Break-even trading tactics.

Every trader would like their trades to close only with a profit, but the standard trading terminal provides two options for closing trades: take-profit with a profit and stop-loss with a loss.

A trailing stop is an additional solution, but it has some drawbacks that traders don't fully appreciate.

To reduce the number of losing trades and thereby increase overall financial results, other approaches can be used.

Primarily, this includes moving the stop-loss to the break-even zone or even locking in a certain amount of profit.

This can be done in two ways:

• Manually - as soon as the profit exceeds 15 points, you can move the stop loss to 0 or wait a couple more minutes and lock in part of the profit. Modifying the order is quite inconvenient, so it is recommended to use the " Placing stop orders with the mouse " script, with its help you can drag the stop loss to the desired location simply with the mouse.

• Automatically - in this case, the well-known " Breakeven Script " is used, using this tool you will be able to set a stop loss at a specified distance in the breakeven zone.

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

However, 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 it will be possible to avoid losses.

The key to any breakeven trading is that the open position must first exceed the broker's commission and show some profit. Trades that immediately go into the red will, unfortunately, remain unprofitable.