Breakeven Loss

Created at 13 Dec 2023, 14:40
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lukhanyomichaelzweni

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Joined 14.09.2021

Breakeven Loss
13 Dec 2023, 14:40

When Ever I Take a Trade and it Gets into Profit, I Put My SL On Breakeven, Whenever It Gets Hit, It Always Ends Up With a Small Loss Not Breakeven…I have to put my SL a Few Pips (3 To 5 Pips) Above/Below Entry Price To Make Sure I Breakeven In Case My SL Is Hit…Please Check This Out, ItCosts Us a Lot Of Money…Thank You

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@lukhanyomichaelzweni
Replies

Shares4UsDevelopment
15 Dec 2023, 08:17

How do you calculate the BreakEven ??
Are yout taking into account : Spread, Commission and Swaps and bad filling?

@Shares4UsDevelopment

lukhanyomichaelzweni
15 Dec 2023, 08:35 ( Updated at: 15 Dec 2023, 14:58 )

RE: Breakeven Loss

Yes…all am saying is that when i put my SL at my entry point and it gets hit, i shouldn't experience a loss no matter how small it is, the profit/loss should be zero dollars.

 

@lukhanyomichaelzweni

cranmer767
18 Jan 2024, 13:20

Setting your SL to the same price you entered at does not take into account spread or commission. Calculate how many pips are equal to the spread and any commission. Apply this to your entry plus maybe an additional pip for good measure to insure you actually get out at BE.

@cranmer767
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