adding a stop loss to a BUY/SELL order

aland · 2018-05-21T16:33:53+00:00

Hi there, I see that when I place an order in proRealTime the buy/sell is sent first and only then is the stop loss added. This necessitates a larger margin as the broker is unaware of the future stoploss. is there a way to grammatically create an atomic action that sends an order with a stoploss instead of these 2 phases? Thanks Alan

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05/21/2018 at 5:33 PM #71023 quote

aland
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Hi there,

I see that when I place an order in proRealTime the buy/sell is sent first and only then is the stop loss added.

This necessitates a larger margin as the broker is unaware of the future stoploss.

is there a way to grammatically create an atomic action that sends an order with a stoploss instead of these 2 phases?

Thanks

Alan

05/21/2018 at 5:50 PM #71024 quote

robertogozzi
Moderator

Legend

I noticed it takes three steps to enter a trade, first the trade is opened, then a SL is entered to modify the order, thirdly a Target Profit is added.

Whenever that happened and I was in front of my PC I could hardly notice a lag between each of them, it is a matter of microseconds and I cannot figure out how this could affect the margin.

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05/21/2018 at 6:49 PM #71027 quote

aland
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Thanks,

if you put a stoploss it lowers the margin

this is especially critical to higher stakes when the margin is very large. a stop loss reduces the margin alot

So it affects the margin because the first call is to buy/sell and the margin is calculated then

adding a stoploss later reduces the margin but if there was not enough margin in the first place the order will not be executed at all.

so the question is: can you create a whole/atomic order including a stop loss and profit and send it to the broker or does it have to have 3 phases

Cheers

05/21/2018 at 7:22 PM #71030 quote

robertogozzi
Moderator

Legend

It has to have 3 phases, I’m afraid.

But I never thought about this before, so someone else may be of greater help.

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05/23/2018 at 10:26 AM #71157 quote

aland
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Roberto,

you mentioned that you see this information (open, stoploss, profit). do you see this in real time or after the fact?

I would very much like to follow this proccess in real time on the trading system. is it possible?

if not where do you see these 3 steps?

robertogozzi wrote:

I noticed it takes three steps to enter a trade, first the trade is opened, then a SL is entered to modify the order, thirdly a Target Profit is added.

Whenever that happened and I was in front of my PC I could hardly notice a lag between each of them, it is a matter of microseconds and I cannot figure out how this could affect the margin.

05/23/2018 at 10:32 AM #71159 quote

robertogozzi
Moderator

Legend

You should code a very simple strategy for the 10-second (or even 1-second) TF and launch it, with SL and TP and what the orders as they are quickly processed by IG in the window on their main page.

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05/31/2018 at 9:46 AM #71839 quote

Carine
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Hello,

Linked orders are placed at the same time as your market orders. Even if you notice a slight delay on your platform, this does not affect the margins.

Regards,

Carine

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