Trailing Stop – Too Close!?

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10/11/2019 at 9:40 PM #109977 quote

GraHal
Participant

Master

Anybody else ever had this?

Try to set a Trailing Stop on a Manual Trade, as you can see from attached I tried to set the TS at – £1475 (for the sake of this example / Issue), so over 730 points below the tradeprice to go Long.

Then I get the message attached, which you would think is telling me that I need to set the TS at -£20.

Well weird or what??

Any thoughts or comments anyone please?

TS.jpg TS2.jpg

10/14/2019 at 1:49 PM #110144 quote

deletedaccount100622
Participant

New

In my platform is show ts on the stop if setting a trailing stop, your screen shot appears to show a normal stop

10/14/2019 at 1:58 PM #110145 quote

jebus89
Participant

Master

I might be wrong but it says it needs to be at least 10 pips, and ur trying to set it at 9,9?

10/14/2019 at 7:29 PM #110158 quote

GraHal
Participant

Master

jebus89 wrote:

I might be wrong but it says it needs to be at least 10 pips, and ur trying to set it at 9,9?

Where do you get 9.9 from please?

I tried to set the TS at numerous levels between 10 and 1475 … see the red arrowheads on attached.

TS-3.png

10/14/2019 at 8:56 PM #110162 quote

GraHal
Participant

Master

jebus89 wrote:

ur trying to set it at 9,9?

I’ve got it now … it was a joke, right? 🙂

10/15/2019 at 9:57 AM #110180 quote

GraHal
Participant

Master

jebus89 wrote:

ur trying to set it at 9,9?

I woke with how you got 9.9 … (1475.40 – 36.5) / (73 x 2) = 9.86 ??

But with …
Trade Price = 26743.2
Lot size = 2
Min TS distance = 10
I should have been able to set a TS at 26723.2 (20 points below trade price)
I tried to set TS all the way down to 26042 but kept getting the error message in my 1st post above.

My conclusion from my experience (and similar repeated instances) is that IG just do not let us set Trailing Stops at any price at certain times / under certain conditions.

My theory as to why … is that Trailing Stops make it difficult for IG to run a balanced book (as the potential outcome is shifting all the time) so they ban Trailing Stops under certain conditions (time, volatility etc)??

10/16/2019 at 4:53 AM #110309 quote

Pleidian
Participant

Average

I have had loads of experiences like this. Its run like a casino. CFD brokers don’t just make their money from the spread they do everything to maximising your loss,s and minimising your gains. If you could jam your stop up to 1 pip instead of 10, they would make heaps less money on your loss,s.

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