Jump to content
Sign in to follow this  

Trying To Trade The "DAX" - Why do i get this message?? ...

Recommended Posts

Why am i getting this message

The order level you have requested is too close to the current market level.

The minimum distance for this market is 300 per point.

Share this post


Link to post

sounds like you are after a guaranteed stop loss, and you have placed it too close to the current market level.. that is my guess

Share this post


Link to post

Hi   Presumably you are trying to put in a stop loss order or trying to move an existing stop loss order. The minimum distance changes with volatility throughout the day and so far this morning the Dax minimum stop has swung between 10, 15 and 30 points on the new platform. If you are using the MT4 platform you are dealing in lots rather than pounds per point so £1 per point on the IG platform  becomes 0.1 lots and 10,15, 30 points becomes 100, 150, and 300, so 300 equates 30 points on MT4. On both platforms you can use the minimum level then tighten it often just a few minutes later and you are still able to close the trade manually at any point no matter where the stop. 

Share this post


Link to post

I was just trying to put the same trade on - exactly as i do most days of the week

This particular day it said i couldnt trade as the "buy or sell price"

(I cannot remember whether i was buying or selling this particular day)

Whichevever i was trying to do - It was too near that level in the market already

and that it had to be a mimimum of 300 points away

"Which Is Not True!!"

Share this post


Link to post
Guest Query

I get an error message "ORDER LEVEL TO CLOSE TO MARKET LEVEL" when trying to place limit orders.  I can understand for STOP orders but this makes no sense for limit orders.  Does anyone have more info on this order placement restriction?

Share this post


Link to post

I am new in this forum. Please Suggest Me Some Online Financial Trading Courses for Spread In Betting & Forex.

Share this post


Link to post
On 26/01/2019 at 16:10, eric3700 said:

I am new in this forum. Please Suggest Me Some Online Financial Trading Courses for Spread In Betting & Forex.

YouTube has a whole swathe of educaitonal material, the only problem is it may take some reseraching to find it all in an orderly fashion!
But I suggest you check out these Forex and Spread betting guides that I cam across recently: [mod edit - no promotional material please]

 

Share this post


Link to post
On 26/01/2019 at 08:21, elina7677 said:

YouTube has a whole swathe of educaitonal material, the only problem is it may take some reseraching to find it all in an orderly fashion!
But I suggest you check out these Forex and Spread betting guides that I cam across recently: https://www.mytradingskills.com/spread-betting-guide and this: https://www.mytradingskills.com/forex-for-beginners

3

If you don't mind can I send you a private message to discuss more on this topic?

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
      7,272
    • Total Posts
      36,166
    • Total Members
      46,154
    Newest Member
    Wilcster
    Joined 23/08/19 09:28
  • Posts

    • We all know what the book says about a yield curve inversion, that a recession will follow 1 - 2 years after and that between the inversion will reverse back, bonds will be sold while stocks enjoy a brief rally before finally rolling over into a recessionary bear market, after all it's happened 7 times before so must be again right. Well not necessarily, previously the inversions have been deep and lasted several months, that hasn't happened yet. Also fore warned is fore armed and we already know the problem is this time, it's Trump trying to get China to play by the rules, oh and debt. The thing is that the bond market has changed radically in the last decade and longer, look at the long term chart of the 10 year bond yield below, falling steadily since the 1980's, with the 10 year being so low a 2/10 year yield inversion is much more likely under far less economic provocation. But what about the debt then, well it's clear Modern Monetary Theory (MMT) is becoming a 'thing' whether people call it or not. The Japanese have been doing something like it for years except going the long way round and printing money to buy bonds instead of just printing money. MMT says that so long as you don't borrow from outside and you keep inflation under control you can print the amount of money you need (see the MMT thread), Japan have been doing it for decades, the UK, US and EU started latter but doing it they are, the problem for the EU is that they have also been borrowing widely from outside. Central bank bond buying has distorted the bond market making yield inversions more likely, but less likely of an automatic recession to follow. Central banks will continue to print money anyway, the key is to control inflation, owing yourself money can be dealt with, it's owing other people money that's the problem. How will it all actually pan out, who knows, that's not a trader's concern, an investor might take a different view but they still won't know til it happens whatever 'it' is.   Chart 1: Yield dipping below the red line is inversion, the shaded columns are the recession periods that followed. Chart 2: The steady decline of the 10 year bond yield since the 1980's.   Chart 3: The 2 year bond yield retreating from recent highs.  
    • It's a Debbie Downer, my wee bairns
    • as did I, hence the earlier ( Ransquawk) post
×
×