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GoMarkets Discussion

Well it's been almost 3 weeks now with no word from GoM here on FF, maybe they/Chris have ditched this forum endeavor?

Despite the high hopes for Goms newer LP, the spreads still lag Vantage which I always use as a comparison as they're another oz stp broker, I also minus the .8pip rebate Gom gets from it's otc derivatives provider, and compare to ecn brokers spread, I know all brokers have advertising BS about competitive spreads and great trading conditions, but it's usually lackluster.

Last I spoke to Gom on live chat about the future ecn, they said they have to complete the current problem - they are still working on issues on the mt4 platform that affects the spreads...why on earth would their mt4 have issues affecting the spread is anybody's guess...in the pds the spreads are quoted by their otc derivatives provider and determined by estimates of interbank spreads, the size of your trade, frequency of trades, expected interest rates, so maybe they're working on a super...really anybody's guess of what they're up to.

Although this is my first post to this forum, I have been a long-term reader, as well as a client of Go Markets since its early days. What has prompted my first post is this morning's 100+ pip gap on the AUDUSD and the blowout of the spread to close to ten times its average.

I have live and demo accounts with Go, running 24 hours a day while the markets are open (with no period without trades on either account). Except for momentary blips the spreads from Go's demo and live servers are identical.

Go Markets states their "price feed is aggregated from leading banks and institutions" - note they don't say 'averaged'.

A simple average (or mean) for a single tick would be the sum of the individual AUDUSD spreads from each of the feeding institutions for that tick divided by the number of institutions that constitutes the feed.

There are other ways Go could arrive at their final spread, median or mode calculations and either weighted or unweighted amongst them, but without it being privy to their calculations, we'll just call it a 'black box'.

For the moment, let's leave aside how the calculations are made and ask, what makes the spread on the demo server remain at its average and on the live server jump by a factor of 10 on open?

Since the norm is that the live and demo server spreads move in very close to unison, I hypothesize that any major divergence of the live server spread away from the demo server spread must be as the result of a concious and deliberate action.

There are many reasons, some of which are quite valid, that have been quoted by brokers as to why the spreads blowout, but in my experience and the reading of others experiences, it appears most of the time they simply pass the 'blame' onto the institutions which provide their data feeds.

While I readily acknowledge in most cases that a blowout (or any spread movement, for that matter) comes about by the combined actions of the institutions that provide the combined feed, I believe there is a question in such a spread blowout and divergence as arose on this morning's AUDUSD open as to whether it was the result of actions before or after the feed was received by Go.

This is not a personal dig at Go, and it could eqully apply to other brokers, I am simply seeking open and educated feedback fom the members of this forum on the situation that arose this morning.
Hello,

Is there someone who use a VPS with good latency to GoMarkets?
I looked for a good vps to them since several weeks...

Currently on my best vps I got a ping of 250 ms...

Kind regards
nivti1,

I am using a Web24 dual core VPS with 1Gb of Ram. It pings the default Melbourne server used by speedtest.net in under 1ms with a download speed between 70 and 75 Mbps and uploads of 68 to 75 Mbps. This obviously differs depending on which server you are trying to ping, e.g. it pings the default Sydney server in 11ms and Brisbane in 19ms.

I can't vouch for the accuracy of speedtest.net, but all the computer techs I know seem to put faith in it. I admit I do not know how to ping the Go Markets server directly. Let me know how and I will post the result.
Quoting HintFX
nivti1,

I am using a Web24 dual core VPS with 1Gb of Ram. It pings the default Melbourne server used by speedtest.net in under 1ms with a download speed between 70 and 75 Mbps and uploads of 68 to 75 Mbps. This obviously differs depending on which server you are trying to ping, e.g. it pings the default Sydney server in 11ms and Brisbane in 19ms.

I can't vouch for the accuracy of speedtest.net, but all the computer techs I know seem to put faith in it. I admit I do not know how to ping the Go Markets server directly. Let me know how and I will...
Without searching back through the posts, I recall a guy who asked about pinging the Gom server and asked for the ip, Gom said they won't give it out on the forum but would be willing to provide it in a private chat, so the ip doesn't get out and is open to hack attacks like a DDos.

So just ask Gom on live chat tomorrow, I think you'll then have the ip of the servers to ping.
Quoting jeanlouie
Without searching back through the posts, I recall a guy who asked about pinging the Gom server and asked for the ip, Gom said they won't give it out on the forum but would be willing to provide it in a private chat, so the ip doesn't get out and is open to hack attacks like a DDos.

