Break-even trading tactics.

Every trader would like his transactions to be closed only with a profit, but the standard version of the trading terminal provides two options for closing transactions - by take profit with a profit and by stop loss with a loss.

An additional solution is trailing stops, but working with this tool has some disadvantages that are not entirely suitable for traders.

To reduce the number of unprofitable transactions and thereby increase the overall financial result, you can use other approaches.

First of all, this is moving the stop loss to the break-even zone, or even fixing a certain amount of profit.

This can be done in two ways:

• In manual mode - as soon as the profit exceeds 15 points, you can move the stop loss to the 0 mark or wait a couple more minutes and fix part of the profit. Modifying an order is quite inconvenient, so it is recommended to use the script “ Setting stop orders with the mouse ”, with its help you can drag the stop loss to the desired place simply with the mouse.

Break-Even Script is used , using the tool you will be able to set a stop loss at a given distance in the break-even zone.

An alternative approach would be to place a pending order, but in the opposite direction, which will open as soon as the profit on the first trade drops to zero. In fact, this is standard position locking , which is often used in Forex.

But in this case, you will already complicate the work, since you will have to make a decision on two orders at once, although in this case you will be able to avoid losses.

The main condition for any break-even trading is that the open position must first overcome the broker's commission and show a certain amount of profit. Transactions that immediately went negative will, unfortunately, remain unprofitable.