How does Break-Even work?

[esrusesns]

You are going to have to place your oders in multiples of the amount of take profit levels you want. I believe what you mean by breakeven is thst once in profit, you may transfer your stoploss up to a degree where if triggered, your loss is zero.

[novesdaribua]

Subsequently it was what I thought. Thank you very much for your response!

[Testesroces]

Yup, you may not profit but on a positive note you didn't shed! Thats break even, at least its way better than shedding

[katudoSbttqw]

Moving to second the previous post but just one quick question, why not use a monitoring stop..given your query. .

[dunacoNesSa]

I was wondering if anybody could tell me break even functions? For instance: I buy something at 1.5 USD, my stoploss is at 0.5 and also my take profit is at 2.5. When my target is hit (2.5) then the trade is completed and will close down? I need to have the ability to set up multiple take profit goals, how can you guys do that? Split your orders? Ever since I would like to buy in 1.5, have my stoploss in 0.5 and two distinct take profits, first one at 2.5 and second one at 3.5, When 2.5 is hit I want to transfer the stoploss into 1.5. Also I am using Metatrader 4, demo account... you could use expert advisors (ea) for that. Among the most famous is your mptm (multi purpose trade manager) by steve hopwood, watch also for details/further connections: https://www.forexforum.co.za/general-forex-discussion/80-metatrader-save-charts-ascii.html

[novesdaribua]

I was wondering if anyone can tell me how break actually functions? For instance:

I buy something at 1.5 USD, my stoploss is at 0.5 and my take profit is at 2.5.

When my goal is hit (2.5) then the trade is done and will shut down? I need to have the ability to prepare multiple take profit goals, how can you guys do this? Split up your orders?

Ever since I would love to buy in 1.5, possess my stoploss in 0.5 and two different take profits, initial one at 2.5 and second one in 3.5, When 2.5 is hit I wish to move the stoploss into 1.5.

Also I'm using Metatrader 4, demo account of course. Sorry for my poor english but I hope you know.

Greetings!