Australian (ASX) Stock Market Forum

Go Markets any good for forex?

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Hi,

Well I have done the reinstall but unfortunately no improvement.

I am still getting the "order accepted" box a few seconds after I place an order, whereas in the past it simply processed the order ASAP.

Is this happening to anyone else ?
 
macca said:
Hi,

Well I have done the reinstall but unfortunately no improvement.

I am still getting the "order accepted" box a few seconds after I place an order, whereas in the past it simply processed the order ASAP.

Is this happening to anyone else ?
Click to expand...

Can you give me your IP address and I can get the server admin to run a packet test to make sure all data is getting through to you? I imagine you don't want to do this over the forum, so feel free to call me or email me.
 
PR@GoMarkets said:
Can you give me your IP address and I can get the server admin to run a packet test to make sure all data is getting through to you? I imagine you don't want to do this over the forum, so feel free to call me or email me.
Click to expand...

Macca, has the problem been resolved?
Caribean and ISPIZ, have your trade execution issues been rectified - wherever the problem lay.
I hate sticky tickets.... wouldn't like to think this is the issue here.
 
Hi,

Better tonight, I did not get the "Trade accepted" box, the trades just went through. If it stays like tonight I will be happy, of course if it was to get quicker I wouldn't complain, but no hanging around for seconds while the market moved against me.

Chris, if it reverts to Captain Slow again I will contact you :)
 
Alpha_Bet said:
Macca, has the problem been resolved?
Caribean and ISPIZ, have your trade execution issues been rectified - wherever the problem lay.
I hate sticky tickets.... wouldn't like to think this is the issue here.
Click to expand...

No issue not resolved yet, will test it again tonight and let you know.

On another thing, if you ever do decide to add stock index instrument's, go for the futures if possible, not the cash, like the :ES, YM, FDAX, etc.
It should be possible as FXPRO provides the SIF's without having to charge for it, and the feed is quite reasonable, (trading with FXPRO is definitely NOT)from what I've seen.
As I'm currently trialling another "local" MT4 based broker on stock index, but they only provide the cash, which proves a pain, since a lot of us would like to trade and or enter, exit and adjust orders on the times those cash markets are closed.
I would imagine the majority of your clientèle will not be full time traders, so the futures it will be the way to go, IMHO.
 
Hi guys,

Just thought I would let you know we completed setup of a new data centre last night to further improve connection speed. With the continued growth of our company and influx of new clients, we are obviously keen to keep on top of all IT issues. It is great to have a forum such as this where clients will give me reliable feedback and we can then act on the necessary issues should they arise.

You should now see connection and execution speeds being faster than before.

Cheers!
 
I was suppose to ask, are go markets live server on forex on the go so we can connect via that? From my understanding they have different brokers servers on there. Is go one of them?

thankyou
 
macca said:
Hi,

Better tonight, I did not get the "Trade accepted" box, the trades just went through. If it stays like tonight I will be happy, of course if it was to get quicker I wouldn't complain, but no hanging around for seconds while the market moved against me.

Chris, if it reverts to Captain Slow again I will contact you :)
Click to expand...


Hi macca,

Wow, that's news to me - I always seem to get a "please wait" screen before the order is accepted. Maximum stickiness seems to be about 1.5 sec so far.

I'm new to GO though, ~2 weeks live so maybe that's normal...

Does anyone know how to "ping" the server - i have no idea how to do this? :confused:

Also, just had some strange server disconnections for about 3 minutes tonight ~ 2141 AEST resulting in some gaps on my M1 charts. Never had that before.

Looking forward to introduction of futures - I see a new ad about the new platform - GoTraderPRO - anyone in the know??

Also wondering if existing clients can get the $100 bonus for additional accounts for different strategies?

Cheers,
inspira
 
It's funny (silly) watching spot prices for gold on two platforms side by side. Go Market prices are in 1c increments and jumps around like fleas on a wildebeest while the other provider spot gold price is in 5c increments and remains stable. Due to the 1c increments there is a lag in Go Market prices compared to the 5c incremented price. :)
 
May not be the best thread for it, but I'm looking for a custom indicator for MT4.

All it needs to do is plot a line the lowest low value for n bars. One for the HHV for n bars would be good too :)

Has anyone coded this?? I'm sure its not that hard, but it means learning another language for a dummy like me.
 
inspira said:
Looking forward to introduction of futures - I see a new ad about the new platform - GoTraderPRO - anyone in the know??
Click to expand...

Hi inspira, where did you see this ad for the new platform - GoTraderPRO?
I assumed GOMarkets synthetics would be available on the MT4 platform alongside their FX offering.
 
According to this advertisement they are having a shot at ECN (but I'm not exactly sure). No doubt commission will be charged.

COMING SOON - GoTraderPro
Take your trading to the next level - GoTraderPro will give clients direct access to the interbank market. Spreads will be as low as ZERO pips with no requotes.
Click to expand...

Sorry can't help you with code Shoes, language still loopy to me.
 
Hi, I`m new to Forex and am going crazy trying to find the best broker.

On another forum I was discussing about Go Markets and this is what someone told me:

2. NO DEALING DESK EXECUTION + STRAIGHT THROUGH PROCESSING
Go Markets offer 100% straight through processing with no dealing desk execution. These features combine to give you the best possible execution speeds and prices. All trades are automatically executed at the market price meaning there are no requotes, ever. No dealing desk execution means you will never suffer from price manipulation or stop-hunting

this means that broker is not a market marker, your win isnt his loss. You wont get any requotes, but wont always have the exact same price that was on a chart when you sent your request. Good thing is - sometimes you'll get even better price. STP brokers earn money by getting some percent of the spread which you are paying. But beware - last time I checked, gomarkers wasnt STP broker, just simple MM. Things to check, if the broker is really a STP broker:
- stp brokers dont ever have fixed spreads
- you cant trade microlots
- when you place your trade, you cannot set tp and sl then. You have to modify the trade afrer it's on the market
- you can ask the support who is their liquidity provider, STP brokers should have couple of them.​


so is Go Markets really a STP broker or is a MM?


Then, is the money guaranteed should the firm go upside down?

And what does happen if, because of unprecedent problems or rare disaster, such eartquake, fire or whatever disaster you can think of, or even simple tech problems, their servers are not working anymore and you are left alone in front of a screen with no one to help liquidating your open positions? Is there a guarantee of your losses in such extreme scenarios? I`m sure the broker has all of these things in their fine print and we have seen happening this past year events that not many would think they could happen such Lehamn Brothers or GM go burst.

Thanks anyone
 
To confirm, Go Markets are STP with no dealing desk execution.

Funds are deposited into a client trust account, seperate from our own funds and we also have professional indemnity insurance as per our ASIC requirements. We do have disaster recovery systems in place, but lets hope there is no earthquake or anythign to worry about!
 
PR@GoMarkets said:
To confirm, Go Markets are STP with no dealing desk execution.

Funds are deposited into a client trust account, seperate from our own funds and we also have professional indemnity insurance as per our ASIC requirements. We do have disaster recovery systems in place, but lets hope there is no earthquake or anythign to worry about!
Click to expand...

Define STP?

If you have not influenced the price by shading it ie taking any proportion of the price in remuneration either through stop loss T/P or normal trading activity either by a dealing desk or an algorithm then you are a STP.
A STP will identify itself normally by charging brokerage for its remuneration.
Those who dont charge brokerage have to acquire another revenue stream unless they are a charity.
In Foreign Exchange the only charities that are identifiable are the newbies having a dabble.;)
 

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