For automatic trailing stops use any broker utilizing Metaquotes software. http://www.metaquotes.net. This software includes of monitoring stops and its own neat, feature
For automatic trailing stops use any broker utilizing Metaquotes software. http://www.metaquotes.net. This software includes of monitoring stops and its own neat, feature
Hi Merlin.
Being the head of this household which broker do you advoe or would move for??
Sunny
I have been messing about with forex.com. It is different from FXCM in that you indie lots rather than indiing how much money you want to put down (unless, of course, I am looking at it wrong. I am still relatively new) . That is kind of cool, great to understand what your money is actually doing. I can not find anything about monitoring stops however, in any of the documentation or any place in the true platform. I am also curious about this:
In the rare case that the market gaps over a requested rate, the stop is filled at the best available price.
Does that imply that if the market jumps your stop, there's a possibility you'll incur much more losses? I am aware that FXCM makes it deliberately clear where it is placed by you, regardless your stop becomes stuffed.
FXCM was chased by me in their spreads. They provide a 3 pip spread on some currencies in their 100,000 lot accounts. Mini accounts get a 5 pip spread on those very same currencies (EUR/USD for instance.)
My error, FXCM works by specifying how many units (k) that you would like to buy. Where I have the thought that you specify just how much cash you would like to put to a position I don't know.
Btw, at the Forex.com platform, Trailing Stop is a type of order. If you hit on new in the order section, specify which you want it to be a trailing stop. Play it, you are going to get it.