Go Markets any good for forex?

[James Austin]

Chris

if you can:

1] keep the spreads tight,

2] clean up the data (eg., no bad ticks),

and the tough one,

3] guarantee your "hedger" is actually hedging, not trading against me,

gee, fussy old me might even become a supporter of GoT, . . . . you never know.


PS after that's achieved, we can talk about giving MT4 a face-lift, its not gentle on the eye is it!

 

[Naked shorts]

3][/B] guarantee your "hedger" is actually hedging, not trading against me,

Impossible. If you want to trade directly with the banks, you need to be swinging a minimum of $1m each time.

They are not able to hedge their 10k exposure to you on the interbank market.

And even if you did trade directly with the banks, whats the difference? they are not hedging their risk, they are trading against you to.

The best way for GoMarkets to provide liquidity to customers is to introduce multiple independent liquidity providers, which is what they are doing (Well, I'm assuming they are independent Chris).

 

[>Apocalypto<]

Chris

if you can:

1] keep the spreads tight,

2] clean up the data (eg., no bad ticks),

and the tough one,

3] guarantee your "hedger" is actually hedging, not trading against me,

gee, fussy old me might even become a supporter of GoT, . . . . you never know.


PS after that's achieved, we can talk about giving MT4 a face-lift, its not gentle on the eye is it!

if Go did all that for u James would you promise to turn over 250 million a month in volume?

 

[el caballo]

if Go did all that for u James would you promise to turn over 250 million a month in volume?

Why should that be a prerequisite? He is simply seeking a reasonably level playing field.

 

[>Apocalypto<]

Why should that be a prerequisite? He is simply seeking a reasonably level playing field.

 

[James Austin]

i did say the tough one . . . . .

Impossible. If you want to trade directly with the banks, you need to be swinging a minimum of $1m each time.

They are not able to hedge their 10k exposure to you on the interbank market.

And even if you did trade directly with the banks, whats the difference? they are not hedging their risk, they are trading against you to.

The best way for GoMarkets to provide liquidity to customers is to introduce multiple independent liquidity providers, which is what they are doing (Well, I'm assuming they are independent Chris).

lets see, 20lots x 100k x 20/wk = . . . .

if Go did all that for u James would you promise to turn over 250 million a month in volume?

geez u guys take youselves so seriously, lighten up a bit

 

[Stormin_Norman]

fantastic!

 

[lindsayf]

"If your spreads are consistently showing very wide spreads, please give me a buzz and I can look into you account setup to make sure that everything is ok."

this implies it is possible -- for one reason or another-- that one user can have different spreads than another..how is this so? Bit concerning.

 

[denl]

Hi Chris,
I have developed a problem with the GoTrader platform freezing every time I try to use it in the last week. I have phoned support for help, but they do not seem to know what to do and suggested that I reinstall the program. This I have done twice.

It works just fine until I replace the new GoTrader 4 file that is installed in Program Files on my C drive with the one that I saved that has all my setups and layouts on.

I emailed a zip file of my GoTrader 4 file for support to look at to see if they can identify what is in there that is causing the problem. Can you follow up on this please?

I really don't want to go to the trouble of setting up all my charts and layouts again if I don't have to.

Thank you
Denis

 

[PR@GoMarkets]

"If your spreads are consistently showing very wide spreads, please give me a buzz and I can look into you account setup to make sure that everything is ok."

this implies it is possible -- for one reason or another-- that one user can have different spreads than another..how is this so? Bit concerning.

I assume it would be possible as we have groups setup for testing feeds etc and spreads blah blah, so technically it would be possible. The funny thing is, nobody who has ever asked on this forum about seeing wider spreads has ever actually called in to follow up the enquiry. Personally if I thought my prices were wrong or there was an account error, I would be straight on the phone to my broker!

Hi Chris,
I have developed a problem with the GoTrader platform freezing every time I try to use it in the last week. I have phoned support for help, but they do not seem to know what to do and suggested that I reinstall the program. This I have done twice.

It works just fine until I replace the new GoTrader 4 file that is installed in Program Files on my C drive with the one that I saved that has all my setups and layouts on.

I emailed a zip file of my GoTrader 4 file for support to look at to see if they can identify what is in there that is causing the problem. Can you follow up on this please?

I really don't want to go to the trouble of setting up all my charts and layouts again if I don't have to.

Thank you
Denis

I have asked IT and checked the email inbox and cannot see anything with a zip file. perhaps it was blocked by Outlook?

I am not exactly sure what you mean, but it sounds like you are replacing the actual .exe file with a new one. Is that correct? You may be best just to save the actual templates and then load the platofmr and import them. Probably another example of it being best to call in.

 

[kheaver]

Hi Chris,

I tried to send you a pm but it seems I am not worthy, (not enough credits).

I'm considering opening an account.

Could you do me a favour, could you send me a copy of a chart showing "gbp/jpy, 4 hr candles, at 00:00 gmt" today, a jpeg or whatever will be fine.

I'm testing the 4hr box breakout method, which uses the high low of the opening candle from FXDD.
I've got an account with gft but the candles are different, not just in time, but the actual candles.

