Go Markets any good for forex?

[PR@GoMarkets]

Go markets currently runs a Straight Through processing model so all trades are passed to liquidity providers so we are not running a MM style at the moment but you are correct in the fact that we will be adding full ECN to our range of services with the new Gotrader pro platform.

More details on this should be released mid Jan

 

[James Austin]

terrific, i look forward to the finer details

Go markets currently runs a Straight Through processing model so all trades are passed to liquidity providers so we are not running a MM style at the moment but you are correct in the fact that we will be adding full ECN to our range of services with the new Gotrader pro platform.

More details on this should be released mid Jan

 

[droland]

Sorry, if this question has been asked before, I just arrived at this forum.

Where is the MT4 server located for Go Markets and who is the recommended VPS provider with the smallest latency factor.

Thank you

 

[Alpha_Bet]

Go markets currently runs a Straight Through processing model so all trades are passed to liquidity providers so we are not running a MM style at the moment but you are correct in the fact that we will be adding full ECN to our range of services with the new Gotrader pro platform.

More details on this should be released mid Jan

With the introduction of ECN will the current STP Platform be maintained. I understood it was. It could be interpreted from the above paragraph that a move to a MM style operation is being considered in the future. I hope this is just me reading too much into your writing.

Regarding range of services, any date for implementation of GOMarkets synthetics on Indexes etc. How are things progressing in this area?

 

[Wysiwyg]

Forex ECN Broker

ECN is an acronym for Electronic Communications Network. A Forex ECN broker does not have a dealing desk but instead provides a marketplace where multiple market makers, banks and traders can enter in competing bids and offers into the platform and have their trades filled by multiple liquidity providers in an anonymous trading environment. The trades are done in the name of your ECN broker, thereby providing you with complete anonymity. A trader might have their buy order filled by liquidity provider "A", and close the same order against liquidity provider "B", or have their trade matched internally by the bid or offer of another trader. The best bid and offer is displayed to the trader along with the market depth which is the combined volume available at each price. A greater number of marketplace participants providing pricing to the ECN broker leads to tighter spreads. ECN's typically charge a small fee for matching trades between their clients and liquidity providers.

 

[PR@GoMarkets]

Just to put minds at rest due to my badly worded sentence.
We are 100% maintaining our same STP MT4 but will also be adding the ECN to our list of services.

With reference to VPS services we don't endorse any but we have many clients who use 'crucial' and they seem satisfied with the results.

 

[droland]

Just to put minds at rest due to my badly worded sentence.
We are 100% maintaining our same STP MT4 but will also be adding the ECN to our list of services.

With reference to VPS services we don't endorse any but we have many clients who use 'crucial' and they seem satisfied with the results.

I realize that you can't endorse anyone but I want to find a VPS servcie as physically close as possible to the ip address of your actual trade servers. I beleive Crucial is in Sydney, not Melbourne. If your trade servers are in Melbourne, then Web24 may be better.

Somewhere I read your servers were in New Zealand. Latency of the VPS to your servers is important for me. Can you please give me the location of Go Markets actual servers.
Thanks.

 

[James Austin]

hello Go,

will ECN access be made available through MT4, for those who wish to continue using it?

thanks

Just to put minds at rest due to my badly worded sentence.
We are 100% maintaining our same STP MT4 but will also be adding the ECN to our list of services.

With reference to VPS services we don't endorse any but we have many clients who use 'crucial' and they seem satisfied with the results.

Hi Droland

My at market orders at Go "stick" for up to 4 seconds nearly every time when trading a cash account.

interestingly, they never "stick" when using demo!

Nevertheless, because of this, a Go consultant advised me that the problem may be solved by using a VPS service.

a long shot, but given you are talking about VPS's, i am wondering if you know, does a VPS increase order execution speed??

thanks

I realize that you can't endorse anyone but I want to find a VPS servcie as physically close as possible to the ip address of your actual trade servers. I beleive Crucial is in Sydney, not Melbourne. If your trade servers are in Melbourne, then Web24 may be better.

Somewhere I read your servers were in New Zealand. Latency of the VPS to your servers is important for me. Can you please give me the location of Go Markets actual servers.
Thanks.

 

[droland]

hello Go,

will ECN access be made available through MT4, for those who wish to continue using it?

thanks




Hi Droland

My at market orders at Go "stick" for up to 4 seconds nearly every time when trading a cash account.

interestingly, they never "stick" when using demo!

Nevertheless, because of this, a Go consultant advised me that the problem may be solved by using a VPS service.

a long shot, but given you are talking about VPS's, i am wondering if you know, does a VPS increase order execution speed??

thanks

A good ECN with good liquidly should close trades very quickly. Period. Exotic pairs at very low volume times may take a few seconds.

By connecting MT4 through the internet, the distance between your computer and the Dealers server can cause a huge latency between server and client depending on a number of factors.
How many bounces does it have to make through interim servers to reach the server.
How fast are those interim servers and/or how busy etc.
Also remember that everything is doubled. The server has to send a tick to your computer, your EA makes a decision to enter or exit a trade and then sends an order via the internet to the server to be processed.
This is not so important on long term trades but it is crtical for scalping and short term trades.
This is even more critical if you are trading large volume EA's like FapTurbo. If your latency is several hundred milliseconds versus someone who has a VPS next door to the server running 10 to 40 milliseconds, they are going to get their trades way before the masses.

