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Created page with "==Breakeven== thumb|right|Breakeven Exit Strategy on the chart thumb|right|Breakeven Exit Strategy in the DOM window..."
==Breakeven==
[[File:BreakevenOnChart.png|thumb|right|Breakeven Exit Strategy on the chart]]
[[File:BreakevenInDOM.png|thumb|right|Breakeven Exit Strategy in the DOM window]]
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.
===Appearance===
Breakeven Exit Strategy is displayed as yellow marker on the chart connected to the order price label on the price scale with a dotted line and as yellow marker in the DOM window.
For the '''chart window''', connecting line length can be modified in [[Chart Trading#Appearance|Format Chart Trading]] menu.
For the '''[[Depth of market (DOM)|DOM window]]''', default Breakeven Exit Strategy order marker color can be modified in [[Depth of market (DOM)#How to Customize DOM Colors|Format Colors]] menu.
<div style="background-color: #E3FBE5;">Note: When Breakeven Strategy is auto attached to an order and '''has not been triggered yet''', inactive orders are indicated as semi-transparent. </div>
===Applying Breakeven Exit Strategy===
* Drag-and-drop the Breakeven icon http://www.multicharts.com/img/wiki/strategies/35.png to an active order or open position '''on the chart'''; or:
* Drag-and-drop the Breakeven icon http://www.multicharts.com/img/wiki/strategies/35.png to an active order or open position '''in the [[Depth of market (DOM)|DOM window]]'''; or:
* Right-click on the active order or open position on the chart to see the shortcut menu, select '''Attach Exit Strategy''' and click '''Breakeven'''.
* Right-click on the active order or open position in the '''[[Depth of market (DOM)|DOM window]]''' to see the shortcut menu, select '''Attach Exit Strategy''' and click '''Breakeven'''.
* Right-click on the Breakeven icon http://www.multicharts.com/img/wiki/strategies/35.png in the Exit Strategy menu to see the shortcut menu and check '''Apply To Open Position'''.
===Breakeven Strategy Parameters===
To modify default Breakeven Parameters:
# Right-click the Breakeven icon http://www.multicharts.com/img/wiki/strategies/35.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.
'''Activate at Profit''' level defines the profit level needed to trigger breakeven. It may be set in ticks or percent.
'''Transaction costs''' level defines the level of the breakeven order taking into account the transaction costs/commission that should be paid in order to exit the market without losing any money. '''Transaction Costs''' level can be set in ticks or percent.
To change level indication type, click the '''Tick/Percent''' button.
Click '''More parameters >>''' to show '''Time In Force''' box (see [[Chart Trading#Setting Time in Force|Time in Force]] section) and '''Stop Loss''' type buttons.
'''Stop Loss''' type buttons allow to choose the type of the Stop Loss order: '''Stop Market''' or '''Stop Limit''' with adjustable offset.
To save custom parameters, click '''Save'''.
===Auto Attach===
Auto Attach Breakeven Exit Strategy to orders by one of the following methods:
* Right-click the Breakeven icon http://www.multicharts.com/img/wiki/strategies/35.png in the Exit Strategy menu to see the shortcut menu, then check '''Auto Attach to Orders'''; or:
* Double-click the Breakeven icon http://www.multicharts.com/img/wiki/strategies/35.png in the Exit Strategy menu; or:
* Enable '''Auto Attach to Orders''' feature in the Place Strategy window when applying the strategy.
<div style="background-color: #E3FBE5;">Note: When Breakeven exit strategy is auto attached, custom parameters will be used. </div>
When one or several Exit Strategies auto attached, the '''Pause/Auto Apply''' button with the number of auto attached exit strategies in brackets will be shown in Exit Strategy menu. Click '''Pause''' to temporarily disable auto attach feature.
When auto attach feature is paused, '''no''' Exit Strategies will be automatically applied to an each new entry.
To re-enable auto attach feature click '''Auto Apply'''.
===Saving as Template===
To save the parameters as a template:
# Open '''Strategy Parameters''' window by one of the following methods:
#* Right-click the Breakeven icon http://www.multicharts.com/img/wiki/strategies/35.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.
