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  • #3,541
  • Nov 2, 2011 5:40am Nov 2, 2011 5:40am
does anyone know what sort of spread is typical with GOM, just before FOMC statement (which is due today) on EURNZD?

thanks in advance
  • #3,542
  • Nov 2, 2011 5:45am Nov 2, 2011 5:45am
Quoting windgod123
Anyone has better execution speed < 1 second?

I still see high execution speed around 3-4 seconds...
Execution is always ~ 300 ms, even if you are where i am (UK), provided your MT4 platform is connected to the live trader server and not just the data centre. If you are closer to live trading server it should be even less. The reason you get slow execution speed is because your MT4 platform drops the connection with the live trading server EXACTLY 30 seconds after the last order was placed/ modified with the live trading server, MT4 then reverts to the data centre. To then place a trade MT4 must first connect to the live trading server, this takes about 1 second depending on where you are. I have wrote an EA that maintains the connection with the live trading server, my execution time is never >1 second, provided i am running my ea. If you don't believe me try it for your self, open a demo account, write a little script that logs execution time, and place some trades, you will see that when you wait 31 seconds before placing a new order, execution time will be 1-4 seconds, if you only wait 29 seconds before placing a new order execution speed will be ~ 300 ms. I have had much discussion with Chris about this, and personally concluded the best option was to write an ea to maintain the connection with the live trading server, as a result, my execution times are ~ 300ms, i log this data on every live trade i take
  • #3,543
  • Nov 2, 2011 5:55am Nov 2, 2011 5:55am
Quoting rooicol
Execution is always ~ 300 ms, even if you are where i am (UK), provided your MT4 platform is connected to the live trader server and not just the data centre. If you are closer to live trading server it should be even less. The reason you get slow execution speed is because your MT4 platform drops the connection with the live trading server EXACTLY 30 seconds after the last order was placed/ modified with the live trading server, MT4 then reverts to the data centre. To then place a trade MT4 must first connect to the live trading server, this takes...
that's cool that you came to this conclusion. have you ever checked to see if the list of ip's you are connected to changes during this time window to confirm this? also, how do you go about maintaining this connection? you obviously can't be sending new orders constantly to keep the connection alive... and from this, i wonder if one can't manually preempt the connection by altering the trade history window (unless this only comes from the data center, which is reasonable and likely).
Congratulations ScalaFX for coming out of the closet!
  • #3,544
  • Nov 2, 2011 6:07am Nov 2, 2011 6:07am
I am not happy that the spreads are wider, nor am I saying we should just accept it. I was however trying to point out that gomarkets have stated they are AWARE of the problem and trying to fix it.

Obviously if conditions don't improve I'll leave and I'll gladly come back and admit that I was wrong. In the meantime however I think it's fair to give them a reasonable amount of time to fix the problems before leaving. I believe gomarkets are an honest broker and that this is a genuine issue. The only reason I am defending gomarkets is because they have never interfered with my trades. I've used other brokers such as alpari uk and had nothing but requotes and mad slippage not to mention rubbish spreads.

If gomarkets put the spread to 7 pips then of course I would leave.

If the problem is with the LP then surely that means it's the LP who is making the extra money not gomarkets. However if it is gomarkets profiting then it would be a very nice gesture to issue spread refunds. I for one have lost money.

It would be nice if Chris could give us an update on the issue because obviously people are starting to get restless now.

Quoting elizo
No worries, it won't last. I'm done with them. Apologies for showing my way of thinking. Looks like we all have to think like you or you'll be kind of uncomfortable, doesn't it?



So as more brokers are shitty and are widening spreads, that means that GoMarkets have reduced their "shitty" rating? That's a pretty demagogic way of thinking, but hey... it's your money and you. Why don't you think the opposite, that many brokers are still showing decent spreads?



