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Created page with "Closes out the entire position or the entry if it is at the breakeven point after the profit has reached the specified value; generates the appropriate Stop order depending on..."
Closes out the entire position or the entry if it is at the breakeven point after the profit has reached the specified value; generates the appropriate Stop order depending on whether the position is long or short.
[[SetStopPosition]] and [[SetStopContract]] or [[SetStopShare]] functions determine whether SetBreakEven will be applied to the entire position or to each contract or share individually; by default, SetBreakEven is applied to the entire position.
SetBreakEven function is evaluated intra-bar and not only on close of a bar, and can exit within the same bar as the entry.
==== Usage ====
<syntaxhighlight>SetBreakEven(Profit)</syntaxhighlight>
Where: [[Profit]] - a numerical expression, specifying the currency value of the profit that must be reached first
==== Notes ====
This function can only be used in signals.
SetBreakEven function does not factor in commissions or slippage.
==== Example ====
<syntaxhighlight>Generate an exit order for the entire position if it is at the breakeven point after position profit
has reached $50:
SetStopPosition;
SetBreakEven(50);
Generate an exit order for the entry if it is at the breakeven point after per contract profit has
reached $10:
SetStopContract;
SetBreakEven(10);</syntaxhighlight>
[[Category:Strategy Orders]]
[[SetStopPosition]] and [[SetStopContract]] or [[SetStopShare]] functions determine whether SetBreakEven will be applied to the entire position or to each contract or share individually; by default, SetBreakEven is applied to the entire position.
SetBreakEven function is evaluated intra-bar and not only on close of a bar, and can exit within the same bar as the entry.
==== Usage ====
<syntaxhighlight>SetBreakEven(Profit)</syntaxhighlight>
Where: [[Profit]] - a numerical expression, specifying the currency value of the profit that must be reached first
==== Notes ====
This function can only be used in signals.
SetBreakEven function does not factor in commissions or slippage.
==== Example ====
<syntaxhighlight>Generate an exit order for the entire position if it is at the breakeven point after position profit
has reached $50:
SetStopPosition;
SetBreakEven(50);
Generate an exit order for the entry if it is at the breakeven point after per contract profit has
reached $10:
SetStopContract;
SetBreakEven(10);</syntaxhighlight>
[[Category:Strategy Orders]]
