[I suck at exiting positions]

If you have a trade journal, you can do some backtesting and see what you can do to improve results. For example, what would have happened if:

• Enter with reduced size and add when the trade turns a profit. (enter 50% of full position add 25% and 25% - 3 clips to full size)
• Take partial profits instead of closing profitable positions and leave the trailing stops to do the work. Take 50% off the table when you feel closing a winning position. If it keeps going, great, you make more money. If it turns back and hits the stop, you have covered some or all of the cost.
• Increase trailing stop distance

Every trader/strategy is different, if you are getting into good trades, you might just need some finetuning, and that's unique to you.

Good luck

 

[Partial Filling of Limit Order]

Hi Marcus, you can find that option in the dealing ticket window. 

From any chart click "Deal" to open the ticket. From there there is the option "Accept partial fill".

Hope this helps

[Rollover]

Hi Manse,

go to "My IG" > select "Settings" >  From the left menu click"Rollovers". You should receive a confirmation email from the trading desk confirming the change in your account.

All the best

[IG price differential with XJO cash index]

On 19/06/2020 at 06:45, Caseynotes said:

If you want to trade on the exchange you need to put up x million dollars and provide business references to apply, you could trade though a DMA platform but even then you are paying the broker's spread.

This is total BS, no offence.

To trade futures you can start with as little as 500USD. When you are opening a futures trade account you are asked about your wealth and trading experience because of the leverage, based on that they can refuse to open an account with you because are deemed risky.  Absolutely no business references because you open as an individual.

When you are trading on the exchange you are trading "DMA" by nature and you dont pay any "broker spreads" instead you pay commissions. You would only pay the spread between the bid and ask if you buy or sell at market. The spread is usually the minimum tick price for that security to move, on the ES is 0.25.

[Why is IG showing differnt prices to trading view ?]

Prices are different because you never trade the underlying market. When trading the US500 with IG you are not trading the ES futures contracts; you are making a bet with IG based on the prices of a market "they make" that mirrors to some extents the ES.

The data you see on the first screenshot is from the CME and shows the data of the current contract being traded (1). If you use ES-2 you would see the prices of the next contract in front, which trades at different prices. That data is proprietary of the CME exchange and costs 60 bucks per month for the E-mins only. 

To offer a spot price for that instrument IG does the following: 1) Get the data for the current contract 2) Get data for the next contract in front 3) Based on 1 and 2 they make a spot market usually between the two.

You might want to use the data from the exchange if you can afford it because the data that is offered to you is misleading. Imagine going short at 2999 because you want to fade the even number 3000. In reality you might be going is shorting when the market is actually trading at 3009. This part is mentioned in the section "Conflict of Interest" in the contract you sign when join IG. Think about that

Data from  the exchange also comes with 10 levels of the orderbook, IG strip that data from what it offers to you as well. 

[egeagle]

Hi eagle,

Go to "My IG", select "Settings". On the left menu you should see "Dealing US Stocks (W-8BEN)". Complete the form and submit it.

 

[Social Trading]

7 hours ago, raideroftheark said:

Is IG considering a social trading platform so people can follow and copy winning traders? Would like to see something like this implemented to encourage profitability among traders.

Check out E-Toro.  https://www.etoro.com/copytrader/

[Pro Real Time - need help with coding a new indicator]

PS: I wrote some pseudo code for you.

First create a variable with your EMA values, do the same for SMI. Rename "Ema" and "SMIindicator" accordingly.

Ema[2]<Ema[1] and Ema[1]<Ema[0] and SMIindicator[0] <= 0 SMIindicator[2]<SMIindicator[1] and SMIindicator[1]<SMIindicator[0]

You can access your indicator past values using YourIndicator[number of candle]. 0 is the current candle, 1 is the previous one and so on. Experiment with these numbers until you find what you need. Good luck

[Pro Real Time - need help with coding a new indicator]

Hi  Phoenix, you have a better chance of finding your answer in the prorealcode forum than here. 

https://www.prorealcode.com/forums/

Good luck

[ProRealTime Fees]

Platform irrelevant, as long as you trade 3-4 times per month with size, you are ok. 

