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GFT & NEWS !!!!!

  • #1
  • First Post: Oct 17, 2006 2:09pm Oct 17, 2006 2:09pm
I interesting on gft but i see that alot of pepole said that it is not good for news trading ...i will not trade the news withe them but i asked any one with them if they delay orders in not very strong news(yellow & orange)....or only red news ..........(sorry for bad english)
  • #2
  • Oct 20, 2006 7:45pm Oct 20, 2006 7:45pm
Quoting HITMAN
I interesting on gft but i see that alot of pepole said that it is not good for news trading ...i will not trade the news withe them but i asked any one with them if they delay orders in not very strong news(yellow & orange)....or only red news ..........(sorry for bad english)
They have a golden rule out from their own mouth:
"Execution can be delayed by a few seconds to several minutes ... as long as needed."

I argued with them about this for half an hour but the bottom line, you cannot argue with someone who has your money! They can even delay withdrawl of funds; it took me 1 week to get my money out from GFT (which I funded via wire) when it only took less than 36hrs with FXCM (which I funded via Credit Card). Who do you think is fair and trustworthy?

I closed my GFT account and moved to other platforms instead.

If you want to trade news with them, either you buy/sell AHEAD of the news and hope your position is right. Dont straddle with GFT as they will surely fill your orders at the peak and when the market has already reversed. FXCM is far better when comparing the two. FXCM may delay the execution, but I still manage to get filled AT MY PRICE (except for a slippage during a very heavy NFP news). GFT will fill you up at the worst price EVERY NEWS!

GFT is 100% not for News Trading but for normal trend trading. But why bother trend trading with GFT? Their spread is large compared to OANDA or even IBFX.

However, if you STILL want to News Trade with GFT inspite of my USD$700 advice, someone suggested to doing Direct Order instead of Market Order or Entry Orders (Stop Buy, Stop Sell)...
  • #3
  • Oct 21, 2006 1:12pm Oct 21, 2006 1:12pm
if i trade the news with gft by using entry limit & entry stop orders befor the news (5~10...min)........will them delay this orders!!!!!

is thy accept my orders can they dont delay activation of (limit & stop orders) in fast market........

i would like gft becouse they have small spread in fast cross pairs .+1:400....

gft spreads ....gbp/aud....15 pipe...................eur/nzd......12pipe.............

fxcm spreads gbp /aud ...15 pipe .................eur/nzd....30 pipe. ...


thank you ...need your openion....
  • #4
  • Oct 25, 2006 8:43pm Oct 25, 2006 8:43pm
I use GFT, and I will say this.

I keep a dozen workspaces open, each with at least three charts. In the past the past-- and I mean-- in the past two years, there has been a consistant problem. When the market got going fast-- like when news was released-- their Dealbook exe would just eat up every CPU cycle and bring my whole computer to a crawl. During these times, ever even when they were moderately busy it was often difficult, if not impossible to, enter or exit a trade.

It was as if their program was coded to keep 30 seperate feeds going, one for each chart, even though I was only looking at three currienceis.

The good news is-- and this is since their last update-- about a month ago-- version 2.8-- this problem suddenly dissapeared.

It took them long enough! What a waste of bandwidth and money for everyone. Anyway, so far, I've been able to trade immediately before, during, and after big news announcements, without any slow down whatsoever.
  • #5
  • Last Post: Oct 26, 2006 1:11am Oct 26, 2006 1:11am
Quoting zozem
I use GFT, and I will say this.

I keep a dozen workspaces open, each with at least three charts. In the past the past-- and I mean-- in the past two years, there has been a consistant problem. When the market got going fast-- like when news was released-- their Dealbook exe would just eat up every CPU cycle and bring my whole computer to a crawl. During these times, ever even when they were moderately busy it was often difficult, if not impossible to, enter or exit a trade.

It was as if their program was coded to keep 30 seperate feeds going, one for each chart, even though I was only looking at three currienceis.

The good news is-- and this is since their last update-- about a month ago-- version 2.8-- this problem suddenly dissapeared.

It took them long enough! What a waste of bandwidth and money for everyone. Anyway, so far, I've been able to trade immediately before, during, and after big news announcements, without any slow down whatsoever.
Zozem, thanks for sharing your experience with the updated version. The computer freezes with the earlier versions were a pain.

So now that GFT have fixed this aspect, are you or others still experiencing slippage during major news with GFT? I don't trade news but am very concerned as to whether a pre-news stop loss would be filled accurately or if I could be exposing myself to a significantly larger loss if a pre-news trade was not yet in profit.
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