Last month, OANDA launched an MT4 server, which benefits customers with new technical and automated solutions, including five-day candles, among others – this was also predated by the addition of OANDA REST API this summer.
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The new partnership between OANDA and MultiCharts will enhance OANDA’s customer experience via an fxTrade plug-in. More specifically, this will open up a cascade of tools such as advanced charting, back-testing and automated trading.
According to Trevor Young, vice president of product management at OANDA Corporation, in a statement on the partnership, “Based on feedback from our clients, we know that both access to professional technical analysis tools and providing a stable environment in which they can test trading strategies is crucial. MultiCharts allows professional traders the ability to do both, as well as back-testing functionality and real-time portfolio trading. MultiCharts is revered as the best in the industry and this partnership confirms OANDA’s commitment to integrate with industry leaders to provide best of breed analysis capabilities to our fxTrade clients.”
“Combining the power of our platform’s capabilities with one of the world’s largest and most accurate databases of currency rates via OANDA’s API, then executing trades with fxTrade’s near millisecond latency, we have a first-class solution for professional traders. At the end of the day, our collective aim is, and will always be, to arm investors with tools that will help them make the best technical-based trading decisions,” added Dennis Globa, founder and CEO of MultiCharts, in an accompanying statement.