Jump to content

New: Knock-outs

Recommended Posts

10 hours ago, PandaFace said:

Surprised this hasn’t got more tranction. This is literally the solution to the esma stuff and hardly anyone is on it...? 

Odd.

Its only for SB so thats limits the interest?

and as said above adj stops would be great and if we could trade it in prorealtime/proorder it would be even better

 

Share this post


Link to post
23 hours ago, elle said:

"Knock-outs"  ???    where , please tell me, are they ?

be careful tho as the stops are much higher!

Share this post


Link to post
Guest bear markets are coming!
51 minutes ago, Trevbeats said:

be careful tho as the stops are much higher!

Yeh this is a good point to make. I wonder why they are so high? 

Good that they are adding the option to have another stop before the knockout level is hit. Always wanted a Ga-Stop and a regular stop when i had the account where you were forced to have a Ga-Stop. 

Share this post


Link to post

I guess it is because you can cover any losses if it goes the wrong way. I have two positions on GBP/USD at 128.32 down about 80 pips atm. But with the knockouts, you can open with a slightly higher position.

How you doing atm .  You on a demo or gone live yet..

Share this post


Link to post
Guest Ali

Thanks to James for answering the big question about the likely inclusion of customer set stops inside the knock out, this will be a very welcome feature, given the target market is intraday/swing trading, will look forward to seeing this incorporated, along with orders to enter rather than being limited to market orders only.  Anyone seen the overnight funding figures, not found them yet...

Share this post


Link to post
10 hours ago, Guest Ali said:

Thanks to James for answering the big question about the likely inclusion of customer set stops inside the knock out, this will be a very welcome feature, given the target market is intraday/swing trading, will look forward to seeing this incorporated, along with orders to enter rather than being limited to market orders only.  Anyone seen the overnight funding figures, not found them yet...

Please check out this link for info on overnight funding. You can do a CTRL + F to search for "overnight"

https://www.ig.com/uk/help-and-support/spread-betting-and-cfds/market-details/what-are-knock-outs

Put simply: "Overnight funding charge: calculated based on the notional value of the underlying IG price and not the knock-out price."

Share this post


Link to post
On 8/9/2018 at 3:38 PM, JamesIG said:

Great question @Trader126

I wanted to add that we are looking at introducing a non guaranteed stop option over and above the KO (kick out which is guaranteed) level. In other words, this means you could have a position with a guaranteed KO, and also the option to add a regular stop before the KO. If the market moves against you the regular stop will look to close the position at the best available price, whilst you also have the assurance the KO level will guarantee your downside risk.

There is no set delivery date but we will keep the Community updated. 

Can a trailing stop be added?

Share this post


Link to post
9 minutes ago, 202925 said:

Can we get commodities added to the list?

You should be able to see these if you scroll a little - going forwards we are looking at expanding above and beyond the below most popular assets, however as of yet there is no planned delivery date. 

2018-08-13 11_19_52-IG Trading Platform _ Spread Betting.png

Share this post


Link to post
5 minutes ago, 202925 said:

Can a trailing stop be added?

Currently no, however I shall add that to the feedback report for this particular month / product. 

Share this post


Link to post
3 minutes ago, JamesIG said:

You should be able to see these if you scroll a little - going forwards we are looking at expanding above and beyond the below most popular assets, however as of yet there is no planned delivery date. 

2018-08-13 11_19_52-IG Trading Platform _ Spread Betting.png

Thanks James

Can the bet sizes be reduced on these too?

 

Share this post


Link to post
7 minutes ago, 202925 said:

Thanks James

Can the bet sizes be reduced on these too?

Currently we have no plans to reduce minimum bet sizes, however we do of course look to periodically review these things (far more frequently with new products). I shall pass your request onto the desk as feedback which is being looked at closely at this time, as you can imagine. Thanks. 

Share this post


Link to post
4 minutes ago, JamesIG said:

Currently we have no plans to reduce minimum bet sizes, however we do of course look to periodically review these things (far more frequently with new products). I shall pass your request onto the desk as feedback which is being looked at closely at this time, as you can imagine. Thanks. 

Thanks very much James

It will just give everyone time to trade these for real, without being wiped out after a week

 

 

 

Share this post


Link to post
Guest Joe

Hi James - could you tell me what are the tax implications trading KO's. Is it the same as regular spread betting?

Share this post


Link to post
13 minutes ago, Guest Joe said:

Hi James - could you tell me what are the tax implications trading KO's. Is it the same as regular spread betting?

Should be the same i.e. tax efficient/free. Everythingin the spread account should be. 

Share this post


Link to post

I can confirm KO's on the Spread betting platform will have the same tax implications as other spread bets. 

We have no confirmed date on future asset roll outs but those on Community will be some of the first to know. It may be useful to 'follow' content for a daily or weekly wrap of new posts on this thread. Tutorial below. 

 

Share this post


Link to post

Placed my first live trade KO - I think that’s what the kids are callin it - today. EURUSD Bull to see if we can bounce off support from mid 2015/16....  £120 margin for a £1 trade. Better than the £400 on normal EURUSD. Limited risk. Seems like a good product (but want those additional stops inside the KO). 

