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VIX stops

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hello why are the stops in VIX either 0.2 or then 1 ?

 

0.2 is too close to the bid offer but then you have to run much more risk otherwise 

 

why cant the trader decide to have a stop at 0.5 ?

 

why does IG care where the stop is (apart from trying to get it triggered asap)

 

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Hi - the VIX has a minimum stop distance of 0.2, however if you wish to have your stop at 0.3, 0.4 or 0.5 and above (or any other increment to the 0.01) then you can, simply by typing in your desired stop level. Please have a look at the example below with an opening big of 17.03 and a stop 0.38 away at 16.65. 

 

If there are other functionalities of the trading platform you would like more information on, or explanations of our dealing practices, please don't hesitate to ask. 

 

2018-04-16 15_13_47-IG Trading Platform _ Spread Betting.png

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ha on this occasion the answer was good 

 

although not sure why the stops jumps from 0.2 to 1 when the arrows should move in increments of 0.1

 

it is still overall a rigged casino 

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How so? Doesn’t the vix price just pull the underlying future with an IG spread?

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you are trading on a bid offer made by IG .. it may or may not track other markets 

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    • // Definition of code parameters DEFPARAM CumulateOrders = False // Cumulating positions deactivated DEFPARAM FLATAFTER = 210000 // Prevents the system from creating new orders to enter the market or increase position size before the specified time noEntryBeforeTime = 080000 timeEnterBefore = time >= noEntryBeforeTime // Prevents the system from placing new orders to enter the market or increase position size after the specified time noEntryAfterTime = 160000 timeEnterAfter = time < noEntryAfterTime // Prevents the system from placing new orders on specified days of the week daysForbiddenEntry = OpenDayOfWeek = 6 OR OpenDayOfWeek = 0 size = (2000/400) + ROUND(STRATEGYPROFIT / 800) // Levels 0% and 100% if OpendayofWeek <> 1 then L0 = DLow(1) L100 = DHigh(1) elsif OpendayofWeek = 1 then L0 = DLow(2) L100 = DHigh(2) Endif GRAPHONPRICE L0 GRAPHONPRICE L0 + -23 COLOURED (200,0,0) GRAPHONPRICE L100 GRAPHONPRICE L100 - 7 COLOURED (200,0,0) // Conditions to enter long positions c1 = high crosses over L0 + -23 //c12 = close > L25-5 IF c1 AND timeEnterBefore AND timeEnterAfter AND not daysForbiddenEntry THEN BUY size PERPOINT AT MARKET SET TARGET PPROFIT 84 //SET STOP PLOSS SL ENDIF // Conditions to enter shortpositions c3 = low crosses under L100 - 7 //c32 = close < L75+5 IF c3 AND timeEnterBefore AND timeEnterAfter AND not daysForbiddenEntry THEN SELLSHORT size PERPOINT AT MARKET SET TARGET PPROFIT 70 //SET STOP PLOSS SL ENDIF  
    • Yeah, only tested on a 5min chart so far. It does about 177 trades in 1 year and a quarter, so less than 1 trade per day on average
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