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Breakeven is a conservative exit strategy for exiting the market without losing any money (counting your transaction costs). If a long position is held, then the strategy will place a sell stop; and vice versa, if a short position is held, then it will place a buy stop. Define the profit needed to trigger this order, and once it triggers it will become active. If the price is reached, then the order will be executed.
Trigger level for Buy order should be reached on the Ask price at broker in order to activate the Breakeven order. Trigger level for Sell order should be reached on the Bid price at broker in order to activate the Breakeven order.
==Appearance==
To modify default Breakeven Parameters:
# Right-click the Breakeven icon http[[File://www.multicharts.com/img/wiki/strategies/35breakeven.png ]] in the Exit Strategy menu to see the shortcut menu.
# Click '''Edit…'''
# Modify activate at profit and transaction costs values in '''Activate at Profit''' and '''Transaction Costs''' boxes.
Auto Attach Breakeven Exit Strategy to orders by one of the following methods:
* Right-click the Breakeven icon http[[File://www.multicharts.com/img/wiki/strategies/35breakeven.png ]] in the Exit Strategy menu to see the shortcut menu, then check '''Auto Attach to Orders'''; or:* Double-click the Breakeven icon http[[File://www.multicharts.com/img/wiki/strategies/35breakeven.png ]] in the Exit Strategy menu; or:
* Enable '''Auto Attach to Orders''' feature in the Place Strategy window when applying the strategy.
# Open '''Strategy Parameters''' window by one of the following methods:
#* Right-click the Breakeven icon http[[File://www.multicharts.com/img/wiki/strategies/35breakeven.png ]] in the Exit Strategy menu to see the shortcut menu, then click '''Save as Template'''; or:
#* Click on the '''Save as Template''' button in the '''Place Strategy''' window when applying the strategy.
# Modify default Breakeven Parameters.
