Buy Limit

[lcskyblue]

Hi,

Are buy limit orders available on IG or any other brokers ?

To limit slippage!

 

Thanks

[dmedin]

 

[Caseynotes]

13 minutes ago, lcskyblue said:

Hi,

Are buy limit orders available on IG or any other brokers ?

To limit slippage!

 

Thanks

Hi, the platform auto calcs whether the buy order is a stop or limit order by the position of your entry point. Placing a pending order in the market may reduce or negate slippage compared to a 'at market' order (instant execution buy or sell order).

[lcskyblue]

with CFDs this question is related too mainly 

[lcskyblue]

9 minutes ago, Caseynotes said:

Hi, the platform auto calcs whether the buy order is a stop or limit order by the position of your entry point. Placing a pending order in the market may reduce or negate slippage compared to a 'at market' order (instant execution buy or sell order).

Thanks for this - is that with share dealing ?

[Caseynotes]

Just now, lcskyblue said:

Thanks for this - is that with share dealing ?

not sure about the new share dealing platform but it is based on the sb and cfd platforms which do.

[lcskyblue]

really how?

So you can set the maximum buy price when CFDs dealing ?

[lcskyblue]

3 minutes ago, Caseynotes said:

not sure about the new share dealing platform but it is based on the sb and cfd platforms which do.

trying to figure out how to add a limit buy price to my CFD orders ... 

to avoid the order being filled at a much higher price than I ordered at

 

[Caseynotes]

13 minutes ago, lcskyblue said:

trying to figure out how to add a limit buy price to my CFD orders ... 

to avoid the order being filled at a much higher price than I ordered at

 

A buy limit order is an entry order to go long which is set below the current price and won't be triggered until market price comes back down to the entry level so won't trigger above it, there might be some slippage around it but that would mean you were getting a better price, if the slippage is too far the entry order won't be filled.

If you are worried about getting large slippage on a buy stop entry order then as above if outside the tolerance the trade open won't be executed. Slippage is more a problem for exiting trades where if no guaranteed stop price can jump you normal stop.

[lcskyblue]

4 hours ago, Caseynotes said:

A buy limit order is an entry order to go long which is set below the current price and won't be triggered until market price comes back down to the entry level so won't trigger above it, there might be some slippage around it but that would mean you were getting a better price, if the slippage is too far the entry order won't be filled.

If you are worried about getting large slippage on a buy stop entry order then as above if outside the tolerance the trade open won't be executed. Slippage is more a problem for exiting trades where if no guaranteed stop price can jump you normal stop.

thanks I want to add a boundary limit to my orders however...
So a limit to lower the slippage amount