GoMarkets Discussion | Page 195 | Forex Factory

Options

Go to
Permalinks
Print Thread

Similar Threads

Share your experience with GoMarkets.Aud 3 replies

IC Markets, CLM Forex, GoMarkets and Directfx? 0 replies

lower speads between oanda MT4 & gomarkets 0 replies

Opinions on FxPrimus, GoMarkets vs Alpari UK 23 replies

feedback/reviews of GoMarkets? 5 replies

Attachments: GoMarkets Discussion
Exit Attachments

GoMarkets Discussion

  • #3,881
  • Nov 19, 2011 3:36am Nov 19, 2011 3:36am
I remember maybe 500 or so posts ago there was possible issue with too much tick data coming in and it was possibly freezing up clients mt4 during volatile periods. So it could be possible that GoM had the LP reduce the # of ticks coming though to the platform for the end user.

additionally, the mt4 platform still has 200ms-300ms delay from the time the order is sent to the time the order is filled and reported back, even if your vps is right next to the trading server. The same is true when you are closing positions, which is why you can only close 2-4 positions per second. This is mt4 limitation as far as I know. But mt5 a closeall or offset per pair would be much faster, as you can closeout your net position with 1 trade.
Measure trends automatically with zero lag
  • #3,882
  • Edited 6:19am Nov 19, 2011 5:35am | Edited 6:19am
Quoting jeanlouie
I see what your point is, that the charts appear the same so no fuss, but whats the chart tick volume? How many prices in bid and ask are coming through?

At GoM the tick volume for that period was a low of 36 to a high of 67, with an average of about 50. So that's less than once a second price changes. At my IBFX demo, for that period the tick volume had a low of 56, high of 156 with an average of about 103, so that's twice as many prices coming through, twice as many opportunities to be filled.
Sorry Janlouie, I've the defect to think that all users have the same "eye" that I've.
I see the two charts totally different.
The first show a mid-high level of quote filtering, the second is the Gomakets chart that show a low level of quote filtering.
So by my point of view Gomarkets quotes are almost good.
Not excellent but good for "normal" trading.
  • #3,883
  • Nov 19, 2011 5:43am Nov 19, 2011 5:43am
  •  onu
  • | Joined Feb 2006 | Status: superior senior member | 746 Posts
Quoting ozmacca
Synergy in Sydney, I only have a demo with them, I actually think they have too many but to me it highlights why we are getting slippage with GO. The price is waiting for a big move and spiking through the trade price.

The spread is slightly less than GO, usually about 1.5 on EU but GO used to offer better than that as its standard spread.

I really don't want to have to open new accounts etc but GO really is making life difficult for scalpers.

As shown in my other post, to have a cost of 4.4 pips a trade during the London morning session...
Dont even think about to go live with these ignorant and arrogant scambags. The worst experience regards the clueless customer support I ever made. Their platform wasn't even ready for EA trading.
  • #3,884
  • Nov 19, 2011 8:57am Nov 19, 2011 8:57am
Quoting positiveday
Sorry Janlouie, I've the defect to think that all users have the same "eye" that I've.
I see the two charts totally different.
The first show a mid-high level of quote filtering, the second is the Gomakets chart that show a low level of quote filtering.
So by my point of view Gomarkets quotes are almost good.
Not excellent but good for "normal" trading.
Oh my bad, thought you were trying to say that there's not much of a problem at all, not that there is a problem but just not as big. Obviously there is a difference in tick volume with Gom and other brokers, I raised this issue a while ago with the difference in volume of tick data being received, it's such a big difference, and those missed ticks are opportunities to get a trade through quicker and tighter.
  • #3,885
  • Nov 19, 2011 7:54pm Nov 19, 2011 7:54pm
Quoting mohan76
May be Gom Old LP was MF global .
Now there's a thought!
Good Trading
  • #3,886
  • Nov 19, 2011 9:43pm Nov 19, 2011 9:43pm
Quoting aud
Now there's a thought!
awaiting my cheque from mfglobal (aus).

had grand total of 84 cents in the acct share price big tip off.....
will go into a frame on the wall.

aussie arm of mfg was still profitable/viable.

was with them from l-quay to broker-one to mfg

good professional operation.
  • #3,887
  • Nov 20, 2011 1:17am Nov 20, 2011 1:17am
Disclaimer: I'm only new to forex trading

I'm an Australian (near Sydney), and most of the time execution with Go Markets seems quite good. Having said that, sometimes it is horrendous and I get Trade Context Busy errors, but I'm guessing it's extremely likely because I mostly trade from a 3g wireless aircard.

