Trailing stop

[boomerang]

Hi,

About Trailing Stops , I check the documentation and when opening the trade a trailing stop can be set , but can a existing position which has a stop be modified to have a trailing stop ?

 

Pete

Edited March 31 by boomerang
more clarity

[OfentseIG]

1 hour ago, boomerang said:

Hi,

About Trailing Stops , I check the documentation and when opening the trade a trailing stop can be set , but can a existing position which has a stop be modified to have a trailing stop ?

 

Pete

Hi @boomerang

Thank you for reaching out. 

There are two ways to add a trailing stop. 

1. You can insert a trailing stop when putting in a market order to deal at the current price. This can be done under "Deal" (or Trade in he mobile app) from the dealing ticket on the platform. 

2. From open positions. 

If you click in the stop box, it gives you the option to select the drop down error where you can find the option to add a trailing stop. You will need to add the following for the trailing stop to be accepted:

• Stop Level Price level at which current position will close if no trailing advantages occur
• Stop Distance Number of points the stop level should be away from the current price when trailing advantages occur
• Step Distance Number of points the underlying market will need to move before trailing advantages occur
   

All the best, OfentseIG

[boomerang]

@OfentseIG

Thank you. That is really helpful.