"I GOTTA SHOW SOME PATIENCE"??? Is it written in any legal body, customer agreement,...
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  • #3,545
  • Nov 2, 2011 6:15am Nov 2, 2011 6:15am
Quoting nubcake
that's cool that you came to this conclusion. have you ever checked to see if the list of ip's you are connected to changes during this time window to confirm this? also, how do you go about maintaining this connection? you obviously can't be sending new orders constantly to keep the connection alive... and from this, i wonder if one can't manually preempt the connection by altering the trade history window (unless this only comes from the data center, which is reasonable and likely).
The data centre you are connected to doesn't change during this time (as seen bottom right corner of platform), "List of ip's" I'm not sure what you are referring to with that. I have used three methods to maintain connection. One works by modifying the tp of a pending buy limit I use at price eurusd 0.0001, it raises the tp by one pip every 29 seconds. Sometimes having this pending order can interfere with other scripts I use, so in that case I use an ea that places, and then deletes, a pending buy limit every 29 seconds. There are easier ways on L-plate account that don't involve placing any orders, but that requires there to be non-tradable pairs, which there aren't any on standard account.
  • #3,546
  • Nov 2, 2011 6:30am Nov 2, 2011 6:30am
Quoting rooicol
The data centre you are connected to doesn't change during this time (as seen bottom right corner of platform), "List of ip's" I'm not sure what you are referring to with that. I have used three methods to maintain connection. One works by modifying the tp of a pending buy limit I use at price eurusd 0.0001, it raises the tp by one pip every 29 seconds. Sometimes having this pending order can interfere with other scripts I use, so in that case I use an ea that places, and then deletes, a pending buy limit every 29 seconds. There are easier ways...
i was referring to i.p. addresses... as in, i would think you would see a new connection during the times you are supposedly connected to the live server. but now that i think about it i realize that the data center is onforwarding from the live server and we never connect to it, so it's a moot point and i'm just tired and not thinking.

which brings to the next point. that's clever altering a pending that is impossibly far from market. i should have worked that one out myself, but i truly am half-asleep and my brain is not working at all. with that, surely you could easily use magic numbers to segregate the keepalive limit order from interfering with your other scripts and indicators and so on. anyway, this is venturing into coding and off topic so i'll stop here.

good stuff though.
Congratulations ScalaFX for coming out of the closet!
  • #3,547
  • Nov 2, 2011 6:34am Nov 2, 2011 6:34am
hey rooicol great find and great idea, any chance you could send me the ea that you use, if these spreads ever come in it will come in very handy.
  • #3,548
  • Nov 2, 2011 6:37am Nov 2, 2011 6:37am
Quoting nubcake
i was referring to i.p. addresses... as in, i would think you would see a new connection during the times you are supposedly connected to the live server. but now that i think about it i realize that the data center is onforwarding from the live server and we never connect to it, so it's a moot point and i'm just tired and not thinking.

which brings to the next point. that's clever altering a pending that is impossibly far from market. i should have worked that one out myself, but i truly am half-asleep and my brain is not working at all....
Yeah, it is still work in progress, and if anyone has some ideas as how to do it better i'd appreciate that, i'll upload a copy of the ea code shortly, i've been meaning to incorporate a magic number into it, but it just takes time, as i will have to alter all my other scripts.
  • #3,549
  • Edited 6:33pm Nov 2, 2011 6:55am | Edited 6:33pm
Quoting rooicol
Yeah, it is still work in progress, and if anyone has some ideas as how to do it better i'd appreciate that, i'll upload a copy of the ea code shortly, i've been meaning to incorporate a magic number into it, but it just takes time, as i will have to alter all my other scripts.
using a far away limit order is probably the most elegant way to do it, so you are probably already on a winner. personally, i would set the limit entry as 100 points. then you could simply set the stop value as 0 (which equates to no stop in mt4, but note that this is not the point here of why i would set it at 0). from that, when you do the update you read the stop value, perform a NOT operation on the value, and then update the order with this new value. this would set the limit on eurusd on gom servers as 0.0001 for limit entry with a stop at 0.0000, then each further update of the stop would set the value to 0.00001, then back to 0, then back to 0.00001. makes for next to no coding and stuffing around with if tests.

edit : i cocked that up.... you need to multiply the resulting stop value by Digits before sending it back to the server as an update.

