Australian (ASX) Stock Market Forum

Go Markets any good for forex?

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PR@GoMarkets said:
Hi Stormin, what kind of struggles? We have not had any reported issues. Did you call the overnight desk? Can you call in with whatever problems you are having?
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apparently just lack of liquidity after US holiday. had very long waits between ticks, and strange bid/ask prices coming through (ie spread on pound/franc as 2.0).

ive turned stuff off waiting for sydney/tokyo to open.
 
Stormin_Norman said:
anyone else's go on struggle street this morning? i tried the help desk, but its not open yet.
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I had something strange this morning on GBPCAD, I logged into my VPS to check & watched the chart blank out & lose prices and the ea closed out a position apparently at the (internally calculated) take profit while still in loss...can't figure it out, maybe its the ea but haven't had that happen before so sent a note to IT help before heading to work. All other positions seemed to work ok tho for now.
 
that happened to me too.

i had a really slow ticks with bad spread quotes; which the EA acted on, then didnt get those prices.

the EA should have rejected the slippage, but didnt.
 
Stormin_Norman said:
that happened to me too. i had a really slow ticks with bad spread quotes; which the EA acted on, then didnt get those prices. the EA should have rejected the slippage, but didnt.
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Yes I have been meaning to reprogram my own slippage checks too, I'll get around to it one day! I chatted to Go & suggested it is the low liquidity & gaps in quotes from no volume. Actually its not so much slippage but the repricing from market execution I think (& that's why I preferred instant execution), just a bit large on the gcad but it is a minor pair.

Another reason to always keep risk low... at least ended up in slight profit of 0.25% for day from the other 7 trades for the morning.

chs,dave
 
Hey guys,

New to FX trading and have been doing a lot of reading/demos/paper trading etc. but I started from page 1 of this thread this morning and it looks to have been pretty up and down as to the opinion of Go Markets ..... looks to be positive these days which is promising as I have been enjoying the GoTrader MT4 interface.

I do have a question that I noticed I think maybe Stormin Norman mentioned months ago but I dont know if it was answered or skipped over or I missed it through my skimming, but when opening a position the lot options available go from 0.01-0.05 then 1.0-8.0

Am I able to open a position at say 0.5 lots???
 
Robshan said:
I do have a question that I noticed I think maybe Stormin Norman mentioned months ago but I dont know if it was answered or skipped over or I missed it through my skimming, but when opening a position the lot options available go from 0.01-0.05 then 1.0-8.0

Am I able to open a position at say 0.5 lots???
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Yes, you just have to enter it manually; highlight the number of lots, press delete, then type 0.5
 
Lot Sizes for GoMarkets WITHOUT LEVERAGE APPLIED. I REPEAT - WITHOUT LEVERAGE APPLIED

0.01 = 10 of base currency
0.10 = 100 of base currency
1.00 = 1000 of base currency
10.00 = 10000 of base currency

Ive never noticed any gaps in the lot sizes at all. You buy as small as 0.01 lots and travel in 0.01 multiples therein. I'm sure there's a max lot size but buggered if I know what it would be ( that would be a sweet problem to have :rolleyes:).


Ah yes, and as per Nakeds comments you can just type what you want
 
maximum seems to be 10 lots.

btw chris - can this 10 lot roof be lifted on request?

but as for current opinion - gomarkets are currently great, world leader for retail mt4 - especially given the regulation safety given in australia. i was investigating options to move, but now i wouldnt even consider it.
 
Stormin_Norman said:
maximum seems to be 10 lots.

btw chris - can this 10 lot roof be lifted on request?

but as for current opinion - gomarkets are currently great, world leader for retail mt4 - especially given the regulation safety given in australia. i was investigating options to move, but now i wouldnt even consider it.
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Damn. I think Stormin has that sweet problem Id like to have ;)
 
Stormin_Norman said:
maximum seems to be 10 lots.

btw chris - can this 10 lot roof be lifted on request?

but as for current opinion - gomarkets are currently great, world leader for retail mt4 - especially given the regulation safety given in australia. i was investigating options to move, but now i wouldnt even consider it.
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Thanks for the positive review!! We are still making upgrades in terms of execution etc and the 10 lot maximum size in one click will be changed shortly.
 
PR@GoMarkets said:
I would love to take all the credit for our daily market wrap, but that is another Chris we have! I am sure he would be happy to chat with any of you if you have any questions.
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Hi Chris, i normally trade currency futures through a US based broker, but always had a spot account for various other reasons.
I opened a trial account with you, and i'm happy with what i see so far, only criticism is the slow and "clunky" way of entering, managing, and exiting orders, if you trade like i do, using order tickets followed by confirmation tabs, is painfully slow.
As far as i know MT5 will have a DOM (price ladder) way of entering and exiting orders, which is far quicker, combine that with the ability to hedge trade, and i may even close my futures account.
So the question is, do you have any plans for introducing MT5 at some stage?
Your reply will be appreciated.
 
caribean said:
As far as i know MT5 will have a DOM (price ladder) way of entering and exiting orders, which is far quicker, combine that with the ability to hedge trade, and i may even close my futures account.
So the question is, do you have any plans for introducing MT5 at some stage?
Your reply will be appreciated.
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From what I have read, MT5 won't allow hedging. Just a single position. So if you are long 0.5 Lots and then go short 0.2 lots, you end up with a long 0.3 Lots position.

It would mean a complete re-write of my EA's so if MT5 is offered, I hope MT4 will also be kept. That being said MT5 isn't going to be backwards compatible anyway, so MT4 EA's won't work either way.
 
SittingDuck said:
From what I have read, MT5 won't allow hedging. Just a single position. So if you are long 0.5 Lots and then go short 0.2 lots, you end up with a long 0.3 Lots position.

It would mean a complete re-write of my EA's so if MT5 is offered, I hope MT4 will also be kept. That being said MT5 isn't going to be backwards compatible anyway, so MT4 EA's won't work either way.
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id seek out brokers which offered mt4.

or id move to a broker which offered java based API.

mt4 is a pretty rubbish platform to be honest and mt5 is only a step better seemingly. if i had to re-write my files, itd be in java.
 
Stormin_Norman said:
mt4 is a pretty rubbish platform to be honest and mt5 is only a step better seemingly. if i had to re-write my files, itd be in java.
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Yeah, not sure why, in this age of plentiful open source languages, you would write a propriety one when it's not your core business. A reasonable front-end design and testing system and then java (or pick another language) in the back-end for development of indicators, ea's etc, along with the API to tie in the front end.

Sounds like much less work. And we could do X = Y * -1 rather than having to do X = -1 * Y all the time (took me ages to realise the parser couldn't cope with that, mental block, it should just work !).
 
Stormin_Norman said:
id seek out brokers which offered mt4.

or id move to a broker which offered java based API.

mt4 is a pretty rubbish platform to be honest and mt5 is only a step better seemingly. if i had to re-write my files, itd be in java.
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Yes Stormin the platform is to play trading games on. Like the `holy grail` EA backtester. Seamless trading with powerful functionality wasn`t their main consideration. Unfortunately it`s all there is for the small end of town that brokers offer. And it`s free. Assuming they aren`t Indian givers of course.
 

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