# Click '''Save'''.
# Choose the '''Breakeven Template''' icon .
# Enter Breakeven Template name.
# Click '''OK'''.
[[Category:Orders and Strategies]]
[[File:BreakevenOnChart.png|thumb|right|Breakeven Exit Strategy on the chart]]
[[File:BreakevenInDOM.png|thumb|right|Breakeven Exit Strategy in the DOM window]]
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.
===Appearance===
Breakeven Exit Strategy is displayed as yellow marker on the chart connected to the order price label on the price scale with a dotted line and as yellow marker in the DOM window.
For the '''chart window''', connecting line length can be modified in [[Chart Trading#Appearance|Format Chart Trading]] menu.
For the '''[[Depth of market (DOM)|DOM window]]''', default Breakeven Exit Strategy order marker color can be modified in [[Depth of market (DOM)#How to Customize DOM Colors|Format Colors]] menu.
<div style="background-color: #E3FBE5;">Note: When Breakeven Strategy is auto attached to an order and '''has not been triggered yet''', inactive orders are indicated as semi-transparent. </div>
===Applying Breakeven Exit Strategy===
* Drag-and-drop the Breakeven icon http://www.multicharts.com/img/wiki/strategies/35.png to an active order or open position '''on the chart'''; or:
* Drag-and-drop the Breakeven icon http://www.multicharts.com/img/wiki/strategies/35.png to an active order or open position '''in the [[Depth of market (DOM)|DOM window]]'''; or:
* Right-click on the active order or open position on the chart to see the shortcut menu, select '''Attach Exit Strategy''' and click '''Breakeven'''.
* Right-click on the active order or open position in the '''[[Depth of market (DOM)|DOM window]]''' to see the shortcut menu, select '''Attach Exit Strategy''' and click '''Breakeven'''.
* Right-click on the Breakeven icon http://www.multicharts.com/img/wiki/strategies/35.png in the Exit Strategy menu to see the shortcut menu and check '''Apply To Open Position'''.
===Breakeven Strategy Parameters===
To modify default Breakeven Parameters:
# Right-click the Breakeven icon http://www.multicharts.com/img/wiki/strategies/35.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.
'''Activate at Profit''' level defines the profit level needed to trigger breakeven. It may be set in ticks or percent.
'''Transaction costs''' level defines the level of the breakeven order taking into account the transaction costs/commission that should be paid in order to exit the market without losing any money. '''Transaction Costs''' level can be set in ticks or percent.
To change level indication type, click the '''Tick/Percent''' button.
Click '''More parameters >>''' to show '''Time In Force''' box (see [[Chart Trading#Setting Time in Force|Time in Force]] section) and '''Stop Loss''' type buttons.
'''Stop Loss''' type buttons allow to choose the type of the Stop Loss order: '''Stop Market''' or '''Stop Limit''' with adjustable offset.
To save custom parameters, click '''Save'''.
===Auto Attach===
Auto Attach Breakeven Exit Strategy to orders by one of the following methods:
* Right-click the Breakeven icon http://www.multicharts.com/img/wiki/strategies/35.png in the Exit Strategy menu to see the shortcut menu, then check '''Auto Attach to Orders'''; or:
* Double-click the Breakeven icon http://www.multicharts.com/img/wiki/strategies/35.png in the Exit Strategy menu; or:
* Enable '''Auto Attach to Orders''' feature in the Place Strategy window when applying the strategy.
<div style="background-color: #E3FBE5;">Note: When Breakeven exit strategy is auto attached, custom parameters will be used. </div>
When one or several Exit Strategies auto attached, the '''Pause/Auto Apply''' button with the number of auto attached exit strategies in brackets will be shown in Exit Strategy menu. Click '''Pause''' to temporarily disable auto attach feature.
When auto attach feature is paused, '''no''' Exit Strategies will be automatically applied to an each new entry.
To re-enable auto attach feature click '''Auto Apply'''.
===Saving as Template===
To save the parameters as a template:
# Open '''Strategy Parameters''' window by one of the following methods:
#* Right-click the Breakeven icon http://www.multicharts.com/img/wiki/strategies/35.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.
# Click '''Save'''.
# Choose the '''Breakeven Template''' icon .
# Enter Breakeven Template name.
# Click '''OK'''.
[[Category:Orders and Strategies]]