Hello fellow FF members
I would like to consult you all on your preferences or opinions on which brokers having lower Stop Level.
Stop Level is the minimal value in pips where you can place an Order/SL/TP from each other and also current price.
For example I am using IG and have Stop Level of 50points (=5pips) on EU. That means
1. If the current price is 1.00000, I can only place orders <0.99950 or >1.00050
2. If I am in a trade and price is 1.00000 and want to move my SL/TP, I can only move them to <0.99950 or >1.00050
3. If I place an order at 2.00000, my TP/SL have to be <1.99950 or >2.00050
which I find it a bit inconvenient as sometimes I do have pretty tight SL/TP.
thanks and all ideas are welcome
I would like to consult you all on your preferences or opinions on which brokers having lower Stop Level.
Stop Level is the minimal value in pips where you can place an Order/SL/TP from each other and also current price.
For example I am using IG and have Stop Level of 50points (=5pips) on EU. That means
1. If the current price is 1.00000, I can only place orders <0.99950 or >1.00050
2. If I am in a trade and price is 1.00000 and want to move my SL/TP, I can only move them to <0.99950 or >1.00050
3. If I place an order at 2.00000, my TP/SL have to be <1.99950 or >2.00050
which I find it a bit inconvenient as sometimes I do have pretty tight SL/TP.
thanks and all ideas are welcome