Jump to content
  • 0

Trailing stops with PRT




Hi all, 

about trailing stops using PRT and ProOrder, I got a message like "minimal incremental for this market is XXX amountperpoint".

My trade was starting at $286,52, buying 4 stocks ($1000 cash rounded up), and I had a trailing stop at $170, but when the platform tried to place the trailing stop (at $244,02) , it was not accepted with the message:

                                  "the trailing stop distance is set below the minimum requirement. The minimum distance for this market is 28,652 amount per point"


Can you please let me know what this means and how make this strategy works?


Thank you in advance


Link to comment

1 answer to this question

Recommended Posts

  • 0

Without knowing what instrument you were trying to trade this is mainly a guess on my part.

IG imposes minimum stop distances on trades. It's likely that the stop level you're trying to set ($286 - $244 = $42, roughly 15%) is too small for that particular instrument.

One way you can check the minimum stop distance is to look at the instrument through the web interface, click the circled "i" (letter 'i' in a circle) in the top-right corner of the screen. It'll give you the "key information" for that particular instrument.

For example, here's a screencap of the "key information" for trading the DAX exchange (German 30). It shows that the "minimum stop" is 5 points.

I'm guessing that with the instrument you tried to trade the stop level you wanted was within that "minimum stop" level.

Link to comment

Create an account or sign in to comment

You need to be a member in order to leave a comment

Create an account

Sign up for a new account in our community. It's easy!

Register a new account

Sign in

Already have an account? Sign in here.

Sign In Now
  • image.png

  • Posts

    • Basically, they're letting creators mint NFTs and other digital stuff across multiple blockchains at once. Holograph isn't the only one trying to build bridges between blockchains. Projects like Omnibridge and Wormhole are also in the game, each with their own way of moving your digital assets around.  While Holograph focuses on this "native minting" thing across chains, other projects might be a better fit depending on what you need. Doing your research is key! Definitely something to consider. While Holograph recently scored a cool $11 million in funding, omnichain functionality is still pretty new. They've also got some interesting features, just landed on Bitget, and seems to be building an empire state. There could be bumps in the road, so be sure to do your own research and understand the potential risks. So, what do you think? Is Holograph the future of NFTs, or is it just a bunch of hype? Have you tried any other cross-chain solutions? Let's hear your thoughts in the comments!
    • May 22nd marks Bitcoin Pizza Day, a celebration of the first real-world transaction using Bitcoin. In 2010, Laszlo Hanyecz made history by offering 10,000 Bitcoins for two Papa John's pizzas, showcasing Bitcoin's practical potential. The cryptocurrency community commemorates this milestone with various events, including meetups, webinars, and giveaways. Bitget's Pizza Day Raffle is one such event, offering prizes in cryptocurrencies and tokens. Whether you're interested in Bitcoin's history, community, or uses, this event is worth exploring.
    • HashPack rocks. Their wallet's is easy to use, and they're everywhere in Hedera (dApps, DeFi, NFTs). The Bitget listing is gonna be insane for them.
  • Create New...