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Breakeven point
N3kd0
 Post subject: Breakeven point Post rating: 0   New post Posted: Thu 10 Apr, 2014, 20:07 
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Joined: Sat 20 Oct, 2012, 12:23
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Location: Czech Republic, Ostrava
Hello,

I would like to ask you about one issue related to breakeven, Could you help pls?

I simply want to enter to the market on the previous high and in case my opened position reach 5 pips, i want to move sl on the breakeven point (entry) I have created the strategy but unfortunately there has to be something wrong since it does not work at all as well as using trailing stop block, it does not behave like it supposed to be :/

Could anybody pls tell me what is wrong with the strategy?

Image

Thank you


Attachments:
breakeven.vfs [44.46 KiB]
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breakeven.jpg [75.31 KiB]
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dirk_r1
 Post subject: Re: Breakeven point Post rating: 0   New post Posted: Fri 11 Apr, 2014, 08:27 
Visual JForex expert at Dukascopy
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Joined: Fri 03 May, 2013, 18:25
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Greetings!

Please have a look at the attached strategy.

As soon as your position has reached 5 Pips in profit, SL=OpenPrice is applied. After you have reached your breakeven, the Trailing Stop trails your position each 10 Pips.


Attachments:
breakeven_mod.vfs [49.22 KiB]
Downloaded 113 times
DISCLAIMER: Dukascopy Bank SA's waiver of responsability - Documents, data or information available on this webpage may be posted by third parties without Dukascopy Bank SA being obliged to make any control on their content. Anyone accessing this webpage and downloading or otherwise making use of any document, data or information found on this webpage shall do it on his/her own risks without any recourse against Dukascopy Bank SA in relation thereto or for any consequences arising to him/her or any third party from the use and/or reliance on any document, data or information found on this webpage.
 
N3kd0
 Post subject: Re: Breakeven point Post rating: 0   New post Posted: Sun 13 Apr, 2014, 10:54 
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Joined: Sat 20 Oct, 2012, 12:23
Posts: 9
Location: Czech Republic, Ostrava
Hello,

thank you for support, the strategy works, however i have realized it is a bit delayed

I changed the settings to have TP: 50pips, SL: 150pips, and trade daily chart. the settings of breakeven was set so when market reaches 10pips, it moves SL to open price. basically the settings of breakeven you posted remained the same.

As the market reaches 10pips, the SL is not moved to Breakeven immediately but after certain time that might be 2-3 following candles, regarding the situation it does not reach TP or SL and position remains open. In the picture bellow is situation when the price moved more then 10pips from the open, but then it changed direction and reached SL 150pips, even though there should be breakeven

Image



Can be somehow set the breakeven so that it is moved to open price immediately?


Attachments:
breakeven_mod_test.vfs [61.97 KiB]
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breakeven_delay3.jpg [255.19 KiB]
Downloaded 289 times
DISCLAIMER: Dukascopy Bank SA's waiver of responsability - Documents, data or information available on this webpage may be posted by third parties without Dukascopy Bank SA being obliged to make any control on their content. Anyone accessing this webpage and downloading or otherwise making use of any document, data or information found on this webpage shall do it on his/her own risks without any recourse against Dukascopy Bank SA in relation thereto or for any consequences arising to him/her or any third party from the use and/or reliance on any document, data or information found on this webpage.
 
dirk_r1
 Post subject: Re: Breakeven point Post rating: 0   New post Posted: Fri 09 May, 2014, 08:10 
Visual JForex expert at Dukascopy
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Joined: Fri 03 May, 2013, 18:25
Posts: 366
Location: GermanyGermany
Greetings!

Sorry for the delay.
Please find attached the immediate change of the BE.

Nice weekend!


Attachments:
breakeven_mod_test_mod.vfs [57.28 KiB]
Downloaded 133 times
DISCLAIMER: Dukascopy Bank SA's waiver of responsability - Documents, data or information available on this webpage may be posted by third parties without Dukascopy Bank SA being obliged to make any control on their content. Anyone accessing this webpage and downloading or otherwise making use of any document, data or information found on this webpage shall do it on his/her own risks without any recourse against Dukascopy Bank SA in relation thereto or for any consequences arising to him/her or any third party from the use and/or reliance on any document, data or information found on this webpage.
 
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