Share this post


Link to post

@PandaFace  I would have said that until the inner stop loss arrives you'll want to put in a price level alert in at a nominated stop loss position then close manually once the alert has triggered  ... but KO's don't seem to have an alert function.

  • Thanks 1

Share this post


Link to post
1 hour ago, Caseynotes said:

@PandaFace  I would have said that until the inner stop loss arrives you'll want to put in a price level alert in at a nominated stop loss position then close manually once the alert has triggered  ... but KO's don't seem to have an alert function.

Meanwhile if we could use prorealtime/proorder to trade KO it would open up new functions like "associate orders to alert" not on server but works if the program is running

trading-39_c1440665608c.png

 

(proorder is on server)

 

 

  • Like 1
  • Thanks 1

Share this post


Link to post
On 8/9/2018 at 5:46 AM, LeoTrader said:

Hi, 

It's great to see this new way to trade (bet on) the markets with reduced margin (akin to pre-ESMA leverage restrictions). I'm sure many will find this a useful feature, however, as an intraday trader, my stops are significantly closer to my entry price than the knock-out levels available. Take EUR/USD for example; a typical stop for me would be 10-15 points, whereas the closest knock-out level available is over 120 points away. So I wouldn't be able to take advantage of them without taking on unacceptable risk with a considerably negative risk-reward ratio.

Are there any plans for closer knock-out levels suitable for intraday positions? Ideally in increments of 1 instead of 10, or even user-defined levels. 

Hi

same for me but have been watching and closing manually if  risk levels breached,

Share this post


Link to post

Hi @AP,

That's what I plan to do as well, with the help of price alerts. As they are at the moment though, they're great for swing trading. I've opened a few live KO swing trades and must admit, I'm fast becoming a fan of this product. Kudos to IG for bringing it to us as quickly as they have. 

Share this post


Link to post

IG  Haven't mentioned it so how are we to know.  I would have thought it would have been put up on the log in page

 

Share this post


Link to post

Fair point @Medusa123, the new KOs are still under development and many will be waiting for the proposed 'inner stop loss' before taking them up. As things are at the moment they are a 'knock out' option as opposed to a 'knock in' option ( see the link in the thread 'Options Trading' ) and so the guaranteed stop loss is a long distance from the entry level, you can manually close out at any time but without an added adjustable stop means the trade needs to be closely monitored.

Edited by Caseynotes

Share this post


Link to post

Hi @Medusa123 - as the knock out option product is a completely new dealing method, along with a new delta one pricing model we are currently in the 'sft launch' phase. We prompted those who had logged into the relevant area (spread betting - UK only) via a blue call to action down the left hand side, however wider promotion is currently on hold. This is a widely adopted method for rolling out new software products, however we will probably promote this via the usual channels in the weeks and months to come. 

Community is often a place where we broadcast these new assets and functionalities first, so keep an eye out for any future releases, or new asset types, going forwards. 

  • Thanks 1

Share this post


Link to post
On 8/9/2018 at 12:44 PM, PandaFace said:

FTSE 100 Bull KO 

market moves a point you make or lose a point. So basically what we had before...right? 

Looks like knockout level is basically a guaranteed stop. On that’s FTSE one above min stop level is 80 points away, which on a 7700 market means you getting about 103:1 if I’ve done the math correctly. Which is a margin percentage of 0.97 (basically 100:1 or 1% deposit margin). 

You HAVE to have a guaranteed stop tho which you have to pay for, but given the leverage pay out it seems pretty darn good in this post ESMA world.

Knockouts are good for one thing only, short-term positioning...I left FTSE on for about a couple of days, and it stopped me out, so if it's about 80 pips at £20 its a lot of dosh gone...You can close out whenever you wish..So work with your R/R strategy.   

Share this post


Link to post

does ig have any plans to introduce new products for options. the new margin requirements means that to purchase a call spread or put spread is prohibitive

  • Like 1

Share this post


Link to post

Guys, does anyone know if there are plans to add this to the CFD accounts? As I understand it this is for SB only at the moment?

Cate

Share this post


Link to post

Your content will need to be approved by a moderator

Guest
You are commenting 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.


  • Member Statistics

    • Total Topics
      6,200
    • Total Posts
      27,306
    • Total Members
      35,306
    Newest Member
    ColinH
    Joined 15/02/19 21:14
  • Our picks

    • Another blow to economic growth - EMEA Brief 15 Feb
      Weak retail figures in the US have spilled over to most major stock markets, with European stocks set to open lower this morning. The 1.2% decline in retail sales for the month of December, the biggest drop in almost ten years,  have brought new fears that we are facing a global economic slowdown. The DJIA closed 104 points lower at 25,439.39, the S&P 500 closed 7 points lower at 2,745.73, whilst the Nasdaq managed to close in the positive with a gain of 6.6 points at 7,426.96.
      • 0 replies
×