As far as service, Go Markets have been great for me so far. I mainly prefer them because they're local, so support is in local hours, and their support seems good.

I can't comment on tick data or anything else though. The fact that they're regulated by ASIC here was another thing which won me over.

Regards,

Mark
  • #3,888
  • Nov 20, 2011 4:29pm Nov 20, 2011 4:29pm
Quoting >Apocalypto<
if you where a serious scalper you wouldn't be using gomarkets.

exicution and spreads on eu and gu have been fine today/tonight.

cheers...........
Why not?

I've been using them and have had no problems scalping before this liquidity provider issue?

Who would you recommend for "serious scalpers" ?
{Promotion Removed}
  • #3,889
  • Edited 4:55pm Nov 20, 2011 4:43pm | Edited 4:55pm
Quoting jeanlouie
MDP is not made for large accounts, it requires liquidity at every price level that there is an ea signal, take this into consideration:

(If anything is wrong please correct)
Average daily fx volume is about 4trillion, spot fx takes up about 1.5trillion, a day.
Per hour spot fx volume is 62.5billion
Per minute is 1.04billion
Per second is 17.36million

Now on the most traded pair, the EurUsd, takes up about a third of all fx volume, so the amount of liquidity averaged out in spot fx, per second (when a signal would pop up and need to be filled),...
This shouldn't be an issue as HFT algos will be on hand to fill the demand no matter how many lots are required. Liquidity attracts liquidity.
{Promotion Removed}
  • #3,890
  • Nov 20, 2011 5:14pm Nov 20, 2011 5:14pm
Maximum spread on AudNzd 130.9
  • #3,891
  • Nov 20, 2011 5:17pm Nov 20, 2011 5:17pm
Quoting leerees
Why not?

I've been using them and have had no problems scalping before this liquidity provider issue?

Who would you recommend for "serious scalpers" ?
Hey,...

Hotspot where the best, but now i would recomend interactive brokers. They offer are a book.

cheers
  • #3,892
  • Nov 20, 2011 5:18pm Nov 20, 2011 5:18pm
Just went to trade AU nearly 4 pip spread yeah right hahaha.
Axis 1.5 mmmm wonder who i going to trade with lol.
  • #3,893
  • Nov 20, 2011 5:22pm Nov 20, 2011 5:22pm
Quoting sutters
Just went to trade AU nearly 4 pip spread yeah right hahaha.
Axis 1.5 mmmm wonder who i going to trade with lol.
it's just off the day's open with goM but I agree GU spread also F%#ked up atm.
  • #3,894
  • Nov 20, 2011 5:26pm Nov 20, 2011 5:26pm
Yeah realize time of day, always used to be fine.
Yeah GU I dont even think about trading it even in the hi vol times now with GO, someone making lots of pips of the spreads thats for sure.
  • #3,895
  • Nov 20, 2011 9:21pm Nov 20, 2011 9:21pm
New record again for today,
Maximum spread on AudNzd 131.7
  • #3,896
  • Nov 20, 2011 10:50pm Nov 20, 2011 10:50pm
rippa, perhaps related to erroneous ticks......but still untradable

.
Attached Image
  • #3,897
  • Nov 21, 2011 1:27am Nov 21, 2011 1:27am
Quoting PeterE
rippa, perhaps related to erroneous ticks......but still untradable

.
Thanks for letting me know I'm not the only one suffering 'erroneous ticks'.
cheers!
  • #3,898
  • Nov 21, 2011 4:29am Nov 21, 2011 4:29am
Hows it looking for other people right about now?
{Promotion Removed}
  • #3,899
  • Nov 21, 2011 10:02am Nov 21, 2011 10:02am
If anybody in Australia or using Australia VPS, could you report recent execute orders time?
  • #3,900
  • Nov 21, 2011 2:38pm Nov 21, 2011 2:38pm
Quoting Sobepro
[color=#676767][color=Black]Well after 2 weeks at my new broker I thought I'd take a peak back here to see if I made the right decision..... all the same huh! 100pip spreads spikes, having to now add "check spread first" before trading to the to do list, no replies on wtf is Go-ing on over at Go, and nubcake still spewing his proGO propaganda all over everyone I see

I have now realized that I can finally trade other pairs not just EU. on go EU is really one of only 2-3 pairs with low spread. My new broker has spreads less then 1.5 on like...
Would you mind to tell us who is your new broker, I am also between a hard place and a rock with Go!
3 traders viewing now