Transaction based stop loss
This optional automatic risk-management tool is a must for beginners. It automatically sets a stop loss for every trade you open.
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. Please note that your specified target price may not be guaranteed due to market conditions.
When you open a new position the platform will automatically set a stop loss for that position equal to the margin requirement
You can adjust the stop loss level before you place your trade by amount or by number of points
You can also change your stop loss level at any time after you’ve placed your trade, either through your account or by clicking on the triangular trade icon on your chart, then clicking and dragging the red stop loss line.
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.