edit2 : i'm a total retard. i meant multiply by Point not Digits.

create an include file. define a value with some number (the magic number). include this 'include' file in your ea and other scripts etc and have them all refer to the defined value when testing an order for if it is the keepalive order. at some point you will probably start creating a general toolbox of functions that you find yourself reusing over and over (like converting points to pips, or logging text to files etc), so this would be a great place to start with that include file.

it shouldn't take too long to update your scripts. once you have added the instruction to include the 'include' file and then add the code ignore the keepalive limit via it's defined magic number you should be able to copy paste this to a stack of other scripts fairly quick and easily.

so much for me shutting about about coding. my bad.
Congratulations ScalaFX for coming out of the closet!
  • #3,550
  • Nov 2, 2011 7:11am Nov 2, 2011 7:11am
Quoting nubcake
..

just place pending EU sell limit at 2.00 and change tp between 1.00 and 0.50 , do it for 100 lot , if executed it's jackpot
Mohan
  • #3,551
  • Nov 2, 2011 7:25am Nov 2, 2011 7:25am
gonl4: we are currently in talks with the liquidity provider/s to ensure this can be corrected ASAP.
gonl4: Nevertheless, we will next week be launching additional liquidity so you can enjoy even tighter spreads than usual.
gonl4: As a side not spreads on all of our 25 other pairs are very low and at normal Go Markets levels so feel free to trade on those.

the operator typed those words within 1 second, guest after thousands of asking, GoM give an official explaination like that.
  • #3,552
  • Nov 2, 2011 7:54am Nov 2, 2011 7:54am
Quoting mohan76
just place pending EU sell limit at 2.00 and change tp between 1.00 and 0.50 , do it for 100 lot , if executed it's jackpot
Just being pedantic, but the maximum order size on Go is 20 lots, so the order would be rejected.

In other news, I've had enough and opened a Vantage FX account today, where the EU spread has been around 1.3 pips all (Aus) day.
  • #3,553
  • Nov 2, 2011 7:56am Nov 2, 2011 7:56am
Quoting skoda2008
Just being pedantic, but the maximum order size on Go is 20 lots, so the order would be rejected.

In other news, I've had enough and opened a Vantage FX account today, where the EU spread has been around 1.3 pips all (Aus) day.
Do you find Vantage Fx has slow executions?

May I know which VPS do you use for vantage?
Forex brokers real time discount - visit Abundance trading group. com
  • #3,554
  • Edited 9:46am Nov 2, 2011 8:08am | Edited 9:46am
Quoting skoda2008
Just being pedantic, but the maximum order size on Go is 20 lots, so the order would be rejected.

In other news, I've had enough and opened a Vantage FX account today, where the EU spread has been around 1.3 pips all (Aus) day.
yea max 20 lot , Vantage is not bad , stop 3 pip away, also you can find some other aus brokers with 2 pip stops. it's good split your account with 2 or more broker i have account with 6 brokers (spiting the risk and backup. don't trade on all account at once ).

edit : you made me use dictionary ("pedantic")
Mohan
  • #3,555
  • Nov 2, 2011 8:43am Nov 2, 2011 8:43am
The main thing for me looking at alternatives has been to keep my account in AUS dollars. That pretty much limits me to Aus brokers. Go, Vantage, AxiTrader, Pepperstone, PureTrade, any others?

AxiTrader spreads aren't that flash.
Pure trade's demo doesn't even work - that instills confidence!
Pepperstone doesn't even offer BPay as a funding option? Which is just like your local Chinese takeaway that only takes cash - would you trust them with your savings?

That pretty much just leaves Vantage.

Go were great until they started fiddling about with servers (due to expansion I guess) and now the crap spreads are just that - crap. It's time to go (or not to "Go" as the case may be).

@iwillsurvive: too early to tell, i can't judge by the demo, and my real account was only opened today - not even funded yet. I would qualify for their free VPS, but currently have a Crucial Paradigm one that I used with Go.
  • #3,556
  • Edited 9:11am Nov 2, 2011 8:56am | Edited 9:11am
Quoting skoda2008
The main thing for me looking at alternatives has been to keep my account in AUS dollars. That pretty much limits me to Aus brokers. Go, Vantage, AxiTrader, Pepperstone, PureTrade, any others?

