(2014-07-17, 09:22 AM)pcabc Wrote: I'm currently buying using fill or kill orders. My entries seem poor I am looking to see if I can find UK brokers that support buy stop limit orders to see if that improves my entry points. Currently I'm using Hargraves Landsdown who don't support them. I can only get stop loss orders on FTSE350 as well.
This seems easy to find for CFD accounts but I am looking for regular share accounts. Interactive Investor seem to be one option, at least for UK listed shares. Is anyone aware of any others?
Plan was to not use the buy stop limit orders quite as the book intends - set them for the breakout levels, but not as a 'fire and forget' rather try to set them a few days before a potential breakout or continuation. That way I'd hope to mitigate against loosing large percentages of any steep rise
This assumes I can spot a reasonable proportion of potential breakouts.
I guess your best bet like isatrader said is to look at Interactive Brokers. The last time I looked they boasted they had 38 different order types and their comms for LSE stocks were a flat £6. I think this is regardless of size but you will have to check that out. They do offer a subscription to the LSE order book. One thing to be aware of though is the pattern day trader rules if you opt for a margin account in case you have a busy week
