Hi
Is there a way to break even let's say after a certain amount of pips that you have made, can the stop loss move automatically to break even?
I am demo trading in the 4 hr TF and would like to place two orders one I would put the order to take profit at let's say 20 pips and I would be out with a 20 pip gain.
The other order I would like if the stop loss could move automatically to break even, after a certain amount of pips that way I can't loose, but will let it ride and see it it will make more pips. If it retraces back then it will hit my stop loss and I would break even with no loss.
Is there a way to break even let's say after a certain amount of pips that you have made, can the stop loss move automatically to break even?
I am demo trading in the 4 hr TF and would like to place two orders one I would put the order to take profit at let's say 20 pips and I would be out with a 20 pip gain.
The other order I would like if the stop loss could move automatically to break even, after a certain amount of pips that way I can't loose, but will let it ride and see it it will make more pips. If it retraces back then it will hit my stop loss and I would break even with no loss.