AxiTrader spreads aren't that flash.
Pure trade's demo doesn't even work - that instills confidence!
Pepperstone doesn't even offer BPay as a funding option? Which is just like your local Chinese takeaway that only takes cash - would you trust them with your savings?

That pretty much just leaves Vantage.

Go were great until they started fiddling...
INTERNATIONAL CAPITAL MARKETS

http://www.icmarkets.com.au/

http://en.wikipedia.org/wiki/Interna...apital_Markets

same story

Attached Image (click to enlarge)
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OPPORTUNITY IS NOWHERE
  • #3,557
  • Nov 2, 2011 8:56am Nov 2, 2011 8:56am
Quoting mohan76
... i have account with 6 brokers ...
G'day (night) mohan76,
just out of pure curiosity ... are you using all aussie brokers or some others too???
  • #3,558
  • Edited 10:24am Nov 2, 2011 9:29am | Edited 10:24am
Quoting DareXau
G'day (night) mohan76,
just out of pure curiosity ... are you using all aussie brokers or some others too???
i have started with USA broker (australian office), then moved to Australian broker as withdrawal get delayed, now my 2 main account Australian Brokers, yes i have live account with 4 Aus brokers (net spread similar [spread - cash back] ) , some time i wonder all 4 brokers inter connected (same technology, similar spread, similar policy, and free myfx ).

my broker theory : any broker can go bankrupt @ any time (recent MF Global) , so split the risk
Mohan
  • #3,559
  • Nov 2, 2011 9:49am Nov 2, 2011 9:49am
Quoting skoda2008
The main thing for me looking at alternatives has been to keep my account in AUS dollars. That pretty much limits me to Aus brokers.
not really lot of USA based brokers (some have Australian office too) offer AUD base account, but it's always best to have account close to home. some broker you have listed offer cashback so calculate net spread .
Mohan
  • #3,560
  • Nov 2, 2011 10:03am Nov 2, 2011 10:03am
Quoting skoda2008
The main thing for me looking at alternatives has been to keep my account in AUS dollars. That pretty much limits me to Aus brokers. Go, Vantage, AxiTrader, Pepperstone, PureTrade, any others?...
Thought I'd chime in.

Here are 14 other brokers that are based in Australia or have an Aussie branch so you can keep an AUD account on the homeland -

Enfinium.com.au which overlooks VantageFx operation and regulation
IBFX(.com.au) got an office in Sydney
Forex.com Aussie susidiary of Gain Capital Holdings which has...
Gain Capital GTX for an ecn option if you got real deep pockets.
Easy-Forex.com
FXCM (forextrading.com.au) got an office in Sydney
GFT.com.au
Aliomfx.com.au
Gotmoneyfx.com.au
Alphabroking.com.au
Forexfs.com
Fxsolution.com.au
Halifax.com.au
Igmarkets.com.au

The best brokers in my opinion for sub 100k Oz trader are the ones you mentioned; GoM, Vantage and Pepperstone, and to be fair I'll say good and bad points for each -

At the moment Pepperstone is looking pretty good, having a low min deposit with ecn (but with large .7pip commission round turn) on a optic fibre network to liquidity pockets in Wall Street. But they've been around just about a year (their ACN was registered October 2010) and don't seem to have any desire to make any presence with the trading folk which is worrisome and haven't won any awards. GoM and Vantage are pretty much the same sorta broker, Vantage started Dec 2009 and lacks trader involvement, while GoM had already been around for 3 years and come a long way, they both (normally) offer the same stp spreads, both won awards, and GoM with their daily market updates with video clips and the facebook and twiiter feeds gives the impression that they are quite future orientated to stay in the game and keep improving, and that's on top of the contact and info they provide here on FF about a new LP and going ecn after...but the liquidity problem at the moment is right up there with hemorrhoids as a pain in the butt!
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