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  • #3,601
  • Nov 4, 2011 12:00am Nov 4, 2011 12:00am
There has been a rumor says that the previous LP lose too much money on the GOM's customer.

That means GOM has a high percentage winning rate of their accounts.

I think the damn bank is the root of the evil, they gamble with their customers and finally close the casino due to too many winnning accounts~!
No one wants to be defeated~
  • #3,602
  • Nov 4, 2011 12:17am Nov 4, 2011 12:17am
Hi Chris,

Sounds good, now what about the 2 pip buffer, if you can't remove it how about meeting us half way and making it 1 pip

Quoting GoMarkets
Hi Guys,

I just thought I would give you all a quick update.

As you all know we have had liquidity provider issues over the last week or so. I have just been speaking to our new provider who have assured us we will be ready to go on Monday morning.

I know that the service you have had in the last week has not been what you may expect and we may have annoyed some of you, but with the new LP I can assure you you will see a reduction in spreads and an improvement in execution speed from Monday.

Have a good weekend.

Cheers,
Chris
Money grows on the tree of persistence
  • #3,603
  • Edited 1:23am Nov 4, 2011 12:58am | Edited 1:23am
Quoting jonirrenicus
There has been a rumor says that the previous LP lose too much money on the GOM's customer.

That means GOM has a high percentage winning rate of their accounts.

I think the damn bank is the root of the evil, they gamble with their customers and finally close the casino due to too many winnning accounts~!

or maybe the one is "A Big Broker Goes Broke"-MF Global, what a coincidence...
  • #3,604
  • Nov 4, 2011 2:30am Nov 4, 2011 2:30am
Quoting Callisto
Anyone else see this? News only?

sure got some I'll bet

Yep, I opened that chart and I can see it to, a 140p spike on a 1m chart! And there wasn't even any news concerning the NZD at that time, sure the USD but the other pairs weren't affected like this.
Attached Image (click to enlarge)
Click to Enlarge Name: nzdusd gom spike.gif Size: 24 KB
  • #3,605
  • Nov 4, 2011 2:50am Nov 4, 2011 2:50am
Quoting lchqq

or maybe the one is "A Big Broker Goes Broke"-MF Global, what a coincidence...
GOM has many LPs, Broker and LP are different. LP only affect spread and speed.
No one wants to be defeated~
  • #3,606
  • Nov 4, 2011 2:57am Nov 4, 2011 2:57am
Quoting Callisto
Anyone else see this? News only?

sure got some I'll bet
I see it on gom, but no such spike on my live fxdd. Nasty error by the look of it?
  • #3,607
  • Nov 4, 2011 8:54pm Nov 4, 2011 8:54pm
Quoting mohan76
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")
Not sure if vantage changed their policy again. It's supposed to be 1 pip stops. Doesn't matter to me because I don't trade with stops.

They just announced a vps service. I can only assume for now that it is colocated near their actual trading servers. Otherwise, using a private vps from CNS et al would be preferred.
Measure trends automatically with zero lag
  • #3,608
  • Nov 4, 2011 8:56pm Nov 4, 2011 8:56pm
Quoting nubcake
an EA is specifically an EA and never a script. there are fundamental differences between the two. even though you made this seem to loop infinitely it's still not an EA, and will always be a script. that said, it's probably best as a looping script instead of an EA since, to my understanding, scripts run in their own threads whereas EA's don't and therefore you can't put an EA in an infinite loop (which is required to accomplish what this script does) without locking-up your whole mt4 and instead have to rely on the EA running only once per incoming...
You can put EA in a time loop that may accomplish the same goal.

Initially i used profitkeeper EA as a script an infinite loop, checking acct equity every 0.5 seconds. but when terminal is restarted, you must re-apply script. It was converted into an EA with a time loop that accomplishes the same goal, but can be restarted when terminal restarts and continue where it left off. The tradeoff is that when you use this method, you cannot edit the EA properties once you start EA. You must remove and reapply ea anytime you want to change EA input properties.
Measure trends automatically with zero lag
  • #3,609
  • Nov 6, 2011 4:54pm Nov 6, 2011 4:54pm
Hi Guys,

Some good news for you all this morning.

Our new liquidity provider was installed over the weekend and as such has been taking all trades since the market opened.

Obviously this is good for a number of reasons, one being the improvement in recent spreads and also, perhaps more importantly for some of you the minimum stop and limit distances have been removed. You should now not see any minimum stop requirements on your accounts, but of course if we have missed anything, please let me know!

