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New: Knock-outs


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Guest frankoo

I have been self studying Financial Technical analysis for a while now. I have made some trades before the new EMSA regulations kicked in. Once the regulations were in effect, it had stopped me from continuing. I was even going to take a couple of courses to improve on my knowledge and skill at the London Academy of Trading. Then return to trading. I traded the real account in order to help me better learn to control my emotions, as real losses equalled real emotions. My losses where not losses, but investments in learning. Learning to control my emotions and much more. I also used the demo account to learn how to use tools and to figure out strategies to use. I came back to the demo and noticed this new product, which has brought back my love of wanting to learn to trade. It enables me to continue taking risks that would in return teach me something by allowing me to control my margins. Win or lose, I am getting something out of it. I have now enrolled in London Academy of Trading, as this new products gives me hope that I can now enter this industry and grow to a point that the EMSA's new regulations would not effect me as it did. So, I thank IG for coming up with such a wonderful innovative product.

I plan to come back to trading after my course and was wondering, within the next few months, would we see more assets assigned to knockout and will we be able to use tools such as Trailing Stop?

 

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  • 1 month later...
18 minutes ago, Kodiak said:

Really missing the option to use "order to open"

(Limit orders entry and stoporder entry)

 

 

I suppose it can have something to do with the predefined knock-out level?

But why not have a knock-out level based on percent on whatever level the trade opens?

 

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Maybe something like this?

If price is 11 566 and i want a stop order entry if price reach 11 600 

Then i type in 11 600 and also how many points (or minimum) i want to the knock-out level (and maybe a limit and a stop)

Then if i want to move the order (to open) on the chart to 11 590 then the knock-out level moves also 10 points

DAX KO 2.png

Edited by Kodiak
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  • 3 weeks later...
  • 2 months later...

Hi all - when it comes to spread betting we have found that only a handful of clients are using the product. We have therefore taken the decision to stop offering this on spread betting.

Open positions are currently due to expire on the 01-Aug-2019, at which point any positions will be settled and we will not be listing new contracts for spread betting. 

All clients who actually use this product should have been contacted. 

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  • 1 year later...
Guest patthekillercat
On 09/08/2018 at 21:18, JamesIG said:

Hi all - I'm glad you're finding your way around the new product. This went live yesterday on spread betting accounts yesterday around 3pm UK time. This is currently only available to UK spread bet clients. You can find more info reguarding these products here > https://www.ig.com/uk/help-and-support/spread-betting-and-cfds/market-details/what-are-knock-outs 

As shown above expiry dates are shown on the deal ticket here. These are presented in a MONTH-YEAR format so Aug-19 will be 1st August 2019 (not August 19th). You can find out more information via the 'info' section (as discussed above) along with settlement criteria if you hold until the point of expiry as quoted in the deal ticket. 

2018-08-09 14_12_31-IG Trading Platform _ Spread Betting.png

Any comments, questions, or feedback notes warmly received. 

Best
James

 

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Guest patthekillercat

Hey IG Contributors,

 

is there any way you guys can reduce the knock-out levels???? On my first trade, I was able to select one that was 10-15points away from the current price, which was great. However, on a consecutive trade, it was miles away (150-200 points) and it wouldn't let me move it, which, lets be honest, makes the instrument useless and basically becomes just another simple CFD with a stop-loss (less the margin of course).

Also, it might be helpful if you guys could adjust/fix your javascript to automatically update the available knock-out levels as this appears to be broken at the moment (you have to close the ticket and restart the process to get updated levels if the underlaying price moves)

 

Looking forward to your response 

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