Free | Track and protect profits | Non-guaranteed
Like a limit, a trailing stop is designed to protect your profit. Place a trailing stop when you open your trade and it will move with your profit. If the market turns, your position will close out at your trailing stop’s new level, not the level you originally placed it at.
Using a trailing stop means you lock in profits without the need to manually monitor your position and adjust your stop.
In the new IG Trading platform, you can switch to trailing stops via the stops dropdown menu in the deal ticket.
You can also save your preferred stop for next time, so you won’t have to reselect it every time. Go to the ‘settings’ tab in the fly-out menu and enable the ‘stops and limits’ option.
To activate trailing stops in the classic platform, go to ‘my Account’ > ‘settings’ > ‘preferences’, select ‘allow trailing stops’, accept the T&Cs, and click ‘set preferences’.