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Go Markets any good for forex?

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lasty said:
Go markets have to be doing something to make money.They either charge a commission or a spread.That could be why they requote.
Are you aware that some platforms give the price maker, normally a bank, the chance to reject the trade or accept it?

MF global charges a commission because Currenex charges them brokerage.
There is no way go markets can match a platform like Currenex without charging a brokerage fee or a spread read.
Click to expand...

Well, it did appear that Go was adding about .5 a pip to the spread (as quite often when MFGlobal's spread was 1, Go would be 1.5 and when MF hit 2, Go would be 2.5), but there were even times when Go was actually lower.

Could it be that the spread you see is meaningless as their MO is to get you with the requotes?
 
ISPIZ said:
Not sure if its possible but i think there getting worse lol
Click to expand...
My trades tonight from WA went straight through, no problem. At the same time I was soaking up my available bandwidth with three separate data streams (MT4, Reuters and IB TWS), downloading a swag of large applications and data, and simultaneously conducting file transfers whilst VoIP chatting with another trader in Qld whose Go Market trades were also "spot on".

Do you ever have the feeling, if you're the only one having problems (or one of the few) the problem might be at your end?

Have you checked everything which can be checked and eliminated these as possible causes before blaming the broker? Are the delays at your computer processing the "order" instruction, the connection sending the instruction, the broker receiving the instruction, or the broker acting on the instruction, or you receiving receipt of confirmation of the action being completed? How can you prove this? How are you measuring the delay? Do you keep a forensic-accurate record of mouse clicks/keyboard activity versus trade execution times which can be analysed to try and identify possible causes? Look for some less-than-obvious causes; anti-virus interference, software conducting an auto-update, downloading/streaming videos/audio at the time of placing a trade, email clients searching for new email etc. Who is your ISP and what traffic do they have at these times when you experience these delays? (Remember: certain people do most of their big downloads at off-peak times, these vary with ISP and clientele.) There are many, many possible causes.

Although modern-day computing is as common as sliced bread, it is still a highly technical and complicated field of endeavour. Discovering the cause(s) of problems often takes more effort than writing the application in the first place, especially when the "problem" application is run with other hardware, programs and operating system services (not all of these play nicely with each other either!) Add networking and telecommunications to the issue and the problem complexity increases exponentially. You might even discover "blame" for the error is distributed i.e. no single entity is entirely responsible for the problem (then the fun really starts!)

Like most things, the problems closest to home are the problems most easily rectified so try looking there first before looking further afield.



wabbit :D
 
one of my ea's on 9 different pairs occasionally shuts at 1 pip profit (pretty much break even) - so ive gone through and looked at its break even shuts to analyse the slippage its received on these trades.

there were 7 break even trades during the week. 6 closed at the 1 pip profit mark, with 1 closing at -1 pip.

the - 1 pip was on the eurcad, the most illiquid of the pairs traded. this would suggest the EA was slipped 2 pips on close.

the other 6 closes had no slippage and close at the point requested by the EA.
 
Hi Norman,

Are those trades sitting on Go computers or does your PC send the trade when required ?
I have found that once something is on their PC it does work very well, I haven't had any slippage yet on Stops or TPs on their PC, it is just getting through to them that is the problem.

I have spoken to my ISP about it so will see if I can do any good there.
 
Yeah, its been down since about 1630. Had stops in place, but market moved against me. Tried to close well before the stop, but it wouldn't let me. Can only hope the stops cut in at their end. All they tell me is that they are working on it!
 
Back on about 1720. Market had gone against me (watching on another platform) and should have taken out my stop. When GoMarkets server came back up, the market had retraced and trade was still underway. Their data just had a big hole in it and didnt show the previous market price action. So, it would seem that their stop did not cut in as you would expect/hope. closed the trade for a small loss just in case.
 
Naked shorts said:
Big gap on all my charts, luckily wasn't in a trade.
Click to expand...

Seems like you guys are dicing with death there.
Price widening,platform crashes,charting service unreliable.

Whats worse is that you continually use them in hope.
If thats a characteristic of your trading then the future could look a tad grim on the P/L front.
 
Agree with lasty. Is it really wise to be risking one's hard-earned with what appears to be an unreliable provider?
 

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