Equity CFD Order

[Haarb]

Hi Guys,

I want to know how best I can set the price level on an Equity CFD order to buy/sell the night before the market opens the next day.

If for example I think that the CFD will increase in price tomorrow, is it best to set the Price level slightly above the current day market close price ? Or should I set it at the current day's close price.

In my example attached, as the current close price is £499.5 and I think the price will increase tomorrow:

1. I set the price level at 499.06 ?

2. Or, set the price level at 499.05 ?

Any advice will be greatly appreciated.

[KoketsoIG]

16 hours ago, Haarb said:

Hi Guys,

I want to know how best I can set the price level on an Equity CFD order to buy/sell the night before the market opens the next day.

If for example I think that the CFD will increase in price tomorrow, is it best to set the Price level slightly above the current day market close price ? Or should I set it at the current day's close price.

In my example attached, as the current close price is £499.5 and I think the price will increase tomorrow:

1. I set the price level at 499.06 ?

2. Or, set the price level at 499.05 ?

Any advice will be greatly appreciated.

Hi @Haarb,

Thank you for your post.

Unfortunately, there is no way you can predict if the market will go up slightly or too much. However, if you use technical analysis and predict it will increase slightly, you can set the price level above today's closing price. It all depends on your predictions (slight or too much).

All the best,

KoketsoIG