So just ask Gom on live chat tomorrow, I think you'll then have the ip of the servers to ping.
err, i don't remember ever reading that gom would provide anyone, ever, the trade server i.p. address. that's just beyond silly! also, for what use does it provide anyone having the trade server address (which is what you are really talking about) ? does the datacenter not onforward the trade orders between your pc and the trade server? is that not half the point of the datacenter?

Quoting HintFX
nivti1,

I am using a Web24 dual core VPS with 1Gb of Ram. It pings the default Melbourne server used by speedtest.net in under 1ms with a download speed between 70 and 75 Mbps and uploads of 68 to 75 Mbps. This obviously differs depending on which server you are trying to ping, e.g. it pings the default Sydney server in 11ms and Brisbane in 19ms.

......
Do you like the quality of that company? do they oversell their resources?
Measure trends automatically with zero lag
Quoting nubcake
err, i don't remember ever reading that gom would provide anyone, ever, the trade server i.p. address. that's just beyond silly! also, for what use does it provide anyone having the trade server address (which is what you are really talking about) ? does the datacenter not onforward the trade orders between your pc and the trade server? is that not half the point of the datacenter?

Well hintfx wanted to ping the server directly instead of the data centre, you're right that the trader deals with the data centre (and he was already pinging the melb dc) which then connects with the server in syd which he wanted to ping itself.

Oh I found the no server ip post I was remembering, almost a year ago post 1525 page 102. Obviously I was wrong to fill in the memory blanks and guess they'd provide it to a client.

Perhaps hintfx, you should get your vps in syd to be closer to the syd dc and server, you can still ping the syd dc.
Quoting jeanlouie
Well hintfx wanted to ping the server directly instead of the data centre, you're right that the trader deals with the data centre (and he was already pinging the melb dc) which then connects with the server in syd which he wanted to ping itself.

Oh I found the no server ip post I was remembering, almost a year ago post 1525 page 102. Obviously I was wrong to fill in the memory blanks and guess they'd provide it to a client.

Perhaps hintfx, you should get your vps in syd to be closer to the syd dc and server, you can still ping the syd...
i too vaguely remember the post you are referring to and i also am filling in the memory blanks. my point is this, who cares what the server ip is? it matters not what anyone's ping is to the trade server. if the dc's handle all the traffic between us and the trade server then the only pings that matter are the ping from us to the dc's, and from the dc's to the trade server.

wanting to ping a trade server from our pc's is pointless, and will never happen for security reasons anyway... but overall is just plain old pointless.

unless my understanding of the mt4 system layout is wrong.
You can use tcpping.exe (google will find it) for servers that wont reply to the usual icmp pings. That should always work.
Quoting HintFX
nivti1,

I am using a Web24 dual core VPS with 1Gb of Ram. It pings the default Melbourne server used by speedtest.net in under 1ms with a download speed between 70 and 75 Mbps and uploads of 68 to 75 Mbps. This obviously differs depending on which server you are trying to ping, e.g. it pings the default Sydney server in 11ms and Brisbane in 19ms.

I can't vouch for the accuracy of speedtest.net, but all the computer techs I know seem to put faith in it. I admit I do not know how to ping the Go Markets server directly. Let me know how and...
Hello HintFX,

Thank you for speedtest : nice and usefull tool!
I know several IP address of Gom servers. to know them it is simple :
( it works for all brokers, and I supposed the broker is XXX ).
Go to XXX mt4 folder then under config folder. There you can see filse like XXX_real.srv and XXX_demo.srv... Edit these files with notepad for example and then you could see 100 or 200 chars further an IP adress pattern like ( for gom lreal-2 ) : 118.127.74.114 or sometime 114.11.146.203
each doubtless for Sidney or Melbourne or San Diego or London datacenter.

What I am looking for is a VPS ( I am located near Paris in France ) which have a good latency, but it is difficult to go manually on all vps likely close to one of Gom servers.

If someone has currently( a good one in the past is not necessarily still good now ) a good VPS to Gom, please let us know which it is.

