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A break-even price describes a change of value that corresponds to just covering one's initial investment or cost. Traders may use break-even prices to understand where a securities price must go to make a trade profitable after costs, fees, and taxes have been taken into account. | A break-even price describes a change of value that corresponds to just covering one's initial investment or cost. Traders may use break-even prices to understand where a securities price must go to make a trade profitable after costs, fees, and taxes have been taken into account. | ||
The | The Breakeven Stop strategy uses the PowerLanguage keyword [[SetBreakEven]] to place an order to exit all shares or contracts in all positions once a specified profit floor has been reached. The profit floor can be set on a total position basis, or on one contract/one share basis. The profit target amount is determined by the FloorAmt input. When the profit exceeds the breakeven profit floor, a stop exit order is generated at the entry price of the position. Check the related article on [[Strategy Properties]] for more info. The stop orders are stop market orders. If the price falls back to the entry price, a market order is generated and sent into the market. Breakeven Stop can be used to close both long and short positions. | ||
The | The Breakeven Stop strategy only takes effect once a certain level of profit is reached, so it is possible that in a given position, it may never take effect. Check the related articles on [[Breakeven Stop LX]] and [[Breakeven Stop SX]]. | ||
<div style="background-color: #E3FBE5;"> Commission or slippage are not taken into account for strategy calculation.</div> | <div style="background-color: #E3FBE5;"> Commission or slippage are not taken into account for strategy calculation.</div> | ||
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'''PositionBasis''' sets whether the breakeven floor is calculated on a position or per share basis, false by default. To calculate profit per position, enter true. | '''PositionBasis''' sets whether the breakeven floor is calculated on a position or per share basis, false by default. To calculate profit per position, enter true. | ||
'''FloorAmt''' sets the profit amount (in USD) that must be exceeded before the breakeven stop is activated. | '''FloorAmt''' sets the profit amount (in USD) that must be exceeded before the breakeven stop is activated, 1 by default. | ||
[[Category:Pre-built Signals]] | [[Category:Pre-built Signals]] |