Haarb
-
Posts
3 -
Joined
-
Last visited
Content Type
Profiles
Forums
Blogs
Events
Community Tutorials
Store
Posts posted by Haarb
-
-
Hi Guys,
I want to know how best I can set the price level on an Equity CFD order to buy/sell the night before the market opens the next day.
If for example I think that the CFD will increase in price tomorrow, is it best to set the Price level slightly above the current day market close price ? Or should I set it at the current day's close price.
In my example attached, as the current close price is £499.5 and I think the price will increase tomorrow:
1. I set the price level at 499.06 ?
2. Or, set the price level at 499.05 ?
Any advice will be greatly appreciated.
-
Hi,
Slippage is affecting my profits and I want to know how/if the Limit function when placing the order can prevent this.
I place my CFD orders the evening before and always have a stop in place.
For example, if I place an order for a CFD which I expect will increase:
- Current price - £100
- Strike Price - £100.01
- Stop - £2
- Order Level - 100
- Limit - £0.1
By placing a Limit of £0.1 would this prevent the slippage from exceeding £0.1 when entering the CFD ?
Order-level
in IG Trading Support - Dealing Questions
Posted
@CharlotteIG this is very interesting and important the way this is structured.
What happens when you select an order level for the same price as the closing/current market price ? I assume that this will act as a Limit Order ?
I assume then it's more prudent to set a Limit Order.
Also should this read:
Buy Stop order - When you open a long order higher level than the closing/ current market price. We will only open your position when the market goes up to the order level you selected or higher.