Jump to content
Sign in to follow this  

Newbie Question on Stop Losses

Recommended Posts

Hi Guys, this morning I noticed (on the demo account) the GBP/USD stop loss changing from a minimum of 4 to 12 pts which makes scalping for a few pips at a time a waste of time and uneconomical. Is IG simply allowed to up the Stop allowed at any time to discourage you from trading or trading a particular point in time? Cheers.

Share this post


Link to post
12 minutes ago, Goldengawd said:

Hi Guys, this morning I noticed (on the demo account) the GBP/USD stop loss changing from a minimum of 4 to 12 pts which makes scalping for a few pips at a time a waste of time and uneconomical. Is IG simply allowed to up the Stop allowed at any time to discourage you from trading or trading a particular point in time? Cheers.

Hi, IG use a variable spread system so spread will rise briefly during periods of high volatility before returning to normal, the same applies to the min stop distance. You can still close the position at any time before the min stop manually.

  • Like 1

Share this post


Link to post
5 hours ago, Goldengawd said:

scalping for a few pips at a time a waste of time and uneconomical.

 

I agree 100%, it is both of those things.

Share this post


Link to post
1 hour ago, dmedin said:

 

I agree 100%, it is both of those things.

Scalpers are sitting at the chart while trading and will seldom let price hit their stop, they should be looking for price to just take off on the triggering of their set up and if it doesn't something is wrong and usually best just to get out.

  • Thought provoking 1

Share this post


Link to post

Join the conversation

You are posting as a guest. If you have an account, sign in now to post with your account.
Note: Your post will require moderator approval before it will be visible.

Guest
You are posting 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.

Sign in to follow this  

  • Member Statistics

    • Total Topics
      12,495
    • Total Posts
      63,555
    • Total Members
      84,448
    Newest Member
    arshud
    Joined 28/09/20 00:01
  • Posts

    • Is that a trick question..? I'm trying to have a broad picture.  And to consider (and develop an understanding of) as many influences on prices as I can.
    • And just so you can 'get where I'm coming from' for the last 6 months here is a data set from Asia I posted way back in February (Daily Dashboard thread). Looks pretty similar doesn't it and certainly a million miles from Ferguson's model predicting hundreds of thousands of deaths.
×
×