Jump to content

Why did ig open my position 5 points away from my order


Recommended Posts

So I'm down to the last few dollars of a 2500 account and so have had to tighten that belt buckle a lot. I've done more reading and research and decided to back test. The results were good so decided to try it live. But.....ig opened my order 5 points from where it should of and closed it within 0.5 points of the stop loss. Can anyone tell me why? Yes I'm annoyed at the money I've lost but it was spare money that I decided to try and day trade with. Yes I've made huge mistakes and hopefully learnt off them. But....it seems like one mistake has been putting in orders instead of watching every minute of stock data on the screen and purchasing at the desired price. Whats the point of orders that can't be executed correctly with all the technology available to brokers. I could understand if it was back in the 80s and 90s using telephones. Rant over but would still like an explanation please

Link to comment
13 hours ago, Amur3001 said:

So I'm down to the last few dollars of a 2500 account and so have had to tighten that belt buckle a lot. I've done more reading and research and decided to back test. The results were good so decided to try it live. But.....ig opened my order 5 points from where it should of and closed it within 0.5 points of the stop loss. Can anyone tell me why? Yes I'm annoyed at the money I've lost but it was spare money that I decided to try and day trade with. Yes I've made huge mistakes and hopefully learnt off them. But....it seems like one mistake has been putting in orders instead of watching every minute of stock data on the screen and purchasing at the desired price. Whats the point of orders that can't be executed correctly with all the technology available to brokers. I could understand if it was back in the 80s and 90s using telephones. Rant over but would still like an explanation please

Hi @Amur3001

We are sorry to hear that you are not satisfied with your opening or closing prices. Slippage occurs when a market moves suddenly during the few seconds between when an order was placed, and when it was executed by a broker or on an exchange. This most generally happens in fast moving, highly volatile markets which are susceptible to quick and unexpected turns in a specific trend.

The price difference can be either positive or negative depending on the direction of the price movement, if you are going long or short, and whether you are opening or closing a position. You can minimize your exposure to slippage by trading during a market’s most active hours and by going for highly liquid markets, preferably those with low volatility. You can also use Use guaranteed stops and limits on your trades to help mitigate the effects of slippage. Here's a link which clearly defines Slippage and how to avoid it

Thanks,

OfentseIG

 

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
      21,612
    • Total Posts
      91,832
    • Total Members
      41,886
    • Most Online
      7,522
      10/06/21 10:53

    Newest Member
    cparemain
    Joined 23/03/23 02:04
  • Posts

    • Elliott Wave Analysis TradingLounge Daily Chart, 23 March 23, Bitcoin/U.S.dollar(BTCUSD) BTCUSD Elliott Wave Technical Analysis Function: Follow trend Mode: Motive Structure: Impulse Position: Wave III Direction Next higher Degrees: wave (I) of Motive Details: Wave 3 is equal to 1.618 multiplied Length of wave 1 at 35366 Wave Cancel invalid level: 15479 Bitcoin/U.S.dollar(BTCUSD)Trading Strategy: Bitcoin is developing in wave III and is trending towards 1.618 times wave I at 35107 as the price recovers from support at MA200 and breaks the upper channel. Help support this idea. So the overall picture is still a steady increase in the uptrend. Bitcoin /U.S.dollar(BTCUSD)Technical Indicators: The price is above the MA200 indicating an UpTrend. The wave oscillators above Zero-Line momentum are bullish. TradingLounge Analyst: Kittiampon Somboonsod, CEWA Source : Tradinglounge.com get trial here!   Elliott Wave Analysis TradingLounge 4H Chart, 23 March 23, Bitcoin/U.S.dollar(BTCUSD) BTCUSD Elliott Wave Technical Analysis Function: Counter trend Mode: Corrective Structure: Zigzag Position: Wave A Direction Next higher Degrees: wave ((2)) of Motive Details: Wave ((2)) usually retraces 50-61.8% of wave ((1)). Wave Cancel invalid level: 19569 Bitcoin/U.S.dollar(BTCUSD)Trading Strategy: Wave ((1)) seems to end at the level 28936. As the price structure completes five waves and the Wave Oscillator slows down, it is possible that a reversal in wave ((2)) is ongoing and it is likely to end at the level of 28936. will go to the level of 50 - 61.8% of the wave ((1)) before rising again in the wave ((3)). Bitcoin/U.S.dollar(BTCUSD)Technical Indicators: The price is above the MA200 indicating an UpTrend. The wave oscillators above Zero-Line momentum are bullish.
    • Wow. That censored word was twitter shortened. T w i t ..
    • Which exchange charts on TV are the ones being used on the IG platform? Specifically AUD/USD. Also what/when is **** feed coming back?
×
×
  • Create New...