Jump to content

why cant stops be only triggered when price goes through


Guest london

Recommended Posts

Guest london

stop triggers should only occur when a printed price triggers them.

 

obviously ig wants to close you out as much as possible to get their income .. but as they see the standing orders and they control their bid offer this is wrong 

 

Link to comment
Guest pipjunkie

Yes the price displayed on the chart is the mid so you always need to account for volatility, as the spread increases you are more likely to be stopped out. I would advise adding a margin of 20 pips this should help with market manipulation from the bank's as they know likely spots where stops are placed and delibrately trigger them as your buy stops will allow them to create a sell trade.

Link to comment

Hello , thanks for your post.

 

Firstly, I just want to clarify that IG do not make any profit from your stop being hit, as we do not trade against the client.  We charge spread and commission, but do not profit anything more from clients being stopped out of a trade.  We simply offer this feature so that you may mitigate your risk if you choose to do so.

 

Stops and limits are triggered when the market level moves through them, and may not be transacted at their exact level if the market gaps or moves rapidly.  You need to bear in mind the spread difference between the bid and the ask price, as if you have a long trade running, the stop will refer to the bid price level to close, whilst if you have a short trade running, the stop will be the ask price level.

 

If you have a specific example on your account you would like us to look at, we'd be happy to do so - just give us a call, email or DM on Twitter with your account details.

 

If anyone else has any queries on stops/limits please let us know so we can clarify!

 

Thanks,

Hannah

Have a question? Try searching the community to see if it has already been answered.
Link to comment

Archived

This topic is now archived and is closed to further replies.

  • image.png

  • Posts

    • In a strategic move to further solidify its position in the global cryptocurrency market, Bitget, a leading CEX, has made a significant move by appointing Min Lin as its new Chief Business Officer. With a history of leadership at Binance and Goldman Sachs, Lin brings over a decade of expertise to Bitget's ambitious expansion in Latin America. His unique blend of traditional finance and blockchain experience positions him to navigate the complex market dynamics in the region.  Bitget's CEO, Gracy Chen, believes Lin’s expertise is crucial for their strategic vision. “Min’s track record in scaling cryptocurrency businesses aligns seamlessly with our growth goals,” says Chen. In his new role, Lin emphasizes his commitment to innovation and user-focused products. He aims to promote wider acceptance of blockchain technology while tailoring solutions to meet the unique needs of Latin American users. This move underscores Bitget’s commitment to emerging markets. With a 98% increase in active users in Latin America in 2024, the potential for growth is evident. The question remains: how will this move influence the competitive landscape in Latin America?
    • Exchange tokens are a good alternative investment. Unlike regular coins, they provide access to exclusive privileges, including: -Deduction of trading fees, whether in spot or futures trading -Participation in airdrop campaigns, such as Launchpool, Launchpad, PoolX, and others The benefits of holding an exchange token cannot be overstated, yet many users are still unaware of these advantages.  I currently hold some MX, BGB, BNB, and KCS in my portfolio, though I initially knew little about the privileges associated with them. After joining this Bitget online community, I was able to connect with other BGB holders, interact with them, and discover a lot more. The minimum requirement is 100 BGB to gain access to the community, and there's an ongoing campaign with a range of merchandise giveaways. We could take advantage of this campaign as we’re now in Moonvember if you’re holding more than the minimum required amount. I’m not a financial advisor, so always DYOR.
    • Natural Gas Elliott Wave Analysis The late October recovery continues as the commodity has stayed within a sideways price structure since April 2023. Meanwhile, in the meantime, it appears prices will attempt to break the October and June highs of 2024 to retest the January 2024 and October 2023 highs of the range. From the long-term price action, Natural gas completed the bearish impulse wave sequence from August 2022, when it exchanged for $10, in February 2024 at barely $1.5. That was a whooping crash! However, from the perspective of the Elliottwave theory, a 3-wave correction follows a 5-wave trend. It appears the price is correcting the bearish impulse from August 2022. The correction could advance as much as $4.79-5.8. On the daily chart, the correction starts from 1.522 and is emerging into a zigzag structure of the primary degree. Wave ((A)) finished with an impulse structure at 3.16 in June 2024. Since June, the price fell and went sideways suggesting a triangle structure for wave ((B)). Thus, when wave ((B)) ends, wave ((C)) should advance to $4 or higher. On the H4 chart, it appears wave (E) of ((B)) is incomplete. Thus, the pullback from late October could extend to 2.47 -2.35 to complete wave (E) and then price surges to continue the bullish correction that started on February. Technical Analyst : Sanmi Adeagbo Source : Ttadinglounge.com get trial here!  
×
×
  • Create New...
us