Australian (ASX) Stock Market Forum

Go Markets any good for forex?

data providers very rarely produce these sorts of ticks, bucket shops do it routinely.

this happens on all brokers James........

ATC (ECN) cable chart is attached. (eclipse shows the gaps)

You do understand how thin the cable can get, right James???
 

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perhaps PR@Go can tell us what happens to a person in such a trade,
position closed,
stops hit,
other?

I can tell you what happened...the trade is zeroed as per their policy. I've had 3 in 2 days on GBPUSD, unfortunately all were (very) profitable, but they were classed as incorrect spikes & that's the policy so I have no complaint. Other accounts I run either did not show the spike or/and no other account traded that bar. Imagine if I had 3 losers! I would be have been happy to have the trade reversed. GoM have communicated & responded well to my questions...that's just trading.

Chrs, Dave
 
this happens on all brokers James........

ATC (ECN) cable chart is attached. (eclipse shows the gaps)

You do understand how thin the cable can get, right James???

these spikes dont show up with my esignal data, plus volume at 7am (when 1st spike occured) Aus was 1800 = not too thin


I can tell you what happened...the trade is zeroed as per their policy. I've had 3 in 2 days on GBPUSD, unfortunately all were (very) profitable, but they were classed as incorrect spikes & that's the policy so I have no complaint. Other accounts I run either did not show the spike or/and no other account traded that bar. Imagine if I had 3 losers! I would be have been happy to have the trade reversed. GoM have communicated & responded well to my questions...that's just trading.

Chrs, Dave


"just trading" with GoT i'd say . . . . its about data and quality management not "just trading"


i'm testing GoT at present re spreads, charts, customer service etc, if they fall short i'll move on

so its neither here-nor-there for me, if you happily trade with them then good.
 
mmmm spoke to soon 5.1 pips as i look at it right now, whats going on with it Chris pretty bad in one of the busiest times of the day.
 
mmmm spoke to soon 5.1 pips as i look at it right now, whats going on with it Chris pretty bad in one of the busiest times of the day.

As I have mentioned a couple of times in the last day or so our feed provider has experienced a problem with liquidity in some pairs (this is not to say there is no liquidity in the market) including cable. We have been informed that this will be sorted and is a very temporary occurence. You should see better spreads and liquidity in the next few days.

Unfortunately it is completey out of our control as we are not creating our own market and rely on a price feed from an external source. There are plenty of pairs with excellent spreads and liquidity and opportunities to more than make up the friday night beer fund.

Have a good weekend guys.

Chris

P.S. Anyone miss stawned?
 
got an email from go saying theyre discontinuing the gotrader and concentrating on mt4.

what extra markets are go looking at adding to mt4?
 
got an email from go saying theyre discontinuing the gotrader and concentrating on mt4.

what extra markets are go looking at adding to mt4?

It is disappointing to see they are no longer a CFD provider. I have been happy with their platform and service. They mentioned that CFDs through MT4 may be a possibility in the future but to me that seems unlikely- surely they would have sealed this now if they could, rather than lose their clients to other brokers.

I'll keep my FX with Go Markets, and maybe MF Global for CFDs?? (need to shop around).
 
got an email from go saying theyre discontinuing the gotrader and concentrating on mt4.

what extra markets are go looking at adding to mt4?

Hi Stormin,

We will initially add some index contracts and major commodities such as oil onto the platform and we may also put some individual share CFDs, but being honest we would be unlikely to have a huge range, and may just focus on the top few from each exchange. We want to be a Forex provider who has a little extra rather than being an out an out multi-product provider.

As for the feed and spreads, you should have seen an improvement over the last day or so as some liquidity comes into it. Especially the majors like USDJPY and EURUSD.
 
It has been getting better during the day but still not the best I've seen during the Asian(day) session from you guys.

But I'm still happy.
 
Word of warning.

Oil can/is volatile to trade and tighter stops get whipsawed.
 
95% of all data should fall within the upper and lower bollinger bands. They probably woulnd't be a great stop :)
 
ATR and Bollinger Bands
My point being that futs are BIG contracts. You need a big account to trade the commods because they are volatile and therefore you need a wide stop and small position. therefore therefore therefore therefore CFDs although crap due to the interest are the way to go - much smaller position sizing available.

95% of all data should fall within the upper and lower bollinger bands. They probably wouldn't be a great stop :)

No but good for targets, work every time.
 
Volatility determines stop, stop determines position size.

This is why I'm switching back to forex for a bit. Lower size for more flexibility with stops as well as medium and longterm trades (index futures are too large for me to use 10-100 pt stops).
 
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