Breakeven is the point, where your trade neither makes nor loses money. In simple words, moving stop loss to breakeven is when your stop loss moves to breakeven (or your preferrable value), when a certain profit on your position is reached. The main goal of this feature is to have zero risk of losing money on a trade after your Move SL to breakeven triggers.
Each exchange applies different trade fees, which can potentially shift your breakeven point, resulting in an actual loss. To address this, we’ve proactively incorporated an adjustable Execution Price. This functionality allows you to account for these fees or fine-tune your stop-loss settings to secure profits from your trades effectively.
Examples:
1. You created a long position on BNB/USDT at $1,000. You set a Stop Loss at 1% ($990). You also enable "Move Stop Loss to Breakeven" and set Activation percentage at 3% ($1,030) with Execution percentage at 2% ($1,020). It means that Stop Loss will be adjusted to 2% after BNB/USDT will rise for 3%.
Example:
2. You created a short position on BNB/USDT at $1,000. You set a Stop Loss at 1% ($1010). You also enable "Move Stop Loss to Breakeven" and set Activation percentage at 3% ($970) with Execution percentage at 2% ($980). It means that Stop Loss will be adjusted to 2% after BNB/USDT will fall for 3%.
Example:
