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Why can't I put a trailing stop?


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Posted

Hi guys, 

I'm a new trader and learning to trade on IG. I read the tutorial about puting a trailing stop when placing a deal, but on my workspace I can't find that option, it always showing Guaranteed stop by default and I don't have the option to choose Trainling stop. Does anyone know why and how I can fix this. 

Thanks. 

Posted (edited)

I'm a new trader too searching about trailing. I came across the same problem. I cannot place an ORDER with a trailing stop. I checked open and closed markets, same restriction. IG only allows a normal or guaranteed stop on an ORDER. However, the option is there for a DEAL. So if you go with a DEAL and accept the market price, you can use a trailing stop, but if you want to set your price first with an ORDER, you can't - doesn't make sense.

Also, you can not combine a guaranteed and trailing stop. That would be great if you could - the features exist, but not together 😞

Ideally I want to combine a guaranteed and trailing stop on an ORDER. That way, I get all benefits of setting a price I think is value, more profits if the market goes my way and certain risk if it doesn't.

Edited by Chargrill
completeness

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