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GoMarkets Discussion

  • #1,881
  • Mar 28, 2011 4:13am Mar 28, 2011 4:13am
Hi, I see that GoM is GMT+2 on the MT4 platform. Is that the timezone used for all historical data?

For example since I trade a breakout system...Do i need to move my indy's back now that London has begun DST? But while backtesting, I used the same block of time for 4 years of data.

???
  • #1,882
  • Mar 30, 2011 8:03am Mar 30, 2011 8:03am
Quote
hi TheSnowman,

NO I don't think they can, that is the limitation. One has to happen after the other, even by a few milliseconds.

Thanks for the heads up on MYFX, will explore.

AlienTrader

I had used similar MQ4 script that use the same function OrderSend(....), it does not work with several MT4 brokers (OANDA, IBFX, GO, ..) BUT it works with FXDD. I believe it has something to do with how each broker set up parameters for their MT4 platform.
  • #1,883
  • Mar 30, 2011 9:05am Mar 30, 2011 9:05am
Quoting pilotui
Hi, I see that GoM is GMT+2 on the MT4 platform. Is that the timezone used for all historical data?

For example since I trade a breakout system...Do i need to move my indy's back now that London has begun DST? But while backtesting, I used the same block of time for 4 years of data.

???
London changes it's time with reference to GMT. GMT is GMT it doesn't change no matter what London does.

If you're trading a breakout of the London open you need to take into account that London is now on GMT+1
  • #1,884
  • Mar 31, 2011 3:44am Mar 31, 2011 3:44am
GO Markets, or any one, how do you force a manual update of data?

This is only on EUR-USD data from what I can see, and on 5 minutes chart, recently opened demo account, real account is OK, using same platform, any suggestions?

Thanks, John
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Canadian by birth Australian by choice
  • #1,885
  • Mar 31, 2011 4:12am Mar 31, 2011 4:12am
Quoting TheSnowman
GO Markets, or any one, how do you force a manual update of data?

This is only on EUR-USD data from what I can see, and on 5 minutes chart, recently opened demo account, real account is OK, using same platform, any suggestions?

Thanks, John

Hi TheSnowman,
I’m not sure whether this is what you're looking for. Have a look and give it a try or wait for Chris to reply.
http://www.youtube.com/watch?v=P6O-CdnAuPU
  • #1,886
  • Mar 31, 2011 4:25am Mar 31, 2011 4:25am
Quoting TheSnowman
GO Markets, or any one, how do you force a manual update of data?

This is only on EUR-USD data from what I can see, and on 5 minutes chart, recently opened demo account, real account is OK, using same platform, any suggestions?

Thanks, John
Right click and refresh?
  • #1,887
  • Mar 31, 2011 6:56pm Mar 31, 2011 6:56pm
Quoting TheSnowman
GO Markets, or any one, how do you force a manual update of data?

This is only on EUR-USD data from what I can see, and on 5 minutes chart, recently opened demo account, real account is OK, using same platform, any suggestions?

Thanks, John
Hi, this is a strange problem on MT4 that I have seen from time to time. It usually occurs if you havent looked a particular chart for an extended period. I get it quite regularly when I login to other broker's platforms and there is a major gap.

I havent yet managed to find a way to fix it other than to upload historical data into the history centre. If you give me your email address I can send you the 5 minute EURUSD data that I have to upload.

Thanks,
Chris
  • #1,888
  • Mar 31, 2011 6:58pm Mar 31, 2011 6:58pm
Hi Guys,

Just a quick one - I will be in the European office next week so if you ask questions during Australian hours you may get a slower reply, although I may ask someone else to keep an eye on things for me.

Cheers,
Chris
  • #1,889
  • Apr 1, 2011 3:07am Apr 1, 2011 3:07am
Hi Chris, I saw another broker that states they have no dealing desk, they offer fixed and variable spreads. Could GoMarkets also do what your competitor is doing, offering a choice, this would stop all the people who complain, well actually it most probally won't, but if GoMarkets offer a choice there complaint is not really valid. I hope this could be an option because like i said it is offered by another broker that states they have no dealing desk.
  • #1,890
  • Apr 2, 2011 1:54am Apr 2, 2011 1:54am
Quoting GoMarkets
Sorry for the delay in getting a response to you. At this stage it has been decided that 50% is a suitable level for the margin call. The higher it is the less change there is of an account going into negative in the case of a gap over a weekend or, to use a more recent example, a situation such as yesterday. Unfortunately a few clients will have gone into a negative balance in times of a gap or huge movement, but the higher the margin call percentage, the less change of this happening. If it was lowered to 30%, whilst it may not always result in...
Hi Chris,

Just wondering what the procedure is exactly if due to weekend gap a live account goes into greatly negative balance? how exactly is that settled? does Go markets cover the loss? I didn't see any information about this on the website, i'll take a look in the legal documents
  • #1,891
  • Apr 4, 2011 1:34am Apr 4, 2011 1:34am
Hi Chris, enjoy your time in Europe. Working holiday?
Good Trading
  • #1,892
  • Apr 4, 2011 1:56pm Apr 4, 2011 1:56pm
Quoting GoMarkets
Do you mean the dollar index? Currently I don't think we have any plans for that.
How about now? Surely with all the feeds, someone would have it? Many other MT4 platforms are able to chart this
Canadian by birth Australian by choice
  • #1,893
  • Apr 4, 2011 7:11pm Apr 4, 2011 7:11pm
How is this useful compared to just trading the Euro?
Good Trading
  • #1,894
  • Apr 5, 2011 11:57am Apr 5, 2011 11:57am
Hi GoMarket,

As you mentioned at #252 page 11 Apr 16, 2010 12:32am

A guy asked this"

Yes download actual gomarket tick data from your site instead of through the mt4 platform which gets it from the metatrader site. If you could do that I guarantee you would have the majority of mt4 customers anywhere as the only broker that does it currently is dukascopy and they get a lot of customers because customers can test their strategies on their live tick data.

