Jump to content
  • 0

Pro Real Time - setting stop profit and stop losses to actual price


MinF2016

Question

Hi,

I had an issue today with PRT.... I was short and had a Stop Profit in place (FTX) at 6129.7 and thought I'd be stopped out for a nice profit, instead the rise rose and I manually closed the trade quite a bit higher. Now when I checked the candle the low was 6129.3 ? Calling IG I was informed that both the candle and the stop profit were average prices..... So with a spread of 1 point (0.5 on entry and 0.5 on exit) the candle would have needed to have hit 6129.2 before my Stop was hit :( 

 

Is there anyway I can change the indicator on the Stop Loss / Stop Profit indicators on the left of the screen to actual price please? Or is this something I will need to get my head around and live with.

 

I will add that after speaking to IG they kindly compensated me for my loss of profit. 

Thank you,

Mark

Link to comment

4 answers to this question

Recommended Posts

Hi and welcome,

 

I had the same thing that happened to me on Bitcoin. Should of hit my Limit, did not: Very high in spread. Ig said it was to do with Mid trades? 

 

If you know whats the difference of Mid' Ask' Bid? at the trade you put on? this would be helpful.

 

All the best.

Trevbeats.

Link to comment

Hi Mark,

 

My colleague would have been correct when they said that the ProRealTime charts only show the Mid Price. Unfortunately you can't change the price on the charts to Bid/Ask, but you can add an indicator call the 'Bid-ask colour band', which will display the current Bid/Ask prices as horizontal lines. Maybe this will help?

 

ProRealTime.png

 

Would you also be able to clarify what you mean by 'Stop Loss / Stop Profit indicators'?

 

Thanks,

Tim

Link to comment

Hi Tim,

 

What I mean by stop loss and stop profit is the Stop and Limit (ie... to stop a loss and to stop to take a profit).  for example If I place and order with a stop and limit... I will have the order entry line, the stop line and the limit line all with their respective numbers on the left of my PRT chart.... What I'd like is that number on the limit (or stop) to be the same as the actual candle, so it a candle penetrates that line the stop/limit is activated without taking into consideration the spread.

 

Mark

Link to comment

Hey Mark,

 

The stops/limits on the PRT charts will always show at the absolute levels, whilst the chart candles themselves will remain at the mid-price. There's not currently a way to change this I'm afraid. Nonetheless, I'll pass your comments onto the PRT team for future consideration!

 

Tim

Link to comment

Archived

This topic is now archived and is closed to further replies.

  • General Statistics

    • Total Topics
      20,001
    • Total Posts
      87,981
    • Total Members
      69,072
    • Most Online
      7,522
      10/06/21 10:53

    Newest Member
    nickpaine
    Joined 26/09/22 12:40
  • Posts

    • Friday’s fiscal plan unveiled by the UK government has scared off investors and as a result the pound is down heavily across the board. IGTV’s Jeremy Naylor explains that while sterling is off today’s lows, it has suffered breaks of support taking the pound down to levels not seen in decades against a basket of currencies.          
    • GBP/USD in 37-year lows, EUR/GBP 2-year highs and EUR/USD fresh 20-year lows GBP/USD slid to its 1985 low and EUR/GBP rallied to a 2-year high following the UK’s fiscal stimulus mini budget while EUR/USD slid to fresh 20-year lows amid Italian far right election outcome.    Axel Rudolph | Market Analyst, London | Publication date: Monday 26 September 2022  EUR/USD drops to new 20-year lows as US dollar scales fresh 2-decade high This year’s slide in EUR/USD has taken it to levels last seen in June 2002 amid the Federal Reserve's (Fed) aggressive monetary tightening policy with market participants expecting another 125-basis point (bp) rate hike over the next couple of meetings, following three consecutive monthly 75bp rate rises which drove the US dollar to two-decade highs. With Italy’s first far right party since Benito Mussolini’s National Fascist Party in the 1920’s on course to win Sunday’s election, the euro is further under pressure. EUR/USD slid by around 4% since last week to fresh 20-year lows, slightly below key support seen between the June 2000 and January 2001 highs and the September 2002 low at $0.9698 to $0.9593 by dropping close to the $0.955 mark. Below it beckons the September 2001 high at $0.9331. Minor resistance can be spotted at the June 2000 high at $0.9698 above which lurks more substantial resistance around the 6 September trough at $0.9865. See an FX opportunity?
    • Market data to trade on Tuesday: China output; US inflation With the dollar remaining so strong, IGTV’s Jeremy Naylor looks at two trend trades that seem to indicate that there is no let-up in direction. USD/CNH is looking likely to break the near-term resistance on expected soft industrial production data in China, then US durable goods is likely to underscore the downward direction of trade for EUR/USD.        
×
×
  • Create New...