![\"Break-Even](\"https:\/\/www.Growlonix.com\/support\/wp-content\/uploads\/2020\/04\/Breakeven-stop-loss.png\")
<\/p>\nThe purpose of a Break-Even Stop is to make a trade risk-free once price moves in your favorable direction beyond a certain point. A simplest example could be to move the stop loss to entry price once the price has reached 50% of the given profit target.<\/p>\n
Here break-even stop loss becomes a moving target stop loss if profit target is more than 2.<\/p>\n
Moving targets stop loss means the bot will move your stop loss to the price of the previous take-profit target, the one before the new take-profit target that is reached.
More specifically, when the first target-profit is reached the stop will be moved to the breakeven price, when the seconds take-profit target is reached the stop will be moved to the first take-profit target price and so on.<\/p>\n
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To illustrate the most simple use case lets take above example shown in the image.<\/p>\n
Trade Entry Price = 0.00206560<\/strong><\/p>\n Stop Loss (SL) at -5%<\/strong> of entry price<\/p>\n Take Profit target 1 (TP1) at 10%<\/strong> of entry price<\/p>\n Take profit target 2 (TP2) at 20%<\/strong> of entry price<\/p>\n If a user has enabled Break-Even option for this trade then following will happen:<\/p>\n TP1 is HIT -> SL will move to entry price 0.00206560<\/strong><\/p>\n TP2 is HIT -> SL will move to TP1<\/p>\n …….<\/p>\n TPn is HIT -> SL will move to TP n-1<\/p>\n If there are more profit targets then SL will keep moving up the ladder in a similar fashion.<\/p>\n NOTE:<\/em><\/span> Growlonix supports Break-Even stop functionality only in the case of multiple profit targets. If a trader wish to use a single profit target then it is suggested to create two profit target and set Volume to zero in the first target.<\/p>\n","protected":false},"excerpt":{"rendered":" The purpose of a Break-Even Stop is to make a trade risk-free once price moves in your favorable direction beyond a certain point. A simplest example could be to move the stop loss to entry price once the price has reached 50% of the given profit target. Here break-even stop loss becomes a moving target […]<\/p>\n","protected":false},"author":1,"featured_media":0,"menu_order":0,"comment_status":"open","ping_status":"closed","template":"","format":"standard","article-category":[31],"article-tag":[],"class_list":["post-3393","article","type-article","status-publish","format-standard","hentry","article-category-order-types"],"yoast_head":"\n