min stop loss change

[kanpro123]

I have seen a guaranteed stop loss of 8! so i should set a guaranteed stop loss of 10 for my trade and i can't open an order because the SL is less than the min SL! so i reloaded my browser and i saw the guaranteed stop loss change from 8 to 122.3, a terrible change! 5 minutes later I reloaded the browser again, and now the guaranteed stop loss has returned to 8, I was able to open a trade with a guaranteed SL of 10! I really want to know about this minimum SL change, I need to know when it changes and for how long !

Edited June 22, 2022 by kanpro123

[AndaIG]

Hi @kanpro123

Thanks for reaching out, 

The minimum stop distances on markets is controlled by our dealing desk. During periods of high volatility minimum distances are increased. Then when volatility is reasonable they will revert back to the normal setting. The minimum distances will be larger on guaranteed stops during periods of high volatility to reflect the level of risk that IG is willing to take on. Unfortunately it is not one where we can confirm when it will occur and for how long as this is all dependent on market movement. 

All the best, 

Anda 

[AGid]

My automated strategies on prorealtime have stopped working because their stops on major fx markets are deemed to be too close to the market level (having worked no problem for more than a year, through volatile periods). I find this hard to believe, given that we are taking between 0.7% and 1% stops on major pairs such as GBP/USD, EUR/USD etc. can you confirm what the stop distance increased to at 9pm on Wednesday 22nd and Thursday 23rd June please so that I can see what I may need to adjust my stop levels to. Whilst markets are volatile, a 1% stop on a major currency pair should be more than sufficient. Thanks.