Jump to content
  • 0

Stop orders and points away



I have two questions:

1. I am trying to open both long and short positions in the same market for the same stock. I found i must have “force open” activated PLUS there must be stop orders for both order types. 
While trying to do so, it is giving me “-    + points away” for setting limit and stop orders.  

I am not sure what does ‘points away’ mean please? I am new to the platform and Have only done normal buy/sell without setting any ‘points away’.

2. Lets say I bought 10 shares @$20 and I want them to get auto sold once the price reaches $25. How do I set this? I saw this same options “points away” which I am not sure how it works.

Many thanks!

Link to comment

5 answers to this question

Recommended Posts

  • 0

Hi @Nazao

Thanks for the feedback, 

The functionality to see the limit and stops as a monetary value is only on the web trading platform unfortunately. 

On a CFD account when buying shares a point is equivalent to one cent. So in your scenario you would be placing your limit 300 points away. That would be equivalent to a movement from $22 to $25. 

As soon as the market gets to $25 your limit would be triggered which would close the trade. 

All the best, 


  • Great! 1
Link to comment
  • 0

Hi @Nazao

Thanks for reaching out, 

A limit represents your take profit level, whereas your stop is your stoploss level. 

Limit points away: Number of points the market must move in your favour before the trade will close automatically

Stop points away: Number of points the market must move against you before a trade will be automatically closed. 

If you would prefer to see this as a monetary value you can change it on the deal ticket as attached

All the best, 



  • Great! 1
Link to comment
  • 0

Hello Anda,

many thanks for your reply.

I tried with IG mobile app, it only shows stop type as none/normal/guarantee. Does not give the monetary amount option as shown in your screenshot.

Let me know if i m wrong - what does points away mean? I called up IG helpline, and I was told 1 point means $1? Lets say, I bought 10 shares @$20 and want to auto sell them at $25. Current market price is $22. So should I set +3 points away? Also, this should be a limit order as per my target auto sell? 
As the current market price will continuously change, how does the above +$3 points away work? Again, I am not sure if my concept of points away (as written above) is correct or wrong.

Many thanks Anda for your help.


Link to comment
  • 0

Hi @Nazao

There is a difference between a limit order and a limit. A limit order you are specifying a limit on an entry price, whereas on a limit you are taking profits. You should be using the deal ticket instead of the order ticket if you are looking to specify a take profit level. Limit orders are different, you can more about them from the following link: https://www.ig.com/uk/risk-management/limit-orders

All the best, 


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
  • General Statistics

    • Total Topics
    • Total Posts
    • Total Members
    • Most Online
      10/06/21 10:53

    Newest Member
    Joined 29/11/23 20:23
  • Posts

    • Investing in crypto could be challenging especially the Fear of Missing out Lambo. This mostly affect traders trading strategy and ideology. Predicting the right time to buy is always cumbersome and that is why many analyst advise DCA because it curtails FOMO and gives you a long-term crypto trading mentality. In crypto Dollar Cost Averaging involves investing the same amount of money in a target token at regular intervals over a certain period of time, regardless of price. This will help to control volatility on your portfolios and minimize FOMO For example when you decide to invest $100 on a token and invest $10 daily or weekly or monthly till you fulfilled you $100 target investment on the token irrespective of the price of the token. This strategy helps a crypto trader to build his portfolio over the long term thereby he/she is not bothered by short-term volatility in the broader markets. This strategy mostly favours low-budget traders in building a strong portfolio but the problem most normally encounter is exchange minimum trading amount. One analyst advised on how to mitigate this was to accumulate on exchange that has lower trading fees and later send to where you desire to hold. He also noted that some of this exchanges are good in listing good projects for you to be among the early birds. Do you think DCA is the best method to accumulate token and which exchange offers the lowest tradeable balance and trading fees?
    • DXY   now wait for confirmation or rejection 
    • Messi has written his name in the sands of time. I dare say he is immortal, he has challenged and excelled all limits to the point he is now the new limit. This partnership is GOATED cos it has brought more exposure for the exchange considering MESSI's popularity.    
  • Create New...