GoMarkets Discussion

IMPORTANT INFORMATION
Changes to GO Trader MT4

Dear Client,

This coming week we will be taking action to prepare our MetaTrader platform for the addition of new products for clients to trade. In doing so, we will be enhancing our price feed through the addition of new liquidity providers, providing you with STP access to even deeper liquidity.

Along with the changes, will come a minor amendment to the take profit and stop loss limit. Commencing from market open on Monday the 2nd of April 2012 08:00 AEST, there will be a minimum of 3 pips (0.0003) from the market price to enter a stop loss and take profit.

This amendment is one that will ensure GO Markets is in keeping with the industry standard for MetaTrader order types, and will also allow for the introduction of additional financial instruments to the GO Trader MT4 Platform for clients to trade. More information regarding the addition of new products to the platform will be arriving soon, so stay tuned.

We have undertaken some initial analysis and can confirm that this will not affect many clients. However, those traders using trading robots / EA’s – you will need to amend your settings to reflect this change.

We are committed to providing the best possible service to our clients, should you require any further information or assistance at all please do not hesitate to contact your account manager directly, or contact support on +61 (0)3 9934 4500

Kind regards,

Client Services
GO Markets

WINNER 2011, 2010 & 2009 – RECOMMENDED FOR FOREX – AFR Smart Investor Awards
WINNER 2011 – BEST FOREX BROKER AUSTRALIA – IBTimes Trading Awards
WINNER 2010 – BEST FOREX BROKER OCEANIA – FX Trader’s Choice Awards

So how can they have very low spreads with inbuilt 3 pips to start with???

So now EURUSD for example goes from approx 0.5 pips to 3.5! Qute extraordinary actually. They way trade it has little impact but really does make me wonder when there are brokers like Pepperstone out there offering great liquidity, spreads and trading deals.
A negative I had with Pepperstone though was depositing one day and still not in my account 3 days later. Because it was a small deposit they didn't give a toss. I recently posted sentinel results showing price spiking opening and closing trades with them also, once again doesn't affectme the way I trade.

the spreads stay the same, it's just the take profit and stop limits which are moving back to where they used to be. At least they informed us of the change, brokers have a habit of changing without notifying the clients

Yeah thats just the min distance you can set stop and limit from existing price thats nothing to me either.
There is another promise of adding liquidity providers etc and now adding more things to trade that wil clog up the system even more, I would be more concerned with getting the things I have now right rather than add more, who knows whats going thru there heads seriously, seems like ppl are dropping like flys and they add more things to trade mmmmm.
Sounds like they need someone with a bit of common sense to me.
Anyway not my prob anymore thank F.

The br0ker I'm using, Armada Markets, allows you to place orders also inside the spread. I'm not getting why Go has 3 pips to start with, do they hate scalpers or what?

If memory serves correct, a while back GoM had to change liquidity provider because of too many tiny orders at the same price ie scalps and scalping eas, the lp at the time had lots of trouble getting fills.

GoM

I have problem to set SL 1649.5 but it keeps displaying "trade context is busy for more than 15 minutes?

What does it mean?

Why I can't SL?

Here's a small thread on FF about that error

And here is the metaquotes page about it

Since it's been 15m, if you haven't already I'd try simply closing and restarting the platform.

Hi GO Markets.

Really finding the servers are extremely slow tonight.

My internet is fine as I tested it on speedtest.net

I was wondering what is the best config to use in the options panel. For example, should I select 'data center auto config'? and also what is the data center?

Should I enable proxy? and DDE server?

How can I correct this. Costing me money with the degree of delay - hopefully there isn't a super extreme move I can't see due to the lag.

Regards,
Ryan

Funny post.. what do you try to show us?? GO as a low or zero spread broker??

So Go provides 0 pip spread on EUR/USD? Is this a scam br0ker or what?

It was just some sort of glitch on the spread watch program. Being only an stp they can't hit a minimum 0 spread, ecn brokers can, I've even seen them do negative spreads.

interesting , any time there was a spread of 0.0 (1/2-1 hours?)

There must have been a problem on Go Markets end. Spreads were zero (on eurusd only) for a while and at the same time there was a considerable feed difference to my other brokers that I really don't think you can put down to just having a zero spread. See attached tick chart that shows the end of the zero spread period.

P

Spreads are better since the new LP... now if they would only fix the execution speed ;'(

http://www.myfxbook.com/forex-broker-spreads

Got this email from Go. Anyone else got this too?
That's it for me.

L-Plate Account Discontinuation

Dear Client,

As we continue to prepare our MetaTrader 4 platform for the addition of new products, we have moved to enhance our price feed through the addition of new liquidity providers. Our new liquidity providers have advised that they will no longer be able to support the minimum nano trade size supported by our L-plate accounts.


As a result we will be moving to discontinue all L-plate accounts from the 1st of May, 2012.


What does this mean for you?
From the 1st of May, 2012 you will no longer be able to open any new positions on your L-plate account. Your account will be set to close only - all open positions will remain open. You will need to close all open positions on your L-plate account by the 1st of June, 2012.

Our customer service team will be happy to setup an additional account for you as a standard account and transfer the remaining balance of your discontinued L-plate account to the new standard account. You can then resume trading on your additional standard account with a minimum trade size of 0.01.

If you would like us to do this for you, please email [email protected] confirming you would like us to proceed. Alternatively if you already have a standard account we can transfer the balance of your L-plate account over, you just need to let us know you would like us to do this.

We have attempted to contact you via phone on many occasions to discuss this with you but have been unsuccessful, and we apologise if this causes any inconvenience to you. If you have any issues with this at all please contact us directly on +61 (0)3 9934 4500 or at [email protected] and we will be able to assist you further to ensure we reach the most optimum solution for you.

If you have already closed your account, or taken necessary action regarding this, please ignore this email.

Kind regards,

I was satisfied with Go Markets.
Unfortunately, I have it elsewhere

What the hell is going on and why is nobody answering? I've contacted customer service twice and got no answer.

I'm using a Martingale strategy and can't close my accounts "just like that", in a few days. I need a couple of months. What can I do about it? Is there some authority so that I can make an official complaint?

Just close out any positions and reopen the same positions on another account... What's the problem?