Hopefully you will all be pleased with our new provider, but of course like anything new, there may be slight teething issues. If there are, we will work on them as soon as required.

Thanks,
Chris
  • #3,610
  • Nov 6, 2011 4:54pm Nov 6, 2011 4:54pm
spread is 2.7 pips, is this normal for this time of night?
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  • #3,611
  • Nov 6, 2011 5:00pm Nov 6, 2011 5:00pm
Quoting leerees
spread is 2.7 pips, is this normal for this time of night?

maybe cause it just opened after the weekend liquidity stuff..
  • #3,612
  • Edited 5:17pm Nov 6, 2011 5:05pm | Edited 5:17pm
Hi Chris,

Thanks for the update, cant wait to see the spreads after london open today

Just ran expat and exe times seem to be back to normal, 250-400ms compared to 3000-5000ms end of last week!!

Cheers!
  • #3,613
  • Nov 6, 2011 5:30pm Nov 6, 2011 5:30pm
Getting average of 2.7 with go right now and 1.7 with my other 2 brokers

This is the new better spreads? This is not the good old tight Go spreads I remember used to be 1.2-1.5

Do we need to change ip of real server or anything to be on the new LP spreads?
  • #3,614
  • Nov 6, 2011 5:42pm Nov 6, 2011 5:42pm
Quoting Sobepro
Getting average of 2.7 with go right now and 1.7 with my other 2 brokers

This is the new better spreads? This is not the good old tight Go spreads I remember used to be 1.2-1.5

Do we need to change ip of real server or anything to be on the new LP spreads?
You do not need to change anything at your end.

The spreads are obviously wider at this time of day. I am not sure where you are, so you may not be aware the US clocks have changed this weekend, so it is effectively one hour less into the market day.

I would suggest checking again later in the day. The spreads will definitely come down lower than those levels, but I am seeing around 2 pips at the moment, which is about right and compares with most similar brokers.

Cheers
  • #3,615
  • Nov 6, 2011 6:13pm Nov 6, 2011 6:13pm
Well at least its <2 on E/U right now, but I have a feeling the 1.3 / no commission days are over
  • #3,616
  • Nov 6, 2011 6:38pm Nov 6, 2011 6:38pm
Many year follower - first time poster here.

Having been out of the market all last week due to the wide spreads, I waited in anticipation for today's open to see how the new LP spread rates would measure up.

Currently I would have to say I'm disappointed thus far. EURUSD spread barely breaching below 2 several hours into the open, and other AUS brokers Pepperstone and Axitrader easily hitting 1.5 on average or less.

Chris, when you say comparable to other brokers, which brokers are you referring too? Because as I see it currently, you seem to have lost the competitive spread rates that have previously attracted many traders like myself to your company.
  • #3,617
  • Nov 6, 2011 7:33pm Nov 6, 2011 7:33pm
1.8-2.2 now, your guys may expect 1.5 or 1.3 but for me avg 2.0 is ok.

I hope GOM can keep doing it.
No one wants to be defeated~
  • #3,618
  • Nov 6, 2011 8:18pm Nov 6, 2011 8:18pm
I have never seen a broker has a such slow speed bank.

It's almost a week before I remitted and it's still not arrived yet...

The local bank told me they sent the fax to AU national bank on last Tuesday monrning.

What a high efficiency!

My remitance to American bank only takes 24 hours to arrive.
No one wants to be defeated~
  • #3,619
  • Nov 6, 2011 8:29pm Nov 6, 2011 8:29pm
Quoting jonirrenicus
I have never seen a broker has a such slow speed bank.

It's almost a week before I remitted and it's still not arrived yet...

The local bank told me they sent the fax to AU national bank on last Tuesday monrning.

What a high efficiency!

My remitance to American bank only takes 24 hours to arrive.
Their EU office funded my account within the hour x)

The spread is deff. better now, lets hope they can restore it to the old ~1.3 pips.
  • #3,620
  • Edited 9:11pm Nov 6, 2011 8:57pm | Edited 9:11pm
Quoting jonirrenicus
The receiver bank is:


And I was told AU bank use BSB code instead of SWIFT code, and definitely GOM did not provide me BSB code. I got it later by online service.

What a frustrating funding process!
edit3 :
Australian banks does not use BSB for non Au$ account as it's open in Foreign currency division instate of branch , BSB only used for Australian Dollar account. bank name and account number is enough , SWIFT code will reduce transaction fee (search fee)
Mohan
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