Transaction based stop loss
This useful risk management feature suggests a stop loss for every position you open, automatically.
Stop losses play a very important role when it comes to trading responsibly and managing your risk. You can choose whether you want to have our transaction based stop loss feature enabled or not. It suggests a stop loss for each position so that you always have one in place, so it’s a good safety net if prices move against you. You can never eliminate risk entirely, but transaction based stop loss helps you manage it.
Open a position
When you open a new position the platform will automatically set a stop loss for that position, equal to the margin requirement.
Adjust the stop loss
You can adjust the stop loss level before you place the bet, by amount or by number of points.
Changing your stop loss
You can also change your stop loss level at any time after your bet has been opened, either through your account or by clicking on the triangular trade icon on your chart, then clicking and dragging the red stop loss line.
Turning off the stop loss feature
It’s easy to turn off the transaction based stop loss feature in your account preferences. This will enable you to open positions without placing a stop loss order. Of course, you can always choose to add a stop loss to any open position, either when you are placing the trade or afterwards.