The bottom line is get the fastest computer with the fastest connection (lowest latency between server and your computer or VPS provider). Every extra pip earned over hundreds or thousand trades per year is huge money.

If Go Markets was really advanced, they would offer their clients VPS service in the same building as their servers like other brokers such as FXCM. That would make them great.

Failling that, I want to know where there server really is so I can find the closest VPS provider.

 

[PR@GoMarkets]

Go Markets servers are held in Auckland with a very secure co-location and we also have additional data centres elsewhere.
New data centres and backup servers are to be installed in Australia and Thailand shortly in January to cope with demand
a VPS should speed things up but also if a client is scalping and has a delay they may want to arrange a patch test as many many factors can slow down connection. Have a look at the Metaquotes forums as there are lots of discussion boards regarding speed etc.
We choose not to have our own VPS for clients as that can cause a conflict of interest between us and the client so we prefer this to be seperate i.e if our VPS system fails or isnt maintained correctly then this could be catastrophic for clients and for GO.
One strange thing that was mentioned is that someone experiences differences with demo and live speed. I will say this once more the demo is simply a slave terminal to the live so there should be no difference whatsoever in fact the demo should technically be a touch slower. If you are experiencing differences then i would call in to arraage a test.

 

[James Austin]

Hi Go

i am not trying to be antagonistic when i day the demo is instant and my cash account is delayed by up to 4 secs. this is my honest experience. i wish you could look over my shoulder and see this for yourself.

i have had a patch test done, apparently, but no one has come back to me to tell me the results.

my trading preference is to use limit orders, so the delay is not driving me bonkers, but i would prefer no delays on at market orders in case i have a need for them

One strange thing that was mentioned is that someone experiences differences with demo and live speed. I will say this once more the demo is simply a slave terminal to the live so there should be no difference whatsoever in fact the demo should technically be a touch slower. If you are experiencing differences then i would call in to arraage a test.

 

[PR@GoMarkets]

Sorry I know who you are now , I will chase up your patch test , we had a chat at length the other week.
Im filling in for Chris on this forum while he is on annual leave.
I will email you the results or have Chris get back in touch with you when he returns, did you take my advice and do a complete reinstall?

Cheers

 

[James Austin]

i havent done the reinstall yet, but will most likely give it a go once i figure out how not to lose my templates and settings.

this is probably easy for most, but i'm not tech savvy

regards

Sorry I know who you are now , I will chase up your patch test , we had a chat at length the other week.
Im filling in for Chris on this forum while he is on annual leave.
I will email you the results or have Chris get back in touch with you when he returns, did you take my advice and do a complete reinstall?

Cheers

 

[PR@GoMarkets]

No problem,
If you need any help please call.

 

[CFD]

I will need to do a re install, and follow how to back up indi and templates.
But how do I back up Profiles and other preferences/settings?

 

[sinner]

Your indicators are located in C:\Program Files\GoTrader 4\experts\indicators, your templates in C:\Program Files\GoTrader 4\templates. Simply copy the files you wish to save to another location and copy them back to the newly installed directory once you're done (be sure to grab the .mq4 rather than .ex4 for indicators if you've got them).

I don't know about other settings, sorry.

 

[PR@GoMarkets]

Hi guys and gals, Happy New Year!

I was away for christmas, so I may not be up to speed on any issues that you guys have, so if I can get you to ask again if needed...

James Austin - did you manage to get your issue sorted yet?

 

[kbp]

Re: Go Markets any good?

The spreads widened a bit... pissed me off trading smaller lots to start off... but came back one pip the last few days.

One bug I have is their internet connection dropping out, often at least a few times a day, and reconnecting a few seconds or half minute later. Is this normal? At first I thought it may be something to do with relogging in when other exchanges came on line ... but figure that aught to be done seemlessly.

Anyone else getting dropped out or is it my internet connection/service?

Now I've experienced the same thing.

The spread is always > 2.5pips on AU during last 2 weeks.
For instant, I've just checked oanda is 1.8pips spread and GO is 3pips spread. This is too bad for scalpers (includes me).

Connection: it takes about 1 sec to close a trade but it takes 6-10 seconds to execute a trade. Too long IMO.

 

[James Austin]

Hi PR

i have reloaded the platform, have only taken 2 at market trades since doing this, they went through without delay.

But i want to put through more at market trades before drawing final conclusions.

will come back to you if the execution is delayed at all

thanks
JA

Hi guys and gals, Happy New Year!

I was away for christmas, so I may not be up to speed on any issues that you guys have, so if I can get you to ask again if needed...

James Austin - did you manage to get your issue sorted yet?

 

[PR@GoMarkets]

Re: Go Markets any good?

Now I've experienced the same thing.

The spread is always > 2.5pips on AU during last 2 weeks.
For instant, I've just checked oanda is 1.8pips spread and GO is 3pips spread. This is too bad for scalpers (includes me).

Connection: it takes about 1 sec to close a trade but it takes 6-10 seconds to execute a trade. Too long IMO.

Hi,
6-10 second is to long and not usual , maybe takes James Austins advice and reinstall.
As for the spreads the last 2 weeks has been very illiquid due to festive season which is out of our control but all should be coming into line now.