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GoMarkets Discussion

Quoting mohan76
my 2nd account (new) faster than my old ,
did i made money on old account ? before problem yes, after problem lost capital too, but still slow
Very sad, wouldnt it just be fantastic if someone would just keep it honest when supplying fx brokerage. What a huge market exists waiting for this
Quoting M.A.C.Doug
Very sad, wouldnt it just be fantastic if someone would just keep it honest when supplying fx brokerage. What a huge market exists waiting for this
Couldn't agree more.

I think that's what every trader wishes with every broker s/he opens an account with. But somehow, somewhere along the way, something happens to dash our hopes.

Be the exception, GoMarkets!
I dance with chance.
Quoting M.A.C.Doug
Very sad, wouldnt it just be fantastic if someone would just keep it honest when supplying fx brokerage. What a huge market exists waiting for this
i can't blame broker for my loss, i am responsible for my loss , but technical issue influence my temper, temper lead to bad trade. some time i could not able to delete pending order/ move sl to be , safe to say go technical issue contribute 20 % for my loss rest 80% is my stupidity, greedy
Mohan
Quoting mohan76
i can't blame broker for my loss, i am responsible for my loss , but technical issue influence my temper, temper lead to bad trade. some time i could not able to delete pending order/ move sl to be , safe to say go technical issue contribute 20 % for my loss rest 80% is my stupidity, greedy
you cant blame yourself for different execution rates being dependant on your level of success
Quoting onu
Whats about the promised Stop Level reducing?
Hi,

I can confirm that the stop/limit levels will be removed shortly. We are still in talks with three liquidity providers and once those deals are in place the minimum order distance will be no more.

Thanks,
Chris
Quoting GoMarkets
Hi,

I can confirm that the stop/limit levels will be removed shortly. We are still in talks with three liquidity providers and once those deals are in place the minimum order distance will be no more.

Thanks,
Chris
I have printed this and put it on my PC. Next time I miss my entry because of this exceedingly irritating rule I will look at it and say " Chris has promised"

Don't let us down, we have it in writing

PS: What happened to our USDX chart, I thought that was coming as well ?
Money grows on the tree of persistence
Chris,

this question missed , i hope you can answer

Quoting GoMarkets
Hi,

Could be a misunderstanding as we dont care what EA is used. have your friend contact us , we have no problem with trading around news time.

However our Liquidity providers frown upon toxic trading as is the same with most brokers i.e using sniping tools to take advantage of prices that are no longer available in the actual market , they would rather they not be used otherwise clients may find themselves being filled at the genuine price rather than the sniped price.

Thanks
Quoting BlkR
Failed to understand how it is a sniping tool as it would be no different than placing stop orders manually , wouldnt whatever price you allow us to be filled would be at that price?
Mohan
Quoting mohan76
Chris,

this question missed , i hope you can answer
Hi,

We accept all Expert Advisors, but of course we cannot allow trading using systems which benefit from price latency as liquidity providers have no way of hedging those trades.

If your friend is just using an EA, they should contact us as it should be fine.

Basically, anyone who trades in line with our terms and conditions will not have a problem.

Thanks,
Chris
Quoting GoMarkets
Hi,

We accept all Expert Advisors, but of course we cannot allow trading using systems which benefit from price latency as liquidity providers have no way of hedging those trades.

If your friend is just using an EA, they should contact us as it should be fine.

Basically, anyone who trades in line with our terms and conditions will not have a problem.

Thanks,
Chris

first of all he/she is not my friend , just another community member (what ever happen to one member ,will happen to other members soon or later)

actual question was
how it is a sniping tool is different than placing stop/limit orders manually , if price available in market it should filled , otherwise it should filled in market price (if stop order)

reason i have ask this question is , it's sounds like "Gomarket is a Market maker"
Mohan
Quoting mohan76

actual question was
how it is a sniping tool is different than placing stop/limit orders manually , if price available in market it should filled , otherwise it should filled in market price (if stop order)
Hi,

Sniping tools are designed to take advantage of price feed latency. They are deliberately seeking to exploit flaws in systems, not actually trade the market in a fair way. If an order is immediately executed on an 'old' price due to latency before the LP even sees it, it is not possible for them to hedge it creating increased risk.

These systems are deliberately trying to cause issues for brokers and liquidity providers, not trying to trade the market. Systems like these have been discussed time and time again on various forums, so I don't need to get into the conversation and won't go into anything more on it. I will simply say again that if client's trade in line with our T&Cs then everything is fine.

GO Markets do not take on any risk from trades and pass everything on to our LPs, but of course we need to ensure that we are passing on trades to our LP that are genuine, not toxic trading. Once our new liquidity providers join up, then it will change the way orders are processed and may make this a pointless discussion.

Thanks,
Chris
Quoting GoMarkets
Hi,

Sniping tools are designed to take advantage of price feed latency. They are deliberately seeking to exploit flaws in systems, not actually trade the market in a fair way. If an order is immediately executed on an 'old' price due to latency before the LP even sees it, it is not possible for them to hedge it creating increased risk.

