OANDA’s MetaTrader 4 (MT4) server now supports five daily candles per week.
Many of our clients have told us they want this feature on MT4 not only for the purposes of conducting technical analysis, but also to take advantage of many Expert Advisors and custom indicators.
However, because we wanted to provide as much flexibility as possible while ensuring existing clients were not forced to abandon their existing automated strategies, we have chosen to add an entirely new server to support candles aligned to the New York close: “OANDA – GMT+2 Live.”
The existing OANDA MT4 server is named “OANDA – GMT-5 Live.” We will continue to support it and clients can access either server by selecting whichever one they prefer to use when signing in.
Also, while the new server will align to midnight GMT+2 for most of the year, we are committed to ensuring that it always displays only five daily candles per week instead of six. As a result, we will occasionally adjust the server to align with the GMT+3 time zone when daylight saving time differences require it.
Accessing the New Server
Existing OANDA MT4 clients with live fxTrade accounts can access the new server easily. Simply re-download the MT4 client, sign in with your MT4 account number and then choose the server named “OANDA – GMT+2 Live.”
However, fxTrade Practice clients will not be able to access it. While we will also continue to support fxTrade Practice clients testing their strategies to use with MT4, the only server that will be available for that purpose will be aligned to midnight GMT-5, and it will display six daily candles per week.
If you would prefer to use the new OANDA MT4 server, you will need to open a live fxTrade account and trade with real funds. The good news is it takes only a few minutes to sign up for a live fxTrade account and start trading.
More Platform Enhancements on the Way
We recognize that traders need to be able to customize their trading platforms as much as possible to implement the strategies that they wish to use. That is precisely why we are committing to supporting five daily candles per week.
On fxTrade Mobile, our industry-leading mobile app for iPhone, iPad, and Android devices, we are in the throes of developing similar support for five daily candles per week. Stay tuned for more details about that in the not-too-distant future.
Meanwhile, on the fxTrade desktop platform we support customizable candle start and end times, including 17:00 New York (which lines up with the new GMT+2 MT4 server), and 00:00 New York (which lines up with the existing GMT-5 MT4 server).
What other customizable options would you like to see on our trading platforms? Please share your thoughts in the comments box below.