just learnt a lesson, page-10

  1. 642 Posts.
    hi, i have been using ig recently, but use the dma part of trading where you can set your purchase price that your after and it will sit on the buy side until your order is filled. You cant use limit orders to exit at a profit on the dma platform though but can move stops up or just close your position when the price is reached.

    I had a look at the market maker side or otc which allows the limit and stop orders but the entry price is what is offered at the time so if had the position to open when the market opened it would buy at the opening price have a stop loss in place of 15 cents lower and a limit sell at 40 cents higher.

    If you click on the order to open tab on the mm deal ticket, you can click on the buffer box and have the price set to the price you want and it shouldnt go through if higher then your entry price.

    The dma part is possibly the better option but cant have orders in place to sell when profit target is reached.
 
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