These systems are deliberately trying to cause issues for brokers and liquidity providers, not trying to trade the market. Systems like these have been discussed time and time again on various forums, so I don't...

Can you give me an example of a sniping tool that is taking advantage of price latency ?

You keep mentioning sniping tool but say if I was to enter the stop orders manually. Then what will happen ??
Quoting BlkR
Can you give me an example of a sniping tool that is taking advantage of price latency ?

You keep mentioning sniping tool but say if I was to enter the stop orders manually. Then what will happen ??
how many times does he have to say that if you are trading normally then you have no issues? why would a broker give you an example of an EA that does exactly what they don't want you to be doing.... here take this gun, but don't shoot me with it!

if you aren't clever enough to use google to answer your question then you certainly aren't clever enough to use a predatory arbitrage EA, so it's not something you will ever need to concern yourself with.
Forex Trading for the Savvy Beginner
Quoting nubcake
how many times does he have to say that if you are trading normally then you have no issues? why would a broker give you an example of an EA that does exactly what they don't want you to be doing.... here take this gun, but don't shoot me with it!

if you aren't clever enough to use google to answer your question then you certainly aren't clever enough to use a predatory arbitrage EA, so it's not something you will ever need to concern yourself with.
He also mentions that they welcome any EA, I am just wondering how the EA that my friend is using is an example of a "predatory arbitrage EA". Surely Go Markets would of have EA's in the past that have been used as he describes it as a sniping tool so I wanted to know what EA was it and compare it to my fds one. Anyway, don't worry about answering it, I'll let my fd contact you guys when he as been banned from his account
Quoting BlkR
He also mentions that they welcome any EA, I am just wondering how the EA that my friend is using is an example of a "predatory arbitrage EA". Surely Go Markets would of have EA's in the past that have been used as he describes it as a sniping tool so I wanted to know what EA was it and compare it to my fds one. Anyway, don't worry about answering it, I'll let my fd contact you guys when he as been banned from his account
a week ago, right after your first post on this matter, GoM said to have your friend contact them to clear-up any confusion.... and here you are over a week later still meep meeping about crap that isn't even to do with you and which is outside of your knowledge base. how about you don't reply and get your friend to pick up the phone like he should have done a week ago and you just keep on your merry way with whatever you normally do.

some people.
Forex Trading for the Savvy Beginner
  • Post #3,375
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  • Edited Oct 18, 2011 3:13am Oct 17, 2011 9:58pm | Edited Oct 18, 2011 3:13am
Quoting BlkR
Can you give me an example of a sniping tool that is taking advantage of price latency ?

You keep mentioning sniping tool but say if I was to enter the stop orders manually. Then what will happen ??
base on my network/latency knowledge ( i am googling sniffing tool but i could not find free/demo one yet ) i am trying to answer your question with this diagram


edit : nubcake if order not process in house i don't see any advantage on latency
Attached Image (click to enlarge)
Click to Enlarge Name: delay.jpg Size: 81 KB
Mohan
As I understand the last posts GoMarkets send the orders to STP feed, the STP feed fills the orders and then send the orders to the liquidity providers and the liquidity prividers can fill or not the order,so is the STP Feed that at this momment has a problem with high lrecuency scalpers that can send several orders in few seconds.
Please GoMarkets itīs that right?
Quoting Golum
As I understand the last posts GoMarkets send the orders to STP feed, the STP feed fills the orders and then send the orders to the liquidity providers and the liquidity prividers can fill or not the order,so is the STP Feed that at this momment has a problem with high lrecuency scalpers that can send several orders in few seconds.
Please GoMarkets itīs that right?
i am doing lot of reading today

Go receiving Executable Streaming Prices (ESP) Feed [stp feed] from currenex, i don't know much about ESP at this moment [expire time, validity]. practically it's almost impossible to take latency advantage for small retailer (unless crab inter connectivity , 3,4 years back it's easy to do ), at true STP broker order need to full filled @ liquidity provider side. Some STP broker delay our order and try to full fill order locally (exudation delay, save spread for broker ) . as per Chris go route all orders LP.
Mohan
anyone still facing problem with slow execution?
Yep, 1100ms to 1800ms last night


Quoting weechiong
anyone still facing problem with slow execution?
Quoting ny8wolf
Yep, 1100ms to 1800ms last night
About 1 - 1.2 sec for me so same as you but thats pretty darn good compared to most brokers i have used or continue to use

I dont think it is realistic to think that you can get instant execution in an STP world. plus no one really cares unless you are a scalper. I'm more worried about slippage and from what i see in the 18 months i have used GO , there is rarely much slippage. the brokers will get you in one way or another . either take the execution speed and have good fills or use a quicker broker and get slipped or requoted to hell.

one way or another its you vs the broker / market
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