Guaranteed stop-loss orders

Guaranteed stop-loss orders protect your positions by guaranteeing to exit your trades at the exact price you specify, regardless of market volatility. This is different from stop-loss orders, which may be filled at a worse price level than the one you may have requested due to “slippage”. GSLOs incur a fee (or GSLO premium), but this is only charged if the GSLO is triggered.

To add a GSLO to an order, simply tap the stop loss button and set your GSLO level either by price or select the level by the number of pips away from the entry price at which you would like your GSLO to be triggered. A GSLO must be placed a 'minimum distance' away from the entry price. This minimum distance is displayed on the ticket. The GSLO will be selected automatically here when adding a stop.

If a trade has a GSLO associated with it, this is displayed on the portfolio/trades screen like a normal stop loss, with an additional “G” next to the stop loss level.

• Stop loss is now the default on all trade orders. GSLOs can be selected from the drop-down order list.
• GSLOs can only be placed (or added to a position) during market hours. They can be added to an order (or existing position) by toggling the stop loss button on the order ticket.
• A GSLO must be placed further than the ‘minimum distance’ from the entry price. This minimum distance is displayed on the ticket.
• The GSLO premium, which is only charged if the GSLO is triggered, is displayed below the stop loss entry field.
• During market hours, a GSLO can be modified so long as it meets the minimum distance criteria, while outside of market hours, you can only move a GSLO further away from the current market price.
• The GSLO will remain until you close the trade out or the GSLO is executed. A GSLO attached to a limit or stop order can be cancelled.

• If you have multiple trades open on the same instrument with multiple GSLOs, the minimum distance applies between each GSLO as well as with the market price.
• You cannot place GSLOs on instruments where you have both long and short positions at the same time (hedged trades).
• If you attach a GSLO to an order or trade on OANDA Trade, you will not be able to modify this on MT4 and it will appear as a normal stop loss within the MT4 platform.
• Orders submitted via MT4 will perform a margin check using the standard margin requirement, even if a stop loss order is attached.