Regards,
Jeff
"

you answered"
I don't see any reason why we cannot do that. I will chat to the website team, but in reality I don;t know why we wouldn't be able to get this online within the next week."

I just wonder where we can download the tick data for backtest now? I still can't find the download link on gomarket's website. I'm a customer with gomarket at the moment while I'm tired of downloading data from other broker for backtest. Any idea?

Regards

Yan
  • #1,895
  • Apr 6, 2011 12:42pm Apr 6, 2011 12:42pm
Just traded this broker for a while and want to make some reviews :
- Fast execution
- Very amazing spread on EU from 0.3-1pip
- Sometimes they wide spreads , but no problem since this is reliable and didn't happen regularly .
- Great mobile platform for iphone and very easy to use
- SUPER support , 24/7 and always get best answer within minutes , I love this type of support than any broker I used
- They work professionally as they're regulated in AUS and it make you can trade without worrying anything
- Today I tried to made a withdrawal request , after 8 hours , I got 2100$ in my bank .....I must say that this is fastest bank wire I have ever used , most of brokers or any service delivery funds to my bank within 3-5 days .

In sum up , if they don't charge quite high 3% on credit card deposit , GoMarket is my dreamed broker
Thanks all
  • #1,896
  • Apr 6, 2011 1:27pm Apr 6, 2011 1:27pm
I've been with them live for 4 months now

- Fast execution - Agree
- Very amazing spread on EU from 0.3-1pip - Totally agree, lately London session average has been < 1 pip
- Sometimes they wide spreads , but no problem... - Agree, spread can go very wide, but this is not such a problem for me, my exposure time is very low, about 2% of market hours
- Great mobile platform for iphone and very easy to use - Never used it
- SUPER support , 24/7 and always get best answer within minutes...- I disagree, live chat support is poor, email support is fine, just replies always take 12 hours longer cause i'm the other side of the globe
- They work professionally as they're regulated in AUS... - Agree

...if they don't charge quite high 3% on credit card deposit... - Agree, funding/withdrawing could be better, especially for overseas transactions.
Thanks all
  • #1,897
  • Apr 7, 2011 9:18am Apr 7, 2011 9:18am
Quoting kyaky
Hi GoMarket,


I just wonder where we can download the tick data for backtest now? I still can't find the download link on gomarket's website. I'm a customer with gomarket at the moment while I'm tired of downloading data from other broker for backtest. Any idea?

Regards

Yan
Hi,

As I mentioned to you all last week I am currently in the Netherlands office, so I may have been a little slow to reply - apologies for that!

We were talking about the back tests only last week in the office, and to be honest, the reasons they are not available through our site any longer is because of the fact that we had very little uptake on the data. The statistics showed us that only a handful of people actually used the data, and it is a very time intensive to continue to offer.

We can potentially provide data on request, but depending on the pair and the time period we may not always be able to offer huge amounts of data - feel free to PM me with your requests though!

Thanks,
Chris
  • #1,898
  • Apr 7, 2011 9:23am Apr 7, 2011 9:23am
Quoting neild1971
Hi Chris, I saw another broker that states they have no dealing desk, they offer fixed and variable spreads. Could GoMarkets also do what your competitor is doing, offering a choice, this would stop all the people who complain, well actually it most probally won't, but if GoMarkets offer a choice there complaint is not really valid. I hope this could be an option because like i said it is offered by another broker that states they have no dealing desk.
Hi,

Obviously I couldn't comment on how other brokers make their money and they may have no dealing desk and offer STP. I can however give an example - if a broker offers a fixed 2 pip spread and you do a trade at the time when the market is quoting 3 pips, if that is hedged directly, the broker is losing 1 pip by accepting your trade. That doesn't seem to make sense to me.

I am not saying that brokers who offer it are doing anything wrong, as each broker will have different agreements with their hedging providers.

The short answer is that with our current setup and hedging agreements we will not be able to offer fixed spreads.

Hope that helps.

Chris
  • #1,899
  • Apr 7, 2011 7:47pm Apr 7, 2011 7:47pm
Quoting GoMarkets
Hi,

Obviously I couldn't comment on how other brokers make their money and they may have no dealing desk and offer STP. I can however give an example - if a broker offers a fixed 2 pip spread and you do a trade at the time when the market is quoting 3 pips, if that is hedged directly, the broker is losing 1 pip by accepting your trade. That doesn't seem to make sense to me.

I am not saying that brokers who offer it are doing anything wrong, as each broker will have different agreements with their hedging providers.

The short answer is that with...
Thanks Chris for your answer, even though the other Broker offers it I still think GoMarkets is the best solution for me as you are regulated by the Australian authorities, and you did mention that you no longer use the feed from the provider who has caused the problem for a few traders.
  • #1,900
  • Apr 10, 2011 7:37am Apr 10, 2011 7:37am
Hi All,

I have traded with Go for a while....using various systems.

On one news release i loggged the spread on EURUSD go to 196 pips...for 1 tick...!!!! Surely this is to hit peoples stops?

Also at about 10pm (roll over) ... there spreads will widen to upto 40 pips!


Other than that i though they were great! If your not a news trader.... and avoid roll over they are probably a very good broker!

Ta

James
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