Break even rules

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  • #9323
    Cesar Bahnerth
    Participant

    Hi All,

    I have 3 TP’s

    20 pips/ 50 pips and 100 pips..

    When TP 1 is hit i want the other 2 set to BE and when let’s say price is 10 pips away from TP 2 i want to set the SL to TP 1 price..

    So i wont lose my profits if price turns..

    Is something like that possible.. I only see set price to open price or previous TP but what would the scenario be if TP 1 is hit? WOuld price go to BE if i have the option at previous TP or?

    Thanks already:)

    #9325
    Cesar Bahnerth
    Participant

    And is it possible to set the lot size to a % per TP.. So for example Tp 1 gets 0,5% risk, tp 2 gets 0,3% and TP 3 0,2% so that in total it would be 1%

    Its because i have different lot sizes

    #9332
    Veronika Momir
    Moderator

    Hello Cesar,

    The option “at previous TP” will set the SL to open price when TP1 is hit and will move it to TP1 when TP2 is hit, and so on.

    About the lot size, at the moment it’s possible to set custom lot size for each TP, but not as a percent. You can find it in “Select the money management method” – “Custom lot split”. We’ll be adding more risk management options in future versions.

    Telegram.Forex

    #9348
    Cesar Bahnerth
    Participant

    Cool nice thanks and with the trailing stop function.. If i set my setting to “at previous TP”.

    And set trailing stop loss to 10 pips wil SL go 10 pips in profit after every 10 pips in profit or?

    After TP 1 20 pips, my 2nd TP2 is 50 pips and if possible i want to like if its 30 pips in profit SL would move 10 pips in profit and so on otherwhise is can lose a lot of profits if ti wil return to opening price

    Thanks in advanced 🙂

    #9403
    Veronika Momir
    Moderator

    Hi Cesar,

    I think it’s best to use one of the options, BE or trailing, because they could interfere with each other. In the future, we can make them be compatible.

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