If Go matches FXDD it would sway me enough to open an account.

Regards,
Kim Heaver

apologies to everyone else.

 

[ISPIZ]

Hey Chris,
Are all the feeds in place now or stil more or ?

 

[denl]

I assume it would be possible as we have groups setup for testing feeds etc and spreads blah blah, so technically it would be possible. The funny thing is, nobody who has ever asked on this forum about seeing wider spreads has ever actually called in to follow up the enquiry. Personally if I thought my prices were wrong or there was an account error, I would be straight on the phone to my broker!



I have asked IT and checked the email inbox and cannot see anything with a zip file. perhaps it was blocked by Outlook?

I am not exactly sure what you mean, but it sounds like you are replacing the actual .exe file with a new one. Is that correct? You may be best just to save the actual templates and then load the platofmr and import them. Probably another example of it being best to call in.

Hi Chris,
I have called in twice, but the people I spoke to did not seem to know much about the technical aspects of the platform. I can send you the file directly if you like.
Regards,
Denis

 

[SlideLow]

back to the fixed spread again?

 

[rasta]

I assume it would be possible as we have groups setup for testing feeds etc and spreads blah blah, so technically it would be possible. The funny thing is, nobody who has ever asked on this forum about seeing wider spreads has ever actually called in to follow up the enquiry. Personally if I thought my prices were wrong or there was an account error, I would be straight on the phone to my broker!

PR@GoMarkets,

I dont know what department you work in, but I did call and i was told to "hang in there" till the liquidity problems get solved. I've been patient since then, but have had no improvement in the spreads as of yet (as you can see from the attached pic)...

I also go an email via the metatrader from a person called "Chris Reynolds" stating that Go Markets has even more liquidity now ... does that mean you running up with the new feed?

I dont understand which bank in the world can have such low liquidity when all these pairs are few of the most traded pairs in the world, especially at this time when both Frankfurt and London markets are open.

Please see attached picture.

 

[SlideLow]

I assume it would be possible as we have groups setup for testing feeds etc and spreads blah blah, so technically it would be possible. The funny thing is, nobody who has ever asked on this forum about seeing wider spreads has ever actually called in to follow up the enquiry. Personally if I thought my prices were wrong or there was an account error, I would be straight on the phone to my broker!

Chris i think a good questions is why would the settings on anyones account change?? An why would all of a sudden would a person be moved without them been notified even for reason such as you said "testing"?

Also just on your last point why should the person call? shouldn't Go be aware of this as they are the broker and contact the client? If your moving people into a test group don't they have the right to know? Maybe not a call but a general e-mail would be nice.

Now i don't want to turn into that stan dude but um does anyone else have the rather kick ass new fixed spread liquidity.


i took a screen shot or three of the curred price also on the second screen is Go's so call live FX feed. So Chris how are they different? Why are they different. and why are they fixed.

Here are some picis

info would be good

 

[rasta]

SlideLow,

Thank you for your post - it kind of gives me an insight of what the hell is going on. I am now definetly concerned that something seems to be a problem, that they are not fixing.

I can see from your images above, that you are getting a 2.4 pip spread - i have not seen that spread in the last few days at all. I am constantly getting anything above 3 pips (lowest ive seen and very rarely is 2.8pips) ... right now i have an average of 3.2 pip spread. in the mornings i had 4.2 pips.

This makes me wonder again, for the third time i ask PR@GoMarkets - has this anything to do with me scalping? Do GoMarkets give such spreads to scalpers????

Here is another image im posting.. and SlideLow, thanks again for your pics, i now know that my spreads are definetly wider than most of you..

 

[Mindsphere]

I'm generally seeing spreads between 1-2 pips for EUR/USD in the European & American sessions, so that seems fine. The yen pairs could stand to improve a bit, however.

I'm just wondering what I need to do to utilise my credit money. For some reason losing trades seem to utilise the balance and not the 10% bonus I received on signup. Can anyone enlighten me?

 

[Stormin_Norman]

I'm generally seeing spreads between 1-2 pips for EUR/USD in the European & American sessions, so that seems fine. The yen pairs could stand to improve a bit, however.

I'm just wondering what I need to do to utilise my credit money. For some reason losing trades seem to utilise the balance and not the 10% bonus I received on signup. Can anyone enlighten me?

the yen was good in japanese trading times today.

the credit is just on your margin, not real money.

 

[PR@GoMarkets]

Rasta - you may have asked a few times but as I have said before, I do not know who you are, so if you can call up and give me your details I am happy to take a look. You are not stawned are you?

SlideLow - I notice your screenshots have details from our webpage. The website shows an indicative price from Saxo Bank, it is not related to our MT4 price feed.

Further to the above, we are currently updating the price feed as previously mentioned. Take a look now, and over the next day or so and you should see some great improvements, but we are not finished yet!

Also take a look later on today when Europe starts waking up. I know that for example cable looks a little wide at the moment, but in all seriousness it regularly gets below 2-pips during the liquid times.

Give me a buzz if you have any questions.