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Minimum Stop Loss


sanders12

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14 hours ago, sanders12 said:

The default stop loss is 6 points on Gernay 30 and Oil.

Is it possible to make the stop smaller, it is too wide for what i want.

Thanks

Hi @sanders12

The minimum stop distance is variable and can change. This is due to volatility in the market and our risk teams analysis. We constantly assess the market and adjust minimum distances accordingly. 

With normal stops we put minimum distances in place which we find appropriate for the volatility. If you're trading on a volatile market and put a stop 3pts away you will likely be closed very fast, We don't want traders wasting their money being closed out due to volatility. 

With regards to guaranteed stops we assess them based on volatility but IG are taking on risk when traders open these as we have to take on the loss if the market gaps through the stop. 

 

All the best - MongiIG

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15 hours ago, MongiIG said:

Hi @sanders12

The minimum stop distance is variable and can change. This is due to volatility in the market and our risk teams analysis. We constantly assess the market and adjust minimum distances accordingly. 

With normal stops we put minimum distances in place which we find appropriate for the volatility. If you're trading on a volatile market and put a stop 3pts away you will likely be closed very fast, We don't want traders wasting their money being closed out due to volatility. 

With regards to guaranteed stops we assess them based on volatility but IG are taking on risk when traders open these as we have to take on the loss if the market gaps through the stop. 

 

All the best - MongiIG

ok thx

i am happy to be stopped out numerous times on a close stop.....

so it makes no sense to trade thru you,  unfortunately much better with micro futures...through real exchange

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