[VWAP indicator, where is it?]

On 28/04/2020 at 14:16, gberger said:

Hi, please advise where I can find the VWAP on IG. Under which Indicator is it?

Not available on the web platform. But you can find it in ProRealTime.

[Partial Closures on PRT with IG and Auto Trading]

Can't be done with ProRealcode. Setting profits using SET TARGET will affect all open positions by the system. What you can do is code your entry and split the size across two different positions with the same stop but a different target. 

[Multiple take profits]

Hi Eddy, you can use Net Off orders to close partially a position.

For example

• Buy 10£ per point of US500 @ 3000
• Create a sell order for 5£ per point @ 3050 (Net off)
• Create sell order for 5£ per point @ 3060 (Net off)

This will close 50% at 3050 and the rest at 3060. However, you have to monitor the position when you have these orders setup. If your stops are hit, since these are not OCO orders, you will have to manually close them. The risk is of having two sell orders with no stop live in the market.

Or you can open two market orders with same stop loss but different take profit.

Good luck

[pro real time]

On 27/05/2020 at 11:57, Caseynotes said:

I just took that pic off Intertraders web site so presumably that's what they are offering for free.

 

Intertrader give you access to Prorealtime "web charts" not the full software you get at IG. ProRealtime software is exclusive to Interactive Brokers and IG only.

[pro real time]

On 30/04/2020 at 09:57, Caseynotes said:

interesting but just looking at the advanced chart user manual for Intertrader's PRT looks like a very basic version?

That's the web version which has nothing to do with PRT11.

[PRT via IG or IG via PRT]

Hi J, I think you will get an answer quicker if you ask the good guys at Prorealtime directly. I used the Support Contact form in the past and responded the same day. Let me know what they say. 👍

[ProRealtime 11]

Hi, a few months ago I was told by an IG representative that they had a team working on Prorealtime 11. So far, we are still running the old version. I was wondering if anyone knows when IG will finally implement this.

Thank you.

https://www.prorealtime.com/en/new-features-ProRealTime-v11-1

[Ninja trading integration query]

Hi, Arvids

1. Ninjatrader is not supported.
2. Since is not supported the answer is no.
3. Guaranteed stops available via web platform and pro realtime. OCO orders available on all platforms.
4.  
5. For margins check this page https://www.ig.com/uk/charges/margin
6. Spread bets, CFDs are leveraged products. Or you can buy stocks for cash.

All the best

[Oil Charges]

1 hour ago, GTS15 said:

Had a strange charge appear on my statement and must be wrong but IG usual arrogant self to small traders just ignored my messages. 

Hi GTS, this is explained in details in the contract you signed when you joined IG.

[Dax Charts Stopped]

One of the systems at Eurex is not working, they are working on it to fix it. 

[HIGH OVERNIGHT INTEREST RATES]

4 hours ago, niallor said:

Hi, i have the same issue, got a 600 euro taken out of my account on interest on a small oil position.

This sounds insane to me, any chance you can disclose the size of the position? 

[general advice]

Hi Dean, I would recommend that you understand the leverage implications of trading CFDs/spread bets. Coming from a hard cash share dealing background, make sure you understand position sizing and margin requirements. 

CFDs are taxed differently from shares. Some people use it mainly for hedging. You can find more info on this on the IG academy website.

All the best

[Pro Real Time IG Issue Placing Orders]

2 hours ago, jonny73 said:

Hi Alex

 

It wont let me do anything? can i uninstall it from IG as its a web link from the brokerage to launch?

Yes, you can like any other program from "Control Panel". To re-install go to the IG web platform and click Prorealtime.

By default those items are available on the platform, I would try reset to the default template and see if the icons are active? Good luck

[Why such a high margin needed when......]

Hi, IG is a regulated broker and must control the max leverage you can use based on your level of experience. If you are classified as retail, leverage is 1:20 at 5% of notion value for indices.

There is a page on the IG website explaining how margins are calculated in full here  https://www.ig.com/uk/charges/margin

[Pro Real Time IG Issue Placing Orders]

Hi jonny, have you ticked the stop loss and profit checkboxes on the interface? If you don't it would place an order without. 

Hope this helps