Change normal stop loss to trailing or guaranteed

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  • #50347 quote
    Mansoor
    Participant
    Average

    Is it possible to change a normal stop loss to a guaranteed or a trailing stop loss after the position is opened?

    #50428 quote
    Eric
    Participant
    Master

    i read this but never tried it (IG)

    ” If you’re using one of our mobile apps, you can also attach guaranteed stops to trades that are in progress, or remove them from open positions.”

    https://www.ig.com/uk/risk-management

    #51464 quote
    Derek
    Participant
    Veteran

    Hello Mamsoor,

    it probably depends your country if you can do that. In germany today you can only open guaranteed positions. Before this change came into effect sometimes the stop could be changed into a guaranteed one after the initial opening. I am saying sometimes, because even though IG once sent a newsletter that this should be a standard option. It didn’t always work…

    I could not find a system why sometimes it would work and why sometimes not. The option would sometimes be available “on and of” during a single trade. Maybe volatility and actual trading hours of the underlying could help explain, but I think IG will reserve the right to do whatever they want.

    As you can see from Eric’s reply,  reasoning is not exactly helpfull here since using the mobile app should not be the reason when a stop can be changed into a guarateed one. Which brings us to the next problem, the many outdated bits of information on the IG website. While I know first hand that it can be a nightmare to keep a big and ever changing public database online, many infos there are simply staying outdated.

    I suggest you contact customer service in your country to get a written statement that you can refer to, in case of any surprises with this otherwise nice feature.

    #51594 quote
    Mansoor
    Participant
    Average

    Eric is right. You can change the stop type on mobile app but not on desktop.

    #52004 quote
    Derek
    Participant
    Veteran

    Sorry Mansoor, your name was not right in my last post.

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Change normal stop loss to trailing or guaranteed


Platform Support: Charts, Data & Broker Setup

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Mansoor @mansoor Participant
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This topic contains 4 replies,
has 3 voices, and was last updated by Derek
8 years, 3 months ago.

Topic Details
Forum: Platform Support: Charts, Data & Broker Setup
Language: English
Started: 10/24/2017
Status: Active
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