Hi
I can't get the stoplosses to work.
As shown below, I set up a 2 tick stoploss on opening bet, placed at 10 ticks. However, it didn't trigger.
Am I doing something wrong?
Thanks
Jeff
PS I've tried doing it with and without 'global settings' ticked, but it makes no difference.
Stoplosses
Your not using the right stop loss.
What your using is (stop at opening bet).This means if you open a bet that does not get matched it will stop 2 ticks up (4.5) but place a bet at (5.3) using your example.
You need to be using a offset with a stop.
If your using the ladder you can right click on the ladder to place a stop loss.
What your using is (stop at opening bet).This means if you open a bet that does not get matched it will stop 2 ticks up (4.5) but place a bet at (5.3) using your example.
You need to be using a offset with a stop.
If your using the ladder you can right click on the ladder to place a stop loss.
Thanks Dabbla
What I'm after is an emergency stoploss. I don't want an offset, as I want to decide when to close the trade if the stop isn't triggered, based on what's happening in the market.
Is it possible to have a stoploss that kicks in if the market goes x ticks against my original position, but which has no offset?
I've tried setting the offset to 0, but that doesn't work, as the stop still doesn't get triggered.
Jeff
What I'm after is an emergency stoploss. I don't want an offset, as I want to decide when to close the trade if the stop isn't triggered, based on what's happening in the market.
Is it possible to have a stoploss that kicks in if the market goes x ticks against my original position, but which has no offset?
I've tried setting the offset to 0, but that doesn't work, as the stop still doesn't get triggered.
Jeff
My(stop loss) weapon of choice is to right click the ladder.See screen shot.
As far as i am aware you can not place a stop on its own other than above.
You could try using automation as a stop loss or Excel.
Your other option would be to offset:1000, so that your offset is well out of the market.Then you can manage it as normal.Just make sure you cancel the offset When your trades are finished.
As far as i am aware you can not place a stop on its own other than above.
You could try using automation as a stop loss or Excel.
Your other option would be to offset:1000, so that your offset is well out of the market.Then you can manage it as normal.Just make sure you cancel the offset When your trades are finished.
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I'm always quick to warn new traders about the pitfalls of stop losses. When I was starting out, the idea of a stop loss was so reassuring. However, I quickly noticed how disastrous they can be.
Many markets have temporary gaps, and this causes havoc with stop losses. I found the stop loss facility didn't in fact save me money, it lost me money. The more experienced I became, the more confident I was of 'redding up' manually, and not overreacting to something.
It has it's uses if you're leaving your screen for a period of time, or completely automating your trading, but not if you're sat at your screen(IMO).
Many markets have temporary gaps, and this causes havoc with stop losses. I found the stop loss facility didn't in fact save me money, it lost me money. The more experienced I became, the more confident I was of 'redding up' manually, and not overreacting to something.
It has it's uses if you're leaving your screen for a period of time, or completely automating your trading, but not if you're sat at your screen(IMO).
jeff,
don’t forget the "c" button, which will get you out at the best price and cancel any bets you have qued up. it’s quite useful if things run away real quick when you need to get out of the market quickly, kinda of an emergency break.
You can use excel to red you up if your losses hit a predetermined level for example 10% of your bank. Not exactly a stop loss again a kinda of emergency break/parachute. I would agree with letiss though, stop losses can often be a hindrance, and if you chose to use one as dabbla says, the right click on the ladder is probably the best.
don’t forget the "c" button, which will get you out at the best price and cancel any bets you have qued up. it’s quite useful if things run away real quick when you need to get out of the market quickly, kinda of an emergency break.
You can use excel to red you up if your losses hit a predetermined level for example 10% of your bank. Not exactly a stop loss again a kinda of emergency break/parachute. I would agree with letiss though, stop losses can often be a hindrance, and if you chose to use one as dabbla says, the right click on the ladder is probably the best.