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I have to say the spreads are very low in peak times.
Qutie good I'm impressed.
Qutie good I'm impressed.
Go Markets any good for forex?
- Thread starter dhruv
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Happy so far with the broker, the only complain i have is the difficulty of dealing with multiple orders, way too slow.
By the time i exited all orders(combined with the fact that i consetrate more on my main account) i lost quite a few pips
If still happy in a couple of months, i wouldn't mind paying for someone to code a better order entry for me, if it was possible, i know nothing about code.
By the time i exited all orders(combined with the fact that i consetrate more on my main account) i lost quite a few pips
If still happy in a couple of months, i wouldn't mind paying for someone to code a better order entry for me, if it was possible, i know nothing about code.
Stormin_Norman
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what are u meaning multiple orders?
manually having to deal with them all? or are your robots suffering?
personally i have very few problems with my multiple mt4 platforms sending through and having their orders executed since the upgrades.
manually having to deal with them all? or are your robots suffering?
personally i have very few problems with my multiple mt4 platforms sending through and having their orders executed since the upgrades.
No robots here, except for the one typing this reply,
Just dealing with multiple manual orders, with a price ladder, or DOM, set up
entering and exiting is very quick click of button for limit, stop, and market orders, all configurable with automatic brackets placed at time of entry, and also a flatten all, or cancel all, feature.
Stormin_Norman
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yeah it would be a mouseful to get around and adjust all those orders manually.
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Yes, this type of order entry system would improve the Go offering immensely. Always having to deal at market is a very big disadvantage for trades of a shorter-term nature.
From the little understanding i have of MT5, it will have a "DOM", which will make order management a lot quicker, unfortunately it will have other new disadvantages though, compare to MT4.
how short is shortly?...really looking forward to this!
Has anyone else had this happen recently?.....I am in a trade in the NZUS from last night and this morning my stop is about 60 pips above price..and the trade is closed out at about 0740hrs...at stop level, with no price move shown on chart. I spoke to GO who explained that in low liquidity periods (like pre Asia) the bid/ask can widen hugely and that what happened was that the ask price spiked up and took me out. They have reinstated the trade...and perhaps technically they didnt have to.....but...this is very concerning...especailly as this is the new improved datafeed.
Wysiwyg
Everyone wants money
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Has anyone else had this happen recently?.....I am in a trade in the NZUS from last night and this morning my stop is about 60 pips above price..and the trade is closed out at about 0740hrs...at stop level, with no price move shown on chart. I spoke to GO who explained that in low liquidity periods (like pre Asia) the bid/ask can widen hugely and that what happened was that the ask price spiked up and took me out. They have reinstated the trade...and perhaps technically they didnt have to.....but...this is very concerning...especailly as this is the new improved datafeed.
6 (six) pips on another provider right now. Gesture of goodwill by GO shouldn`t GO unnoticed.
Has anyone else had this happen recently?.....I am in a trade in the NZUS from last night and this morning my stop is about 60 pips above price..and the trade is closed out at about 0740hrs...at stop level, with no price move shown on chart. I spoke to GO who explained that in low liquidity periods (like pre Asia) the bid/ask can widen hugely and that what happened was that the ask price spiked up and took me out. They have reinstated the trade...and perhaps technically they didnt have to.....but...this is very concerning...especailly as this is the new improved datafeed.
Technically they didnt have to ?
If Gomarkets pricemakers dont have a NZD feed because their supporting banks arent quoting yet the interbank market hasnt changed, there would be a stewards.
The biggest gripe about fx brokers is identifying the highs and lows in which stops or profits are hit.
Finally one broker has seen the light and has decided to use a wholesale broking platform for those highs and lows and no execution will be done above or below that.
gesture is not un noticed....and it was not 60 'pipettes' it was 600+ pipettes..ie I am not talking about the last decimal place.
Stormin_Norman
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how much was the trade away from the SL at the time? 60 pips?
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Yes, I would also be interested to know when this is likely - hopefully PR can give a bit more info!
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I am aware of the trade mentioned above. As I understand it NZDUSD had a couple of spread spikes earlier this morning. As our feed is not 'smoothed' it is very honest and just gives exactly what comes through. All the NZD pairs are prone to these kind of price actions early in the morning, after NY close. When there is no explanation for a spike of coure we are able to reinstate/fix trades as we have done here.
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Well, we are currently testing a few feed options for indices. However we want to ensure that the feed is 100% spot on before we release it. Hopefully we are only talking about a few weeks.
Hi Norman
The transaction was deleted when the trade was reinstated so I can only go by memory. It occurred at around 740 am our time...1940 Go's time.
The SL was about 0.72250 at about 1940 on Go's clock. The 5 minute bar at 1940 opened at 0.71754..that is about 60 pips.
Unfortunately it has happened again in the same trade this time with SL at 0.71578 while the high of the 5 minute bar at the time (0135 Go time) is still some 30 pips below that level.
This time Go were not willing to reinstate the trade citing market volatility on that pair..and describing this as simply a characteristic of the price feed on some pairs at some times.
this stop out meant that I was not in the trade when it reached my final profit target.
Not sure what the moral of the story is
Maybe Chris would like to have some input here?
The transaction was deleted when the trade was reinstated so I can only go by memory. It occurred at around 740 am our time...1940 Go's time.
The SL was about 0.72250 at about 1940 on Go's clock. The 5 minute bar at 1940 opened at 0.71754..that is about 60 pips.
Unfortunately it has happened again in the same trade this time with SL at 0.71578 while the high of the 5 minute bar at the time (0135 Go time) is still some 30 pips below that level.
This time Go were not willing to reinstate the trade citing market volatility on that pair..and describing this as simply a characteristic of the price feed on some pairs at some times.
this stop out meant that I was not in the trade when it reached my final profit target.
Not sure what the moral of the story is
Maybe Chris would like to have some input here?
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I know the exact trade in question, but for privacy policy reasons I obviously have to be limited with the information I can give.
At the time of this trade (01:35 server), it would have required a a spread of around 18 pips. Now I know this sounds a lot for NZDUSD, but if you take a look at the chart (which obviosuly only shows bid sideprices) at this time, you can see this minute had quite abig movement. Also, factor in the somtimes illiquid nature of the NZD in the morning and the crazy volatility that there has been so far today and it is understandable to see such movements.
As I said above, our feed is unsmoothed to give greater accuracy (I know this may not always look good at first glance), and whilst you may see a different broker only showing a smaller spread, you may struggle to actually get the price they quote. With no dealing desk and no requotes etc trades can only ever be executed on the prices we get through from our feed provider. If prices are clearly wrong then we fix them up, but from looking around these prices seem accurate to me.
big difference between seeming and being though Chris for someone just squeezed out of 18 pips --- any possibility of a snapshot replay of the bid/ask quote at the time in question?
Lindsay --- losing 18 pips is a bit of a crapper !
for the record the spike is probably correct but id still like to see the bid ask at the time
curious on the number of liquidity providers GO has on this pair ---- pretty thin considering supply came in fairly quickly on that spike yet still blew out to around 20 pips
if u trade illiquid pairs and use 'in market' stops, u r gona get nailed ocassionally unfortunately
