Forex | Oanda

This document outlines the appropriate format that the traders must follow while writing the webhook payload for setting up the following types of Forex orders to be executed into Oanda.

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Market Order

The traders can write the webhook payload for setting up Market orders using these three payload fields:

  • Symbol
  • Action
  • Quantity

Symbol

The ticker symbol of the Spot Currency pair. Oanda expresses this asset class as a pair. For example, CADUSD, EURUSD and GBPUSD.

Action

The signal action indicates the type of trade to be executed. It can be one of the following:

  • Buy: Triggers an action to buy the asset.
  • Sell: Triggers an action to sell the asset.

Quantity

The number of assets to be traded. If omitted, the quantity will be dynamically calculated or defaulted to 1.

EXAMPLE

I. Buy

{
  "symbol": "EURUSD",
  "action": "buy",
  "quantity": 123
}

II. Sell

{
  "symbol": "EURUSD",
  "action": "sell",
  "quantity": 123
}

Limit Order

The traders can write the webhook payload for setting up Limit orders using these four payload fields:

  • Symbol
  • Action
  • Quantity
  • Limit_price

Symbol

The ticker symbol of the Spot Currency pair. Oanda expresses this asset class as a pair. For example, CADUSD, EURUSD and GBPUSD.

Action

The signal action indicates the type of trade to be executed. It can be one of the following:

  • Buy: Triggers an action to buy the asset.
  • Sell: Triggers an action to sell the asset.

Quantity

The number of assets to be traded. If omitted, the quantity will be dynamically calculated or defaulted to 1.

Limit_price

An optional field specifying the execution price for a "BUY" or "SELL" trade. If specified, the trade will be executed at the specified limit price. If not, the trade will be executed at the current market price.

EXAMPLE

I. Buy

{
  "symbol": "EURUSD",
  "action": "buy",
  "quantity": 123,
  "limit_price": 123.98
}

II. Sell

{
  "symbol": "EURUSD",
  "action": "sell",
  "quantity": 123,
  "limit_price": 123.98
}

Stop Order

The traders can write the webhook payload for setting up Stop orders using these four payload fields:

  • Symbol
  • Action
  • Quantity
  • Stop_price

Symbol

The ticker symbol of the Spot Currency pair. Oanda expresses this asset class as a pair. For example, CADUSD, EURUSD and GBPUSD.

Action

The signal action indicates the type of trade to be executed. It can be one of the following:

  • Buy: Triggers an action to buy the asset.
  • Sell: Triggers an action to sell the asset.

Quantity

The number of assets to be traded. If omitted, the quantity will be dynamically calculated or defaulted to 1.

Stop_price

An optional field specifying the price level at which a stop-loss or stop-limit order should be triggered. It helps limit potential losses by automatically closing the position when the specified price is reached.

Stop-Limit Order

The traders can write the webhook payload for setting up Stop_Limit orders using these five payload fields:

  • Symbol
  • Action
  • Quantity
  • Limit_price
  • Stop_price

Symbol

The ticker symbol of the Spot Currency pair. Oanda expresses this asset class as a pair. For example, CADUSD, EURUSD, and GBPUSD.

Action

The signal action indicates the type of trade to be executed. It can be one of the following:

  • Buy: Triggers an action to buy the asset.
  • Sell: Triggers an action to sell the asset.

Quantity

The number of assets to be traded. If omitted, the quantity will be dynamically calculated or defaulted to 1.

Limit_price

An optional field specifying the execution price for a "BUY" or "SELL" trade. If specified, the trade will be executed at the specified limit price. If not, the trade will be executed at the current market price.

Stop_price

An optional field specifying the execution price for a "BUY" or "SELL" trade. If specified, the trade will be executed at the specified limit price. If not, the trade will be executed at the current market price.

EXAMPLE

I. Buy

{
  "symbol": "EURUSD",
  "action": "buy",
  "quantity": 123,
  "limit_price": 123.98,
  "Stop_price": 123.98
}

II. SeIl

{
  "symbol": "EURUSD",
  "action": "sell",
  "quantity": 123,
  "limit_price": 123.98,
  "Stop_price": 123.98
}




Sep 29, 2023

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