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Stoplevel and freezlevel

fredricktroy (fredricktroy)
Sep 19 2012 at 08:06
67 Posts
Who can comprehensively explain them both to me?

......Keep On Swinging!
CrazyTrader (CrazyTrader)
Sep 19 2012 at 08:50
1718 Posts
Hi,

The freeze Level is the range between the current market price and the trade's price you try to place (pending order). If the freeze level from your broker is 10 it means that if current market price on EURUSD is 1.3050, you can only place pending orders @ 1.3060 or 1.3040.
All you have to know is if the freeze level is > 2 pips, you can consider that your broker is really bad!!!

fredricktroy (fredricktroy)
Sep 19 2012 at 14:42
67 Posts
What of if my broker's freezelevel is less than 2,would scalping and placing of pending orders beneficial to me?
And what is Stoplevel?

......Keep On Swinging!
ForexScam
Sep 20 2012 at 00:54
1008 Posts
stoploss level is a CUSHION to prevent modifying your Stoploss too close to current price, just like the Freeze level.

both are used to keep scalpers from working as they should . FINFX ECN accounts have 0 for both

fredricktroy (fredricktroy)
Sep 21 2012 at 10:54
67 Posts
Thanks for your replies. So if i may ask,which one affects scalpers the most? Freezelevel or Stoplevel?

......Keep On Swinging!
CrazyTrader (CrazyTrader)
Sep 28 2012 at 22:17
1718 Posts
As Trick or treat said... both are not friendly to traders.
Both are boring to sclap market.
The most annoying is probably the freeze level because you can be to far from the market and your order will never be triggered... you can avoid freeze level so you don't use pending order.

RollingStones74 (RollingStones74)
Nov 12 2012 at 06:38
76 Posts
I would add: stoplevel usually works both for stop loss and take profit.

And freezlevel is kinda old school. My broker doesn't use it already...

If you want to end up with a nonaverage net worth, a “learn from someone else” attitude is paramount. Putting your ego aside and admitting that you don’t know it all isn’t easy, but it is the mindset of true winner ----Paul Tudor Jones.
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