Registered: May 2010
06-15-12 11:00 PM
I have contacted FxSpyder to inquire about their service. Here is the contacts i have done with them till today.
Posted On: 15 Jun 2012 02:18 AM
Hi, i am thinking to migrate to your service.
My original plan is to automate a trading system using Oanda API with account and sub account. Each for a single type of orders " buy or sell" to overcome hedging.
However, I am now thinking about your solution because it is cheaper and i have read some good reviews about you.
Because i am not programmer, i need some clarification.
Which way i should go.. automation via FxSpyder-Oanda platform or using your FxSpyder-Oanda API?
What fees for each route. ? What advantage and disadvantage for each?
My skype: alkahwaji2006
Posted On: 15 Jun 2012 04:24 AM
You will want to use our FxSpyder-Oanda Object Model. It has ready made code for you, otherwise you start from nothing. We charge $199 per month or $499 for one year. With the one year option we will even program your script for you at no charge.
Posted On: 15 Jun 2012 05:20 PM
Thank you for your immediate response. It is really beneficial for me.
However, if i am going to use the API.. Is this the same API that oanda
offers? What are the fees. I already have coders to such task but i would
like to have direct access to Oanda API.
On Fri, Jun 15, 2012 at 12:24 AM, Support wrote:
> McGene forex,
> You will want to use our FxSpyder-Oanda Object Model. It has ready made
> code for you, otherwise you start from nothing. We charge $199 per month or
> $499 for one year. With the one year option we will even program your
> script for you at no charge.
> Ticket Details
> Ticket ID: TZA-521093
> Department: Robot Programming
> Priority: High
> Status: Open
Posted On: 15 Jun 2012 06:25 PM
Ok. i have an automated trading system that scalping with high frequency.
The speed is very important. Instantaneous execution is also very
essential. My EA could play on the shortest time charts .. < or equal 5
seconds chart. The ATS will use hedging so it has to play on 2 accounts (
primary and sub in case of Oanda). The ATS could play up to 500 trades per
day, possible or may be more if available.
Of note, my ping to Oanda is less than 40 ms, from home. I could work on
that to make it much less.
I am comparing between Dukascopy and Oanda.
I am now understanding the limitations and advantages of both. However, i
would like to start cheap as much as i could. Then .. who knows.
That is it.
Any suggestions or info would be much appreciated..
On Fri, Jun 15, 2012 at 1:22 PM, FxSpyder wrote:
> Just to be sure we can direct you properly can you tell us briefly what
> you are trying to do?
Posted On: 15 Jun 2012 08:55 PM
You definitely want us to do this for you. We would create a direct connection with your own mini program. Before we get into too many details we can offer you this:
1. We will program it for a fee of course, but we are very competitive. Plus, we know the Oanda API very well.
2. The ongoing fee will continue to be only $199 per month or $499 per year.
We know how to push the API to the max regarding speed. Your "mini program" will be extremely lite and built on technology that we are already developing for the next generation FxSpyder.
If you wish to employ us we would first need complete instructions from you and then we could provide you with an accurate quote. We could also point out any known limitations that may prevent your success and stop at that point in order to save you money. We don't want to just take your programming money if we know for a fact that your system will not work. We would rather you be profitable and continue to employ our services.
By the way, we built our first system with Oanda almost a decade ago with similar specifications, this is nothing new to us. We have others whom we helped as well and I can tell you that some are profitable and some our not. We can direct you on the appropriate path of where we think your EA should be focusing based on our experience. This does not mean that we can guarantee profits, but we can guarantee our work and, our advice based on experience is in many cases, invaluable.
I am worry about my intellectual property.. What is your opinion?
Any suggestion for next move?