PRT Trailing Stop

• 06/27/2019 at 11:00 AM #101518
  solar

  Hi everyone. I know it is popular among traders on this platform to insert trailing stop using MFE or the one posted by Nicolas.However, the above-mentioned type of trailing stop are executed on bar-close basis.

  My question is:  Up to now, is there a functional & global %trailing stop which calculates on everytick that I can adopt on live trading?

  I know MTF maybe a solution to this by recording the high of each bar under smaller TF  but as it is still at its beta stage, I do not want to risk my money on it.

  Cheers.

  

  solar

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  06/27/2019 at 11:09 AM #101521
  robertogozzi

  From this morning MTF is officially released for all IG accounts worldwide.

  So it’s no more being beta tested.

  You can still use pending orders to exit whenever a price level of your choice is hit.

  

  robertogozzi

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  06/27/2019 at 11:38 AM #101522
  Nicolas

  The SET STOP TRAILING instruction type are independent from code once the trailing is attached to orders. It is controlled by the broker, so they move with price in real time.

  The problems is that you can’t change the step (but this instruction is subject to evolve though) and that trailing stop is not allowed on limited risk account anymore.

  

  Nicolas

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  06/27/2019 at 2:33 PM #101541
  solar

  Thank you robertogozzi and Nicolas.

  I am still a bit confused. In conclusion, you are meaning that SET STOP TRAILING is still not yet available on ProOrder? (FYI my account is not ‘limited risk’)

  If the above statement is true, then the easiest way to mic mick SET STOP TRAILING using MTF right?

  

  solar

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  06/27/2019 at 3:35 PM #101546
  Nicolas

  SET STOP TRAILING is available, since …. years!

  I was just saying that once you have activated it in the code, then you can’t stop it, because the trailing stop is attached to the order(s) and fully controlled by the broker.

  

  Nicolas

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  06/28/2019 at 7:52 AM #101574
  solar

  Thanks Nicolas, I see your point, but it seems there is no bulit-in trailing stop order on ig CFD account (that means i cannot submit a trailing stop order manually).

  If so how could the TS be attached to the broker? Maybe I will check out other posted strategies to see they have similar coding.

  

  solar

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  06/28/2019 at 8:19 AM #101582
  Nicolas

  fatlung wrote:

  it seems there is no bulit-in trailing stop order on ig CFD account (that means i cannot submit a trailing stop order manually)

  Sorry but how did you conclude of that? “manually” with manual orders or automatic ones?

  

  Nicolas

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  06/28/2019 at 8:34 AM #101584
  solar

  Hi Nicolas, I just checked instructions on IG.com and please find attached screenshot for reference.

  For example, if my strategy has a coding:

  SET STOP TRAILING 50

  then it means once i open my position, the order is attached with  “50pts stop trailing ” with “0pt trailing step “? And according to what your have said, trailing stop of 50pts cannot be changed, am I correct?

  

  solar

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  06/28/2019 at 9:01 AM #101589
  Nicolas

  No. Trailing step is by default the distance to stop of the instrument which is determined by the broker. So it is not possible to have a value inferior or superior to it.

  In the future, the TRAILING STOP instruction will have a setting to change this step (to a superior value, in case you want it to behaves differently from what the broker impose us).

  (no screenshot in your post).

  1 user thanked author for this post.

  solar

  

  Nicolas

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  06/29/2019 at 6:46 AM #101635
  solar

  Hi Nicolas, the following link refers as idk why i couldn’t attach the screenshot.

  https://www.ig.com/uk/help-and-support/spread-betting-and-cfds/orders–stops-and-limits/what-is-a-trailing-step-and-how-do-i-use-it

   

  

  solar

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