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Screenshot of a breaking news alert e-mail from Q2 2017
In late October, LeapRate reported that technology-led Canadian FX and CFD brokerage OANDA had entered into a strategic partnership with MultiCharts in which it was beta testing a plug in for the MultiCharts multi-asset trading platform.
Today, OANDA has announce that its partnership with MultiCharts has come to fruition and that the plug in is now available as a live solution.
Made possible via the broker’s Application Programming Interface (API), FX traders can now access the award-winning MultiCharts platform via a custom OANDA fxTrade plug-in, providing charting, back-testing, and automated trading for more robust technical analysis.
“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,” said Trevor Young, Vice President of Product Management, OANDA Corporation. “MutliCharts 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.”
With the addition of the OANDA REST API in June, several forex software providers are building custom fxTrade integrations, adding to OANDA’s arsenal of professional trading tools, the most recent of which being yesterday’s addition of a three dimensional user interface for back testing strategies provided by FinGraphs.
A comprehensive multi-asset toolset, MultiCharts offers high-definition charting; high precision back-testing; hundreds of built-in indicators and strategies; and the ability to import existing indicators or develop your own.
“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,” said Dennis Globa, Founder and CEO, MultiCharts. “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.”