Jump to content
Sign in to follow this  

Trend line trailing stop

Recommended Posts

I'd really like the ability to have a stop track a trendline / trail based on time rather than distance.

I generally use a trendline for my exits and to be able to 'fire and forget' would be great!

Share this post


Link to post

Hi ,

 

Welcome to the IG community!

 

Thanks for your feedback. We really enjoy such comments as it is these very ideas that we have acted on to help better improve many elements of out trading platform as well as the service we offer. 

 

The point you have made I can see the value in and so I will be sure to pass this on to the relevant team as this could be useful to many strategies!

 

You may be interested in the ProRealTime platform that we also offer, as this has many advanced trading tools, such as being able to set market orders according to a trendline that you may find use of. Below is a link that will tell you more about the platform and you can access this from the 'Tools' section in the IG platform.

 

https://www.prorealtime.com/en/video-tutorials

 

I hope that helps!

Share this post


Link to post

The IG man is telling you straight, look at the ProRealtime platform. You can very simply create oblique parallel trend line Limit Orders to reverse (and therefore cancel) your trade. Don't be put off by the charge for using the ProRealtime platform, as David Jones (unfortunately no longer with IG) told us, if at the end of the month you haven't made a trade and will therefore incure a charge, just hit the enter then immediately hit the exit, do that twice and you have done your two trades for the month. The home IG platform is *****, instead they pay ProRealtime to let you use the ProRealtime platform, use it.

Share this post


Link to post

I would also like to use trend lines as stop losses but as far as I am aware this is not possible on PRT as you suggest, unless you are trading intra day?

 

I was informed by one of your staff that oblique parallel trend line Limit Orders were only good while you are logged onto the charts and as soon as you log off all orders of this type are cancelled.

 

TimP could you clarify these orders for us please, because like most people I take trades lasting at least a few days and this is something I would absolutely love to use.

 

Thank you

Share this post


Link to post

Hi 

 

The oblique orders are refered also as Pending soft orders in the platform and are stored on the wokstation only. With that in mind closing the platform will remove these orders.

 

I would very much agree with you about being able to have these active for longer periods and so the only way I could think that would be done would be if the trades would be saved on ProRealTimes order server, for which I will contact them to find out if this is something that is firstly possible and secondly if they have any plans in the future for it.

 

I hope that helps!

Share this post


Link to post

Join the conversation

You are posting as a guest. If you have an account, sign in now to post with your account.
Note: Your post will require moderator approval before it will be visible.

Guest
You are posting as a guest. If you have an account, please sign in.
Reply to this topic...

×   Pasted as rich text.   Paste as plain text instead

  Only 75 emoji are allowed.

×   Your link has been automatically embedded.   Display as a link instead

×   Your previous content has been restored.   Clear editor

×   You cannot paste images directly. Upload or insert images from URL.

Sign in to follow this  

  • Member Statistics

    • Total Topics
      13,110
    • Total Posts
      66,654
    • Total Members
      89,149
    Newest Member
    Victorpianojazz
    Joined 26/11/20 15:51
  • Posts

    • Financial Anarchy: one of the main fallacies of Bitcoin. You are that independent holding bitcoin that anytime you want to buy it or sell it have to go through an exchange using your full identity. With all sort of passports and ids checks. Let's not forget that the main goal of many bitcoiners is to amass as much of the correlated fiat currency as possible. With the romantic topic of becoming a blade runner paying in SHA-256 hashes to other elite individuals you watch how your virtual coins grow in value, that value that is established in that so-hated fiat currency. The happiness of a bitcoiner comes with the grow in price of that coin in the exchange. The more coins of the fiat currency they get from their bitcoins the happier they are. So it is all cyberpunk literature with a bit of TAZ philosophy, but bitcoin is no more than a very volatile "financial product", unfortunately , and since I am surrounded in IT departments by bitcoiners I am so tired of listening to people excusing themselves for choosing this overhyped movement over any other FX pair or metal. I understand that people want to get rich quickly and that is why they chose bitcoin, but they want to get rich by grabbing more and more of that fiat currency that they hold in the bank accounts. So let's be honest with ourselves, let's cut the rubbish and call it like it is: Greed on a very volatile market.  
    • The Fed wants to ban it or tax it. No central government likes crypto as its a form of financial anarchy. 
    • Very good point, Casey. They see Bitcoin and want to emulate it, or in the case of the Fed try and ban it. Bitcoin and Crypto have DEMAND. A Euro backed or $ backed crypto may not have them same demand, but will also be seen as currency. Crypto's lack of provenance (political and geographic) is a major USP. The market normally wins as governments know too well. 
×
×