Topic: Is there Break Even available?
Hi,
Is it possible to move a trade to Break Even in FSB?
Thank you!
- Popov
- Lead Developer
- Offline
Re: Is there Break Even available?
No you cannot.
Re: Is there Break Even available?
Break Even is a very important feature when testing strategies. I'll be glad to have it.
Thanks!
Popov wrote:
No you cannot.
- Popov
- Lead Developer
- Offline
Re: Is there Break Even available?
I'm not sure what exactly you need. Something like a Trailing Stop that puts exit at break even price?
Re: Is there Break Even available?
Yes, exactly! But it should move the Stop-Loss only once, when price will achieve a level which we set for Break Even.
Also, we have to be able to use Break Even with any other Exit Strategy.
BTW, there some problems with setting Exits. For Example:
I cannot use both Stop Loss and Take Profit (two separate commands, instead of "Trailing Stop Limit").
Or, let's say, I want to close position (with Profit or Loss) when Bar will be closed below MA(21) and also need to have Stop Loss = 30 pips - it seems we cannot use both conditions for Exits at the same time (and other cases).
Thank you!
Popov wrote:
I'm not sure what exactly you need. Something like a Trailing Stop that puts exit at break even price?
- Popov
- Lead Developer
- Offline
Re: Is there Break Even available?
chief2000 wrote:
I cannot use both Stop Loss and Take Profit (two separate commands, instead of "Trailing Stop Limit").
Or, let's say, I want to close position (with Profit or Loss) when Bar will be closed below MA(21) and also need to have Stop Loss = 30 pips - it seems we cannot use both conditions for Exits at the same time (and other cases).
You can 
Permanent Stop Loss - -30
...
...
[Closing Point of the Position]
Bar Closing
Exit the market at the end of the bar
Base price - Close
[Closing Logic Condition]
Moving Average
The bar closes below the Moving Average
Smoothing method - Simple
Base price - Close
Period - 14
Shift - 0
Use previous bar value - No
- Popov
- Lead Developer
- Offline
Re: Is there Break Even available?
chief2000 wrote:
I cannot use both Stop Loss and Take Profit (two separate commands, instead of "Trailing Stop Limit").
Or, let's say, I want to close position (with Profit or Loss) when Bar will be closed below MA(21) and also need to have Stop Loss = 30 pips - it seems we cannot use both conditions for Exits at the same time (and other cases).
You can
Permanent Stop Loss - -30
...
...
[Closing Point of the Position]
Bar Closing
Exit the market at the end of the bar
Base price - Close
[Closing Logic Condition]
Moving Average
The bar closes below the Moving Average
Smoothing method - Simple
Base price - Close
Period - 14
Shift - 0
Use previous bar value - No
Re: Is there Break Even available?
You right, but Permanent SL cannot be optimized together with other parameters, so I don't use it.
Thank you for the fast reply!
Popov wrote:
chief2000 wrote:I cannot use both Stop Loss and Take Profit (two separate commands, instead of "Trailing Stop Limit").
Or, let's say, I want to close position (with Profit or Loss) when Bar will be closed below MA(21) and also need to have Stop Loss = 30 pips - it seems we cannot use both conditions for Exits at the same time (and other cases).You can
Permanent Stop Loss - -30
...
...[Closing Point of the Position]
Bar Closing
Exit the market at the end of the bar
Base price - Close[Closing Logic Condition]
Moving Average
The bar closes below the Moving Average
Smoothing method - Simple
Base price - Close
Period - 14
Shift - 0
Use previous bar value - No
- zenoni
- Licensed Member
- Offline
Re: Is there Break Even available?
Hello
Please read this post also: http://forexsb.com/forum/topic/1170/bre … r-fsb-fst/
chief2000 wrote:
Hi,
Is it possible to move a trade to Break Even in FSB?
Thank you!
Re: Is there Break Even available?
Thank you for the information!
It might be used as a temporary solution for a specific strategy, but unfortunately not when
running Strategy Generator. The good news is that the feature will be available soon
zenoni wrote:
Hello
Please read this post also: http://forexsb.com/forum/topic/1170/bre … r-fsb-fst/chief2000 wrote:Hi,
Is it possible to move a trade to Break Even in FSB?
Thank you!