In stock market they call this extremely useful order
"Stop limit"
With market being at 1.30 I right clicked at blue(back) side on 1.34. Yellow line "Stop loos Lay 0.00 at 1.34" has appeared in "Predicted profit on closing trade" window of Enhance Ladder interface.
Is this the right way to create Stop Limit?
If yes, how do I assign stakes?
If no, what should I do?
Thank you all.
Stop entry. (Stop to lay above/back below current market)
yes that is how you apply (manually) a stop on the ladder.
the six box's above the ladder that say "preset (back or lay)", is where you define your stakes.
if you have for example populated them as follows, £2, £4, £8, £16, £32, £64. clicking in the £16 box will select a stake of £16 and if you click on the ladder to place a back/lay that is the stake you will use.
the two to the left that state "standard" will depend on whether you are using liability or tick size staking. and again clicking in those will be your back stake in the top case, or your lay stake in the bottom case.
the one to the right is your net stake.
i really think you should download the pdf and READ IT; especially the bit about staking and stop losses .
then try it out on practice mode to make sure you understand how to the use the staking options correctly, before you go into any live markets and start clicking away.
the six box's above the ladder that say "preset (back or lay)", is where you define your stakes.
if you have for example populated them as follows, £2, £4, £8, £16, £32, £64. clicking in the £16 box will select a stake of £16 and if you click on the ladder to place a back/lay that is the stake you will use.
the two to the left that state "standard" will depend on whether you are using liability or tick size staking. and again clicking in those will be your back stake in the top case, or your lay stake in the bottom case.
the one to the right is your net stake.
i really think you should download the pdf and READ IT; especially the bit about staking and stop losses .
then try it out on practice mode to make sure you understand how to the use the staking options correctly, before you go into any live markets and start clicking away.
I did read it, but did not find an answer.
I'm not asking about regular stop.
I'm asking about stop limit.
Here is the difference.
Regular stop (what you tried to help me with)
Market is at 1.50
I back XYZ at 1.50 for 10 and then right clicked at blue 1.45 thus placing a stop order i.e. order to lay XYZ at 1.45 for 10.
That was PDF and videos explain and I got it.
The only question I have here is what would I do If I don't want to close the whole trade?
What if I want to be stopped out at 1.45 for 5 only instead of 10.
Or, better yet, after backing at 1.50 put automatic stops at 1.49, 1.48, 1.47, 1.46 and 1.45 at $2 each?
I did not see explanation for this kind of stuff anywhere.
Even a spreadsheet, where I an create
=IF(LTP=1.49,"LAY","") Odds 1.49 stake 5
scenario, does not seem to help.
What should I put in excel and where to create a scaling down stop order?
Stop Limit (or stop entry)
Market is at 1.50.
I don't want to get involved until and unless it moves
But if it goes up, I want to lay 2 at each 1.51,1.52,1.53,1.54 and 1.55 for the total of 10.
So the question is:
What should I do at 1.50 (either manually or by formula in excel) to make sure that what I want to happen at 1.51,1.52,1.53,1.54 and 1.55 will happen.
I hope I made it clear.
Thanks.
I'm not asking about regular stop.
I'm asking about stop limit.
Here is the difference.
Regular stop (what you tried to help me with)
Market is at 1.50
I back XYZ at 1.50 for 10 and then right clicked at blue 1.45 thus placing a stop order i.e. order to lay XYZ at 1.45 for 10.
That was PDF and videos explain and I got it.
The only question I have here is what would I do If I don't want to close the whole trade?
What if I want to be stopped out at 1.45 for 5 only instead of 10.
Or, better yet, after backing at 1.50 put automatic stops at 1.49, 1.48, 1.47, 1.46 and 1.45 at $2 each?
I did not see explanation for this kind of stuff anywhere.
Even a spreadsheet, where I an create
=IF(LTP=1.49,"LAY","") Odds 1.49 stake 5
scenario, does not seem to help.
What should I put in excel and where to create a scaling down stop order?
Stop Limit (or stop entry)
Market is at 1.50.
I don't want to get involved until and unless it moves
But if it goes up, I want to lay 2 at each 1.51,1.52,1.53,1.54 and 1.55 for the total of 10.
So the question is:
What should I do at 1.50 (either manually or by formula in excel) to make sure that what I want to happen at 1.51,1.52,1.53,1.54 and 1.55 will happen.
I hope I made it clear.
Thanks.
sorry misunderstood. then no there is a no such type of stop loss available. just the standard right click.
as for excel, it may be possible but once it fires, you will then have to reset/rearm it, if you wish it to fire more than once. rearming excel is a nightmare to achieve (with any consistantcy) in my limited experience.
as for excel, it may be possible but once it fires, you will then have to reset/rearm it, if you wish it to fire more than once. rearming excel is a nightmare to achieve (with any consistantcy) in my limited experience.
Thank you for your reply.
Its understood as far as limitations of a manual entry.
As for excel, it's strange, considering that almost in every excel video it's stated that possibilities for creating and implementing any imaginable scenario are virtually limitless.
What I'm looking for is far from exotic.
It's pretty basic. Even trivial, I'd say.
Maybe this thread should be moved into an excel forum for better chance to be seen by someone who might be able to help?
Its understood as far as limitations of a manual entry.
As for excel, it's strange, considering that almost in every excel video it's stated that possibilities for creating and implementing any imaginable scenario are virtually limitless.
What I'm looking for is far from exotic.
It's pretty basic. Even trivial, I'd say.
Maybe this thread should be moved into an excel forum for better chance to be seen by someone who might be able to help?