Stop Loss too close set

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06/01/2024 at 12:40 PM #233371 quote

taklause
Participant

New

I often have the problem that the STOP LOSS is too close set (error msg from IG)
Thats why when I enter the trade I ll add the min amount of Stop Loss like :
SET STOP %LOSS 2

For the NASDAQ thats already quite high and I would like it to reduce it after the first trade with
SET STOP PLOSS AnyNumberSmallerThan2Percent

but unfortunately it does not work, knows someone why?

06/01/2024 at 3:34 PM #233375 quote
robertogozzi
Moderator

Master
IG’s info about US Tech 100 Cash (1€) (NASDAQ) reads:
1. Minimum STOP distance ……………… 8 (pips or points)
2. Minimum STOP distance (guaranteed) 2% (percentage)
those figures are usually not fixed, but may be increased by the broker in case of unusual volatility.

So you have to first know which one of the above minimum requirements is applicabile to you, then try to raise that limit a bit to keep your code running smoothly even when volatility is unusual.
06/02/2024 at 12:12 PM #233402 quote

JS
Participant

Senior

Hi,

When you start the strategy in “ProOrder AutoTrading” there is an option (IG) to have your “stops” adjusted by IG when they change the minimum distance (in times of volatility) …

Have you tried this option yet?

Aanpassen-Stops.pdf
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Stop Loss too close set

Platform Support: Charts, Data & Broker Setup

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taklause @taklause Participant

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This topic contains 2 replies,
has 3 voices, and was last updated by JS
1 year, 8 months ago.

Topic Details

Forum:	Platform Support: Charts, Data & Broker Setup
Language:	English
Started:	06/01/2024
Status:	Active
Attachments:	1 files

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