Kind regards
Quoting shrike
You can use tcpping.exe (google will find it) for servers that wont reply to the usual icmp pings. That should always work.
Thank you for this information!
Quoting HintFX
nivti1,

I am using a Web24 dual core VPS with 1Gb of Ram. It pings the default Melbourne server used by speedtest.net in under 1ms with a download speed between 70 and 75 Mbps and uploads of 68 to 75 Mbps. This obviously differs depending on which server you are trying to ping, e.g. it pings the default Sydney server in 11ms and Brisbane in 19ms.

I can't vouch for the accuracy of speedtest.net, but all the computer techs I know seem to put faith in it. I admit I do not know how to ping the Go Markets server directly. Let me know how and...
Sorry HintFX, I did not understand that Web24 was a VPS provider...
Ok I am looking at them....
Quoting ybfjax
Do you like the quality of that company? do they oversell their resources?
I had used Web24 for 12 months last year. I was sharing the VPS with my trading partner with 2 discrete sessions - one for each of us.

Although generally the service was good and I had no major problems, my partner said he thought he was getting a number of reboots after updates where his MT4 was not restarting automatically - but not everytime. I don't remember this happening to my sessions.

They always advised by email well in advance of any maintenance downtime and it appeared to be limited to outside the trading week.

I let the service expire when there was a major illness in my family and have only just gone back to them after 9 months.

I checked around first for other service providers, but ended up back with Web24 again. They had just moved to a new type of virtual server system and although it has only been one month since the restart, so far I have not had any issues.

Unfortunately, I cannot rate them in comparison to other service providers, as I have not run a VPS through any other provider.

Quoting jeanlouie
Well hintfx wanted to ping the server directly instead of the data centre, you're right that the trader deals with the data centre (and he was already pinging the melb dc) which then connects with the server in syd which he wanted to ping itself.
As for the question of ping times, I also think the bottle neck would be further upline within the confines of the brokerage. Especially when my partner and I have seen news trade execution delayed by up to a minute (and admitted to by the brokerage).

I am more concerned with getting them off my terminal and on their way as soon as possible. Since I can close up to 100 orders simultaneously, the combination of processor speed, RAM and upload speed means at least I don't have a bottle neck at my end. Just like everyone else, what happens after that is outside our control.

I hope this is at least some assistance to you.
HintFX,

do you use milliondollarspips EA on Gom?
Quoting nivti1
HintFX,

do you use milliondollarspips EA on Gom?
No
I had a VPS located within the GlobalSwitch data centre in Sydney which hosts the GoM MT4 trade server and the Sydney MT4 data centre.

Although I got fast ping times to both Sydney and Melbourne data centres, the MT4 client would always revert to connecting to the Melbourne DC rather than the Sydney DC when the MT4 client was set to 'data centre auto configuration'.

The only way to force it to connect to the Sydney DC was to configure it explicitly in the MT4 client server options. However, even then, it still managed to connect itself to Melbourne DC sporadically.

In my opinion, I don't think the data centres and trade server are configured 100% accurately for connecting to each other and there may be other issues as well with firewall and possibly other network configuration points that are not right and are adversely affecting the overall performance & experience.

You may be better finding out who hosts their Melbourne DC and get a VPS provider who also hosts in the same physical data centre.

Regards, Paul.
Quoting pah
I had a VPS located within the GlobalSwitch data centre in Sydney which hosts the GoM MT4 trade server and the Sydney MT4 data centre.

Although I got fast ping times to both Sydney and Melbourne data centres, the MT4 client would always revert to connecting to the Melbourne DC rather than the Sydney DC when the MT4 client was set to 'data centre auto configuration'.

The only way to force it to connect to the Sydney DC was to configure it explicitly in the MT4 client server options. However, even then, it still managed to connect itself to...
explicitly configuration no longer working with gom. search this thread your will find some script keep connection alive
Mohan
Hmm, this is a bit of a worry.
I haven't personally noticed the massive spreads others have, but I'm concerned.

I joined GoMarkets as I'm Australian, and like that they're regulated by ASIC. Can anyone suggest any other brokers that fit this criteria? I'd prefer a broker that doesn't charge commission, as I'm only learning forex and make a lot of trades (although maybe I just need to be more disciplined)..

Maybe VantageFX?
Quoting SYNeR
Hmm, this is a bit of a worry.
~~ Maybe VantageFX?
Here is another one I asked about: http://www.forexfactory.com/showthre...22#post5169522

I thought slippage of 1 to 1.5 pips (from the reply) sounded pretty good!
Good Trading
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