How to place an order with Guarantee stop from ProOrder?

• 02/16/2021 at 9:27 AM #161601
  dbl007

  IG offer Guarantee Stop.

  https://www.ig.com/sg/help-and-support/orders–stops-and-limits/stops-and-limits/what-is-a-guaranteed-stop

  How to  place an order with Guarantee stop from ProOrder ?

  

  dbl007

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  02/16/2021 at 10:19 AM #161605
  nonetheless

  Tick the box that says Guaranteed Stops when you launch the strategy, same window where you enter the max positions.

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  Nicolas

  

  nonetheless

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  02/16/2021 at 10:28 AM #161611
  Vonasi

  Also be aware that in the past it has been reported that IG have moved guaranteed stops during times of high volatility meaning that basically your guaranteed stop is not guaranteed during these times!

  

  Vonasi

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  02/16/2021 at 10:38 AM #161614
  GraHal

  Vonasi wrote:

  your guaranteed stop is not guaranteed during these times!

  So just when we would need the guarantee it is not there!

  Has anybody run the same Algo side by side with Guaranteed and Non-Guaranteed Stop Loss to see if any benefit?

  I can’t help thinking that the benefit must be on IG’s side??

  

  GraHal

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  02/16/2021 at 10:45 AM #161616
  Vonasi

  I imagine the extra cost of a guaranteed stop will offset any gain (if there is one) and as you say if they can be moved by the broker during times of high volatility then what is the point of using them?

  

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  02/16/2021 at 1:12 PM #161650
  dbl007

  I am asking how to write the code to place a order with guarantee stop from Trading System. I know how to do it manually.

  An effective way to use guarantee stop is to place it to reduce margin requirement significantly; but you don’t wait for the stop to be triggered; your trading system should have exit your trade either reaching your target or your real stop which should be closer as guarantee stop has a very wide distance.  Guarantee stop is to ‘insure’ against ‘black swan’.

  

  dbl007

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  02/16/2021 at 3:24 PM #161672
  Vonasi

  dbl007 wrote:

  I am asking how to write the code to place a order with guarantee stop from Trading System.

  nonetheless already answered that for you.

   

  dbl007 wrote:

  Guarantee stop is to ‘insure’ against ‘black swan’.

  …except when IG move the minimum allowed guaranteed stop distance during times of high volatility such as during a ‘black swan’ moment.

  https://www.prorealcode.com/topic/guaranteed-stop-in-volatile-market/

  

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  02/16/2021 at 4:27 PM #161678
  dbl007

  Now I got it. “Tick the box that says Guaranteed Stops when you launch the strategy, same window where you enter the max positions.”.

  So all the stop placed in code will be guarantee stop. Thks for the pointer.

  

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  02/16/2021 at 5:11 PM #161688
  GraHal

  dbl007 wrote:

  So all the stop placed in code will be guarantee stop

  You need to peruse and understand the wording / Terms on which you are agreeing to.

  The words seem to contradict what happens when trading … read link below and read attached??

  https://www.prorealcode.com/topic/guaranteed-stop-in-volatile-market/

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  Doji

  

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  02/17/2021 at 3:16 AM #161740
  dbl007

  Thks. Which/where  is the documentation that has the term/condition you attached. I thk it is important to know to find this important info.

  

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  02/17/2021 at 11:09 AM #161790
  GraHal

  dbl007 wrote:

  where  is the documentation that has the term/condition you attached.

  It is on the button you select to the Guaranteed Stop … just hover over the button indicated by the red arrow on attached.

  

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  02/17/2021 at 11:19 AM #161796
  dbl007

  Cool.  Thks.

  

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