Aussie Broker using ForexMeta Platform & FX Tax?

[el caballo]

My concern is articles such as this http://www.forexfactory.com/showthread.php?t=70582 where it highlights computer generated intervention to favour the broker.

Surely the above input from Boggo dampens the enthusiasm for market maker "brokers"?

 

[ThingyMajiggy]

Sam

You are confused with the pipette problem I have been mentioning throughout this thread.

60 = 6.0 pips (6 pips)

300 = 30.0 pips (30 pips)

rgds - arco

Ahhh ok is that what it is Sorry!

Nearly died with my leg in the air when I saw it was 60!

 

[arco]

Re the Plug In - theres some info here

http://www.earnforex.com/blog/2008/02/mt4-brokers-accused-in-being-scam/

 

[white_goodman]

Re the Plug In - theres some info here

http://www.earnforex.com/blog/2008/02/mt4-brokers-accused-in-being-scam/

Oh so it was just for demo tournaments? People have run away with this story?

I dont know what to believe, guess I may have to give GO a go and see for meself.

 

[Boggo]

Oh so it was just for demo tournaments? People have run away with this story?

I dont know what to believe, guess I may have to give GO a go and see for meself.

I went looking for the opposite side of the story (there is always one) but couldn't find one until that link, ta arco.

I have organised a demo account, looks ok so far, I run Iress as well and it all seems to line up at the moment.
Next question is the real time account, order delays, slippage, price spikes etc are are often the items that I hope are not an issue if they want to retain credibility.

 

[white_goodman]

I went looking for the opposite side of the story (there is always one) but couldn't find one until that link, ta arco.

I have organised a demo account, looks ok so far, I run Iress as well and it all seems to line up at the moment.
Next question is the real time account, order delays, slippage, price spikes etc are are often the items that I hope are not an issue if they want to retain credibility.

If your working off a higher timeframe such as 4h or 1h charts would this perceived 'programmed cheating' be averted somewhat? Does it mainly affect scalpers?

 

[arco]

Guys (and any Gals)

Dont worry about the platform, etc. MT4 is very easy to use and make pips.

The main concern should be.............is your money safe

arco

 

[BentRod]

First time trading with Go markets this morning, anyone else getting alot of requotes?

 

[arco]

Hi BentRod

Yes, this seems to be a problem with all MT brokers in my experience......the platform is geared to extract your money.

Notice one thing? - you only get re-quotes in one direction....against you.

If you buy/sell you never get a re-quote if the price moves to your advantage.

If day trading I find it best to decide what profit you want to take....say 20 pips and put that as a TP...............


.......................bingo no re-quote (so far).

arco

 

[BentRod]

Gday Arco,

Fair enough, thanks mate.

Not used to them as I never get them on Oanda and don't get any slippage either.

cheers

 

[BentRod]

Spreads for those interested.

Not impressed with the spread on AUDJPY, the others don't seem to bad.

 

[arco]

Hi BentRod


Yes I also use Oanda and haven't experienced slippage with them. (They had 10 pips spread on Cable and EY earlier today......greedy bar stewards)

I also came across a problem with the big 'O' yesterday when a message box popped up and stopped me from exiting a trade (if it happens again I'll get a snag)........its the nearest I've come to getting slippage with them and I lost 14 pips on that little game.

It may be another broker ploy to gain more than they should

arco

 

[BentRod]

Yes I also use Oanda and haven't experienced slippage with them. (They had 10 pips spread on Cable and EY earlier today......greedy bar stewards)

This has been getting on my nerves lately too, part of the reason I opened with Go.

Even now, Cable-8 pips and AUDJPY-8 pips....very annoying!

Starting to think multiple accounts with multiple brokers is the better way.

Regarding the requotes with Go....I was just entering a short in EURJPY before and got six in a row...by the time I got set the market had moved 15 pips.

 

[arco]

BentRod

We cant let them win this game..........I think this calls for a ladder technique.

I might experiment with that tonight if I have time.

rgds - arco

PS watch out for that pop up box on Oanda......

 

[glenn_r]

I had a couple of requotes earlier today for the first time with GO live but after that it was fine but my platform was very slow today with changing windows etc, I don't know if its my computer or what, I'm looking into it.

P.S. After typing this post I went back on the platform and its fine now, it was freaking slow all afternoon.
Maybe the Russian economy imploding was the cause?

 

[arco]

.GO Markets

Just tried to manually close a EY trade at 60 pips.......3 requotes later = 41 pips.

Rob-bers..............you gained 19 pips.................Funny if its 19 pips the other way you dont give it to me

Oanda is still superior IMO

 

[arco]

Hi Glenn

The platform is not slow for me ......its fast.........particularly at giving re-quotes

 

[BentRod]

Oanda is still superior IMO

Without a doubt.

I've had over 30 requotes now, thats a lot of slippage!

 

[wabbit]

.GO Markets

Just tried to manually close a EY trade at 60 pips.......3 requotes later = 41 pips.

Rob-bers..............you gained 19 pips.................Funny if its 19 pips the other way you dont give it to me

Oanda is still superior IMO

What slippage are you using?


wabbit

 

[Boggo]

.GO Markets

Just tried to manually close a EY trade at 60 pips.......3 requotes later = 41 pips.

Rob-bers..............you gained 19 pips.................Funny if its 19 pips the other way you dont give it to me

Oanda is still superior IMO

I think I may be looking elsewhere if this is how they are going to run the real thing, a pity really.

Mike