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Go Markets any good for forex?

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There are three "components" to trade volume, all broker and pairs dependent

minimum lots is the smallest position possible;
maximum lots is the largest position possible; and
lot step is the incement between min and max lots.

e.g.

Go markets, EURSUD (logged into demo acct atm, so live acct may be different)
minlot 0.01
lotstpe 0.01
maxlot 10000

so you can buy, 0.01 lots, 0.02 lots, 0.03 lots, ... x * 0.01 lots ... 10000 lots

It doesn't matter if your EA is trading for you, or you're trading manually.

Here is a little script to read all of the MarketInfo() for the current pair with your broker: http://www.wabbit.com.au/tmp/MarketInfo.ex4 I also threw in the account leverage because this is the window where I need it most, but it is also available in the AccountInfo() script previously posted.



wabbit :D
 
wabbit said:
There are three "components" to trade volume, all broker and pairs dependent

minimum lots is the smallest position possible;
maximum lots is the largest position possible; and
lot step is the incement between min and max lots.

e.g.

Go markets, EURSUD (logged into demo acct atm, so live acct may be different)
minlot 0.01
lotstpe 0.01
maxlot 10000

so you can buy, 0.01 lots, 0.02 lots, 0.03 lots, ... x * 0.01 lots ... 10000 lots

It doesn't matter if your EA is trading for you, or you're trading manually.

Here is a little script to read all of the MarketInfo() for the current pair with your broker: http://www.wabbit.com.au/tmp/MarketInfo.ex4 I also threw in the account leverage because this is the window where I need it most, but it is also available in the AccountInfo() script previously posted.



wabbit :D
Click to expand...

thanks for the link and explanation ...

now, what is going on with gomarket, the MT4 hang again ? nothing is happening, no quote on charts
 
do NOT use gomarkets

i rang this morning to ask if their system was ok.

they told me yes, no more issues.

today the connection went down again.

the cost was only about $50 on my two accounts. but i was most annoyed at their message this morning.

i asked for a guarantee problems were solved and they gave it to me. i took their word.

connection fell down not soon after.

i rang and was told that they had been having ongoing difficulties - so why were they claiming it was all resolved this morning?!?!

their warning should have been kept on their main screen and they should have advised me not to trade when i rang this morning.

problems are one thing. bad information is totally another.

when i rang to close trades the reason i was given was bandwidth issues with their ISP. the new data feed ate up all their bandwidth.

HOW AMATEUR! --- run out of bandwidth?! what joke of an operation are they running?!

how can you not have a relationship with your provider regarding such things?

how can u not have a back up plan?

how can u introduce a new price feed and screw it up so badly? wouldnt data allowance be one of the first thing checked?!

lastly when asking to close trades, he couldnt even log into the system himself. so atm i am taking them on their word they will close out trades at the quoted level.

taking go markets on their word. worrying given my experiences this week.

i was a fan. no more.

my advise to other traders is use FXCM when they offer mt4 in oz, or even check out the new ODL backed operator.

give go markets a wide birth. not for their problems as much as their story telling.
 
Excellent advice, pity it had to come to this, but thanks for the warning. This will do a lot of damage to their business
 
Someone sent me an email yesterday telling me that they had a SPI trade on with go and their system closed the SPI 1 hour early. Still on daylight savings time!!

When they rang to close the trade the broker had to agree on a price and close it 2 hours later:eek: in the mean time the market had reopened at the old arvo session time and tripped the stop. But then a phantom order re-entered them and went against them big time!!

Poor guy was sounding a little stressed! and rightly pissed off cus when he called go they said yes yes sorry sorry. will fix it later we are a little busy right now!! :eek:
 
I'll not use gomarkets again.

my other thread got renamed which sucks as my problem wasnt their bandwidth issues as much as their misinformation.

a level of trust is needed with your broker, and if theyre going to spin doctor things they tell you, then i personally cant trade with them.

telling me that the majority of clients are having no troubles, then saying he couldnt currently log into his trade system to shut my account is contradictory.

definitely check out other options before gomarkets and take what they tell you with a grain of salt.
 
got deleted at my request, cause i thought the renamed title: 'bandwidth issues' was a lame and an inaccurate description of my issues with them.
 
Re: I'll not use gomarkets again.

Bobby said:
What happened to that thread :confused:
Click to expand...

Stormin_Norman and I had a disagreement over the title of the thread. I altered it and he said he would rather have it deleted than see the title changed.

In terms of content it was exactly the same post as the one six posts up.
 
Maybe that's the reason why they are changing over to a money making machine, they haven't been able to hire people who know how to run a business.
 
Re: I'll not use gomarkets again.

Joe Blow said:
Stormin_Norman and I had a disagreement over the title of the thread. I altered it and he said he would rather have it deleted than see the title changed.

In terms of content it was exactly the same post as the one six posts up.
Click to expand...

OK thanks Joe,

Lets hope they sort out their problems quickly , I was a happy client .........
 
I nearly ditched Go but have just received an email saying they have sorted out some issues and responded to the clients (prob this forum) feedback.
Hopefully they wont let me down again as i dont want to move to ODL's Axis trader that would be going from bad to worse.
 
Re: I'll not use gomarkets again.

Bobby said:
OK thanks Joe,

Lets hope they sort out their problems quickly , I was a happy client .........
Click to expand...

me too. i thought they were ok. but getting spun has annoyed me.
Dear Client,



We apologise for the recent server issues which have caused platform downtime and disrupted regular trading activity. The intermittent connection problems experienced in the past few days stem from bandwidth issues at our ISP.



If you are still encountering problems connecting to the platform, please use the following server address: gomtlive.dyndns.org:958.



In response to customer feedback we have decided to revert to our traditional popular price feed whilst we complete an upgrade to a more stable, less volatile feed. The spreads will be fixed during the day and will be reduced for the European/US session where liquidity is greater.



We will be offering the new prices to a number of clients for their feedback and initial testing– if you would like to take part in this, please contact us.



In addition to the above notice, we will shortly be launching swap-free (Islamic) accounts. For more details in relation to costs and the setup of these accounts, please contact us.



Once again, we would like to extend our apologies for the disruption in service and appreciate the positive understanding we have been receiving.



Go Markets
Click to expand...
 
In addition to the above notice, we will shortly be launching swap-free (Islamic) accounts. For more details in relation to costs and the setup of these accounts, please contact us.
Click to expand...

:D Carry trade anyone?
This news has got me interested in them again
 

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