I was wondering if anyone could tell me how break even works? For example:
I buy "something" at 1.5 USD, my stoploss is at 0.5 and my take profit is at 2.5.
When my target is hit (2.5) then the trade is done and will close down? I need to be able to set up multiple take profit targets, how do you guys do that? split up your orders?
Since i would like to buy at 1.5, have my stoploss at 0.5 and 2 different take profits, first one at 2.5 and second one at 3.5, When 2.5 is hit i want to move the stoploss to 1.5.
Also I'm using Metatrader 4, demo account of course. Sorry for my bad english but i hope that you understand.
Greetings!
I buy "something" at 1.5 USD, my stoploss is at 0.5 and my take profit is at 2.5.
When my target is hit (2.5) then the trade is done and will close down? I need to be able to set up multiple take profit targets, how do you guys do that? split up your orders?
Since i would like to buy at 1.5, have my stoploss at 0.5 and 2 different take profits, first one at 2.5 and second one at 3.5, When 2.5 is hit i want to move the stoploss to 1.5.
Also I'm using Metatrader 4, demo account of course. Sorry for my bad english but i hope that you understand.
Greetings!