Stop order problems: The order level is too close to the current market level

• 01/08/2020 at 1:49 PM #116196
  wsmith68

  Hello,

  Im having problems placing stop orders .

  Sometimes I get a message    ” The order level you have requested is to close to the current market level.

  The minimum distance for this market is 0 points”

  I would presume it may have something to do with the spread ?

   

  The second problem I have is once I am able to place my stop order,(depends on which stock it may be) when I try to move my stop loss into position I get the message

  “The stop distance you have requested is to far from the opening market level.The maximum stop distance from the current market level for this market is 3029.220 per point” Im using a spreadbetting account.

  Hope someone can spread some light on the issue .

  Many Thanks in advance

   

  

  wsmith68

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  01/08/2020 at 2:23 PM #116203
  Maverick

  Hello,

   

  Following your request, with a spread betting account you can’t placed stop order in the spread, therefore you have to respect some distance from the market level placing your stop.

  For further information, i invite you to contact your spread betting broker it is them who set the rules.

   

  Kind regards

   

  Victor from ProRealTime

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  wsmith68

  

  Maverick

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  01/08/2020 at 2:29 PM #116204
  Nicolas

  Do you have a limited risk account?

  

  Nicolas

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  01/08/2020 at 2:34 PM #116206
  GraHal

  wsmith68 wrote:

  The minimum distance for this market is 0 points”

  wsmith68 wrote:

  .The maximum stop distance from the current market level for this market is 3029.220 per point”

  I’ve had the above many times  and I concluded both error messages were in error as far as the distance the message is quoting (min distance = 0?? max dist = 3029??).

  I decided that at that point when I was trying the change my stop that my broker IG was putting a stop on any changes of stops ( 🙂 ) and so no level that I selected for my stop would be approved / allowed.

  

  GraHal

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  01/08/2020 at 2:39 PM #116207
  GraHal

  For the discussion … I don’t have a limited risk account.

  

  GraHal

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  01/08/2020 at 3:47 PM #116220
  wsmith68

  I do not have a limited risk account

  

  wsmith68

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