Oanda v10 is gonna die

Posted By: MatPed

Oanda v10 is gonna die - 07/12/17 08:26

Hi, I have sent a support request to Oanda and they replied... v1 REST API will soon die.

Is there anybody already using v20? How it works? Broker plug in AAAARRRGGGGHHHHHHH...

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Account number like "XXX-XXX-XXXXXXX-XXX" signifies a v20 account, which you need to use with v20 REST API, you can add this by logging into oanda.com and clicking on add-sub account. v1 REST API is set to be phased out in the coming year so we no longer provide that.
Make sure you use this documentation http://developer.oanda.com/rest-live-v20/introduction/

Posted By: JoFo

Re: Oand v10 is gonna die - 07/12/17 09:15

create underaccount V20 hedging and name it. Much you need

create on Oanda API your API token and save. adding new accounts later needs a renewed token !

Accounts

Name = your underaccount name
Broker = Oanda
Account = your Oanda Log in Name
User = your underaccount number
Pass = your Oanda API token
Assets = AssetsFix
CCY = your currency
Plugin = Oanda V20

Posted By: MatPed

Re: Oand v10 is gonna die - 07/12/17 10:11

Thank you, all clear. Are you using it? errors? I was quite happy after trading for more than a year with v1. Ciao

Posted By: JoFo

Re: Oand v10 is gonna die - 07/12/17 10:14

No problem so far.

Posted By: dhrv

Re: Oand v10 is gonna die - 11/10/17 16:57

I just got a mail from Oanda that starting December 8, 2017 they will switch European accounts from API v1 to v20:

Quote:

Dear OANDA API user,

In order to support the MiFID II regulations, all legacy trade accounts registered with OANDA Europe Limited will be migrated to v20 trade accounts by as early as December 8th, 2017. The funds in your legacy account and any open positions/orders will be transferred to your new V20 account.

As a result of the migration, the v1 REST API and the Java SDK will not be compatible with your new v20 account.

Your new v20 accounts operate on OANDA�s next generation trading ecosystem. It has been designed for superior order execution and offers more trading features than our legacy execution engine.

Highlights include:

- Configurable Account Settings - Change account leverage in real time

- Hedging - Expand your risk strategies by opening long and short positions of the same instrument at the same time

- Unlimited Transaction History - Retreive your full transaction history with a single API call

- Depth of Market Pricing - Get pricing based on market liquidity

- New Order Trigger Conditions - You can now specify the condition of how your order is filled. Orders can now be filled at bid, ask, or midpoint prices.

We do appreciate that this is short notice and that porting from our legacy apis to the v20 REST API requires time and effort.

There are resources available on our developer portal to help you migrate your applications. Specifically, we have reference implementations located at http://developer.oanda.com/rest-live-v20/sample-code.

If you have any questions, please email us at api@oanda.com.

OANDA API team

Posted By: easyX

Re: Oand v10 is gonna die - 12/05/17 21:22

How are the spreads with the v20 compared to the standard mt4? Since e i read someehere that via the API the conditions would be better? With the standard spread of more then 1 pip in EURUSD they are far from good... just wondering if via API it would be any better?

Posted By: AndrewAMD

Re: Oand v10 is gonna die - 12/05/17 21:44

API usage vs MT4 usage will not affect spread, given they are provided by the same broker for the same account type.

Posted By: jcl

Re: Oand v10 is gonna die - 12/06/17 10:17

In our experience, MT4 spreads are often a bit higher than API spreads. But this depends on the broker and on his contract with MetaQuotes. They are not always paid with additional spread.