How to place an order with Guarantee stop from ProOrder?

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  • 02/16/2021 at 9:27 AM #161601 quote
    dbl007
    Participant
    Junior
    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 ?
    02/16/2021 at 10:19 AM #161605 quote
    nonetheless
    Participant
    Master

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

    Nicolas thanked this post
    02/16/2021 at 10:28 AM #161611 quote
    Vonasi
    Moderator
    Master

    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!

    02/16/2021 at 10:38 AM #161614 quote
    GraHal
    Participant
    Master
    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??

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

    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?

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

    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’.

    02/16/2021 at 3:24 PM #161672 quote
    Vonasi
    Moderator
    Master
    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.

    GUARANTEED STOP IN VOLATILE MARKET

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

    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.

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

    Doji thanked this post
    Gtd-Stops.jpg Gtd-Stops.jpg
    02/17/2021 at 3:16 AM #161740 quote
    dbl007
    Participant
    Junior

    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.

    02/17/2021 at 11:09 AM #161790 quote
    GraHal
    Participant
    Master
    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.

    Gtd-Stop-Button.jpg Gtd-Stop-Button.jpg
    02/17/2021 at 11:19 AM #161796 quote
    dbl007
    Participant
    Junior

    Cool.  Thks.

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How to place an order with Guarantee stop from ProOrder?


ProOrder: Automated Strategies & Backtesting

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dbl007 @dbl007 Participant
Summary

This topic contains 11 replies,
has 4 voices, and was last updated by dbl007
5 years ago.

Topic Details
Forum: ProOrder: Automated Strategies & Backtesting
Language: English
Started: 02/16/2021
Status: Active
Attachments: 2 files
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