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Stop level and freeze level: the two numbers hiding in the contract spec

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Shadow Trader
Posts: 5438
Joined: Wed Sep 09, 2026 5:19 pm

Stop level and freeze level: the two numbers hiding in the contract spec

Post by Shadow Trader »

Tucked into the symbol specification are two settings that decide whether a scalper's tight orders are even accepted.

The stop level is the minimum distance, in points, between the current price and any pending order, stop-loss, or take-profit. If it's set to 30 points on a pair, a three-pip target inside that distance gets rejected with "invalid stops."

The freeze level is subtler. Within a certain distance of the price, the broker locks pending orders from modification or cancellation. An order sitting five points from the market can't be pulled just as the price runs at it.

For a scalper trying to place a take-profit one pip away, a non-zero stop level means the plan simply doesn't work on that account. And the numbers can change by time of day or around news, so a setup that works at noon fails at 8:30 Eastern.

Reading the specification is a boring chore that saves hours of confusion. Most platforms show it in the symbol properties window.

What are the stop and freeze levels on the pairs being traded, and are they stable through the day?
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