Topic: Break Even question


i want to know how it is working the Break Even. Why i can here change any points?

What did that points mean. I only know Break even will set on the price i have make an order. Or is that number which i can change on fsb the pips when i go long and it reaches for example 20pips higher and my break even is set 20pips so than the order will be odified to Break even?

Re: Break Even question

Yes, you set the Break Event "trigger" at points.

Lets say you set Break Even = 100 points.
When the strategy opens a long position and makes 100 points (10 pips) profit, the strategy sets Stop Loss of about  10 pips, which is equal to the opening price. If it happens that the markets changes downwards, the position will be closed at zero (Break Even).