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Stop Loss/Take Profit minimums


Benj

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Hi, brand new to IG and MT4

Trading USD/ZAR, looking to set stop loss and take profit limits through MT4 - system returns an error to the effect that either limit must be <>8000 from current price(s). This sets limits past my normal trading range for this pair, usually I hedge or profit within 1500 or 2000. Alternatively, if I manually enter the opposing trade when I'm comfortable with profits, system returns an error to the effect that hedging is not permitted. So, three questions: 

1. Can stop loss/take profit limits be adjusted? How?

2. What is the minimum range for manual closing entries on this pair? 

3. Are these restrictions somehow in the MT4 platform, or IG policy? 

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30 minutes ago, Benj said:

Hi, brand new to IG and MT4

Trading USD/ZAR, looking to set stop loss and take profit limits through MT4 - system returns an error to the effect that either limit must be <>8000 from current price(s). This sets limits past my normal trading range for this pair, usually I hedge or profit within 1500 or 2000. Alternatively, if I manually enter the opposing trade when I'm comfortable with profits, system returns an error to the effect that hedging is not permitted. So, three questions: 

1. Can stop loss/take profit limits be adjusted? How?

2. What is the minimum range for manual closing entries on this pair? 

3. Are these restrictions somehow in the MT4 platform, or IG policy? 

Hi, you can check the hedging setting from settings tab on the mini terminal app (download from IG's app pack), I'm not sure how to do this without going through the mini terminal. pic 1

Check the stop limit by going to Marketwatch in mt4 and right click on usdzar then click 'specification', it's currently 4400 but will change depending on session times. pic 2

IG does seem to have larger limits for orders on mt4 compared to their online platform or placing trade manually at market on mt4.

hope this helps.

 

image.png.5fdbed894e7a876ef0212bc5f243622e.png

image.png.b07ae3f6c14096561eae068ad6c5bc3f.png

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