Home Forex Service Review OandaX Download Manager EA Review

OandaX Download Manager EA Review

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OandaX Download Manager is a member of a series of products produced by the Oanda Fxlabs service. The EA was uploaded to the mql5 marketplace in November of 2016 and most previously updated to version 1.4 in February of 2017.

Overview

The OandaX Download manager provides historical data for 16 instruments, including options like AUDJPY, AUDUSD, EURAUD, and several others, in addition to Gold and Silver. It works with a Position Ratio (ratio of buyers and sellers), includes an Order Book that displays the distribution of limit and stop orders by price levels, and a histogram that shows active positions that were made when the histogram was formed.

Here are a few of its other features:

-Works with the most popular trading platform, MetaTrader 4

-The minimum step of history data is 20 minutes

-Any previously downloaded data is available to the indicators without running the EA and can be used for backtesting

The Download Manager is included in the OandaX product series and works with data from all of those indicators (OrderBook Image History, 5 Ratio History, Positive Ratio, etc.). This product is an Expert, although it is categorized as a utility.

Service Cost

The developer offers four separate renting options:

  • 1 month for $15 USD
  • 3 months for $36 USD
  • 6 months for $60 USD
  • 1 year for $96 USD

Traders cannot purchase the product outright, which might be an inconvenience for anyone who plans to continue using it indefinitely. A free beta version of the product can also be used to test strategies and to analyze historical data, with the only downside being a one-day delay and possible bugs due to its being in beta.

Conclusion

OandaX Download Manager is a professional EA that can be used to analyze data or even to create EAs related to the series of products designed by Oanda Fxlabs. It has only received four reviews, with the majority of those being positive. For example:

“Very nice product, definitely worth trying if you are interested in trading with the Sentiment provided with Oanda, or make EAs using it. 5 starts product, the programmer is very professional, I have been using it for 5 months and I plan to use it further.” -BeLikeTrader

“Great Sources of data for my MT4 EA’s”

If this product is something you’re looking for, then it could be worth renting. If you’re still on the fence about it, then consider testing out the BETA version before making a decision.

This Forex service can be found at the following web address: https://www.mql5.com/en/market/product/19494

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