IG order restrictions in PRT

• 10/14/2017 at 11:51 PM #49383
  Mansoor

  G’day everyone.

  IG has some restrictions on manual orders for example, the stop loss distance cannot be less than a certain amount or trailing stop moves up only after a certain amount of price movement and sometimes you can’t even use trailing stops. When you write PRT code do you observe these restrictions? I mean when you define your stop loss in the code do you consider the minimum stop loss distance requirement?

  

  Mansoor

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  10/15/2017 at 9:20 AM #49392
  Despair

  If you don’t consider the minimum stop loss distance requirement the order will be rejected several times in a row and then your strategy will be stopped. So you can’t set a stop closer than the minimum stop distance if this was your question.

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  Mansoor

  

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  10/15/2017 at 9:20 AM #49393
  golha

  Yes, you should do so, otherwise IG may reject the order. For trailing stops, IG automatically uses the minimum allowed if you do not specify the steps.

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  Mansoor

  

  golha

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