Managing P1 and P2 at IG Index
Posted by Paul Ridout on 28 March 2018 01:57 PM
  • To partially automate the taking of a first profit target in a spread bet at IG, it is useful to place two orders, each for half of your total bet, with the same entry level and stop-loss on each. 
  • On one order only, enter your P1 value as the 'Limit'. 
  • The Limit will trigger a closure as your P1 level is touched, traded through or passed by a gap.  
  • If you have notifications and alerts set up in your account you will be notified of the closure and profit taken, so all that remains is to check in and manage the second half of the trade using Guy's Dynamic Trailing Stop method.

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