classes it supports, its default security-level models, and it's default markets.

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

To view the implementation of this model, see the LEAN GitHub repository.

Asset Classes

The OandaBrokerageModel supports trading Forex and CFDs.

Orders

The OandaBrokerageModel supports several order types, the TimeInForce order property, and order updates.

Order Types

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

Order TypeForexCFD
MarketOrdergreen checkgreen check
LimitOrdergreen checkgreen check
StopMarketOrdergreen checkgreen check

Time In Force

The OandaBrokerageModel the GoodTilCanceled TimeInForce. 

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

Updates

The OandaBrokerageModel supports order updates.

Fills

The OandaBrokerageModel uses the ImmediateFillModel.

Slippage

The OandaBrokerageModel uses the ConstantSlippageModel with zero slippage.

security.SetSlippageModel(new ConstantSlippageModel(0));
security.SetSlippageModel(ConstantSlippageModel(0))

Fees

The OandaBrokerageModel uses the ConstantFeeModel with zero fees. OANDA offers "Spread" and "Core + Commission" pricing models. Our data is the spread dataset, so we model the spread pricing. To estimate OANDA Core+Commission data, use a custom fee model and a custom fill model.

security.SetFeeModel(new ConstantFeeModel(0.0m));
security.SetFeeModel(ConstantFeeModel(0))

Buying Power

The OandaBrokerageModel uses the SecurityMarginModel and allows up to 50x leverage.

Settlement

The OandaBrokerageModel uses the ImmediateSettlementModel for Forex trades and the AccountCurrencyImmediateSettlementModel for CFD trades.

Margin Interest Rate

The OandaBrokerageModel uses the NullMarginInterestRateModel.

Default Markets

The default market of the OandaBrokerageModel is Market.Oanda.

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