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Break Even Add Pips ???

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Mike H.

Subscriber, bbp_participant, community, 76 replies.

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7 years ago #112272

Will someone please give me some examples about how to use “Break Even Add Pips”… I feel pretty stupid about asking the question, but I never had any success with using the condition… Add Pips??? How??? I cannot make any sense out of the phrase!!! I know about Break Even, but to Add Pips to Break Even… Should it be phrased in a different way???

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Mark Fric

Administrator, sq-ultimate, 3 replies.

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7 years ago #124970

Hello,

 

this parameter means that the Stop Loss will be not moved to entry price (= Break Even) but to additional few pips more.

 

So when the BE condition occurs than your SL will be moved for example to open price + 5 pips to lock at least some profit.

Mark
StrategyQuant architect

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Mike H.

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7 years ago #124993

Should one use only one BE method, being the use of either BreakEven or BreakEvenAddPips ?

 

Never Mind, I see that both have to be used… Thank You for the feed-back…

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Mark Fric

Administrator, sq-ultimate, 3 replies.

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7 years ago #125039

yes, you can use both, they complement each other.

 

BreakEven says when you want to move SL to break even

and BreakEvenAddPips says how many pips into profit you want to move the SL when this happens.

Mark
StrategyQuant architect

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