Break even

[skaab]

Hello,

I start using the FTMO robot yesterday and I observed that break even don’t work.

[Alan Northam]

If you place a Breakeven of 300 points this means that after your trade makes a profit of 300 points or more and the trade reverses direction Breakeven will place a breakeven order to protect your account from loss. The SL in the EA properties box will not change. The breakeven order will override SL price.

Alan,

[skaab]

Heloo

Yes I know, but that didn’t happen in a trade of EURUSD ?

[Alan Northam]

Hi skaab,

Which EURUSD are you referring too?  Can you provide the magic number so I can check on it?

Alan,

 

[skaab]

Where I can find the magic number ?

And the robot excuted more trades today in another and there is the same problem of the beak even.

[Alan Northam]

Better yet just click on F7  and show me a screenshot of the EA Properties Box.

[skaab]

[Alan Northam]

So here is what happens.  When you get an entry signal a trade of 0.85 lots is opened.  No additional lots can be added when a new entry signal is given because the maximum position size is set to 0.85.  Then when a reversal signal is given the lot size is reduced to 0.00 closing out the trade because the Amount to Close on reduction is set to 0.85.  Since the trade is closed out when the trend reverses SL is not moved to breakeven.

Alan,

 

[skaab]

Hello

So I think I should change the amount to close on reduction to 0.0 lot to solve this problem.

 

[Benedikt Schneider]

Hello, I have the same problem. No additional trade with breakeven will be opened. See appendix. What exactly is the error here?

[Benedikt Schneider]

[Benedikt Schneider]

Could you please upload a screenshot of how exactly the lots should be set.

[Alan Northam]

To show a screenshot of exactly how to set up the lots depends upon how you want the EA’s to function.

Alan,

[skaab]

I reduced the amount to close in reduction but I still have the same problem with the break even, I need to have a solution for that because I lost trades with this problem.

 

[Benedikt Schneider]

nor does the bot recognize a trend reversal in order to exit the current trade earlier.
Is this due to the same problem? All my trades run either in the SL or in the TP.

[lucket]

Hello, does this option also work in version 5.0 (Break Even)?
Thank you very much!

[Alan Northam]

No! V5 is a different strategy.

Alan,

[Author]

Posts