Jump to content

IG Trading - Questions


Recommended Posts

Greetings Community members:

I've a few questions about the commodity trading (Spot Gold):

  • What are the charges if the account balance goes to negative? (Spot Gold (1$ contract))
  • What are the charges for weekend and overnight open positions for Spot Gold (1$ contract)
  • How we do get alerted for the signals published?
Link to comment
22 hours ago, next2perfect said:

Greetings Community members:

I've a few questions about the commodity trading (Spot Gold):

  • What are the charges if the account balance goes to negative? (Spot Gold (1$ contract))
  • What are the charges for weekend and overnight open positions for Spot Gold (1$ contract)
  • How we do get alerted for the signals published?

Hi, not sure where you are based and so which regulator you come under but in the UK and now in Australia you have negative balance protection so won't happen but under the margin rules as a trade goes further into the red and uses up your margin requirement you will receive a magin call and if you don't add funds IG will close the trade before your account goes negative.

For overnight funding see this page.

Why is overnight funding charged and how is it calculated? | IG UK

Link to comment
  • 2 weeks later...

Apologies for the delayed response, I'm from AU and thanks for pointers.

Is there a way to get alerted like in email or app when signals (Autochartist and PIA) are published? I haven't looked at the api's available yet but thought would ask before exploring that path.

Edited by next2perfect
Link to comment
7 hours ago, next2perfect said:

Apologies for the delayed response, I'm from AU and thanks for pointers.

Is there a way to get alerted like in email or app when signals (Autochartist and PIA) are published? I haven't looked at the api's available yet but thought would ask before exploring that path.

Hi, don't think they do alerts for the web based platform so you need to check for updates. Autochartist is available on the MT4 platform (downloaded from the Autochartist web site ) and I think that one might have alerts if memory serves.

Link to comment
  • 2 weeks later...

Thanks for the note.  The IG's instructions aren't much helpful

https://www.ig.com/au/trading-strategies/what-is-autochartist-and-how-do-you-use-it-when-trading--190529

I did some research and found out that the plug in has to be downloaded from here

https://www.autochartist.com/traders/?

Configuration steps are mentioned here https://www.autochartist.com/metatrader-plugin/index_en.html

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

    • The mischievous amphibian who became a meme legend? Well, meet Apu, his wide-eyed, optimistic cousin, taking the internet by storm – and now, perhaps, the world of finance. Apu, also known as Peepo or Helper, is a kinder, gentler Pepe variant. Tired of the often-scammy memecoin scene, Apu (or rather, Apu's devoted community) decided to create something different: $APU, a "fairly launched, fully transparent coin" built by and for "all frens." Here's where things get interesting. $APU's narrative is one of resilience and community power. Fueled by the cryptocurrency community's enthusiasm, $APU was initially launched with the best of intentions. However, the dream took a nasty turn when the original developer pulled the rug – a disheartening scenario for many crypto enthusiasts. Today, $APU stands as a testament to community empowerment. It's a beacon of hope for projects facing similar challenges, a reminder that collaboration and resilience can transform setbacks into stepping stones. It's also worth noting that another community-driven memecoin, $MASSA, recently found a home on the Bitget exchange. Could this be a sign of things to come for $APU? What are your thoughts? Does Apu's story inspire you? Can a memecoin truly become a legitimate force in the volatile world of cryptocurrency? Share your thoughts and predictions in the comments below!
    • The price shown on the graph is the price after the IG's fee taken. That is the reason for discrepancy.
    • I am a relatively newbie. I have seen similar and also have seen automated closed position has a loss though the close price I have set was above the price I have bought. After about 6 months with a lot of mysterious losses though my closing price was above the opening price, I discovered this was because of the amount charged for opening/closing a position. This is right below BUY and SELL boxes on the right in very small font. This amount vary from  0.9 to 33 or more depending on the level of trading at the time you open or close. It also happens (god knows why it is set to be so, except that the trader is not watching) when there is a lot of buying and selling going on, like an important news has suddenly been out and the result was not the market expected. As a result, I delete all my automated BUY/SELL values before I stop trading for the day. Remember, the the software is set up to favor the IG, not the retail seller. That is why 70% or more end up in loss.  
×
×
  • Create New...
us