Minimum distance

Hi,

I was reading the terms and the « Latency Trading » and it is vague. Is there a minimum distance of profit required? I like to play safe with a distance of 1 to 10. Would that be a problem with higher benefits ? When do T212 consider something isn’t right ?

Regards,
Al.

Hello! Since you can place your order and the system approves your criteria - it is all good. Keep in mind that every instrument has different required minimum pending distance & there is not such a condition as a minimum profit. However, you should be aware that Scalping is forbidden at our platform.

Scalping ” means a speculative type of trading where the opening and closing of a position is executed within a very short timeframe (e.g. five minutes or less);

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Thank you Martin.

I have others question, just for the sake of clarification:

  1. What if i choose a small distance with a certain amount of take profit, and suddenly the market rockets up and my order gets closed sooner than the minimum 5 minutes, would that be considered scalping ?

  2. If I am aiming at a certain price target, but i feel the market is suddenly going to plunge abd wish to close my order with a profit. All of this under the 5 min bar, is it also considered scalping ?

It would be a shame to have to wait 5 minutes and see potential loss just for the sake of waiting a minimum of time…

Regards,

I would say that scalping is trading behavior specializes in profiting off small price changes in many trades for a short period. Nevertheless, If you have several trades in 5 minutes from their opening, it won’t be treated as abusive trading style.

Restrictions may occur if we notice a significant amount of trades accompanied by holding time less than several minutes.

@Martin
Is there an exact definition of scalping? What is the exact time frame for the position to be considered scalping and abusive trading style? I’ve seen in the T&C just “(e.g. five minutes or less)”… but the problem is the “e.g.”, which suggest one of the examples for the scalping, but no the exact definition. If I have e.g. 100 trades within 6-10 minutes time frame each, would you have the right to block my account? I am not staying that I’m intending to do so, I would like just to clarify everything before I start trading for the very first time.
Also, I would be more than grateful to learn about any other important restrictions I should be aware of while trading and investing.
Thank you!

@global.nomad What you see in T&C is our understanding of scalping.
Having 100 trades with a combined avg. hold time of 6-10 minutes doesn’t meet that definition.
Also, this doesn’t mean that if you make one trader under 5 minutes, we’ll immediately consider it a breach of the agreement, It’s only an issue if it’s systematic & that’s your exclusive way of trading.