Breakeven is the point where your trade neither makes nor loses money. In simple terms, moving the stop loss to breakeven means adjusting your stop loss to the breakeven point (or your preferred value) once a certain profit level is reached on your position. The main goal of this feature is to eliminate the risk of losing money on a trade after your Move SL to breakeven is triggered.
Each exchange applies different trading fees, which can potentially shift your breakeven point, resulting in an actual loss. To address this, we’ve 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 create 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). This means that Stop Loss will be adjusted to $1,020 (2%) after BNB/USDT rises by 3%.
Example:
2. You create a Short position on BNB/USDT at $1,000. You set a Stop Loss at 1% ($1,010). You also enable "Move Stop Loss to breakeven" and set Activation percentage at 3% ($970) with Execution percentage at 2% ($980). This means that Stop Loss will be adjusted to $980 (2%) after BNB/USDT drops by 3%.
Example:
