Automations & Strategy

Move SL to breakeven on TP1 — how I configured it

By Nora · · 88 votes · 5 comments · 4048 views

Receiver settings → Trade Management → enable 'Move SL to breakeven on TP1'. Set the buffer to +1 pip on the entry direction. Works for MT4/MT5 receivers, not currently for Tradovate.

5 comments

Marcus K. · @marcus_fx ·

0.5% per trade on a prop is the right number. Anyone going higher is gambling with the firm's money.

Score: 14

Priya V. · @priya_v ·

Reverse-copy: I tested for 6 weeks. Slightly +EV but the variance was brutal. Not recommended unless you have a huge sample.

Score: 11

Dominik · @dom_eu ·

The session filter dropping at the receiver (not blocking at sender) is exactly what I wanted. Didn't realise it worked that way.

Score: 9

Marcus K. · @marcus_fx ·

0.5% per trade on a prop is the right number. Anyone going higher is gambling with the firm's money.

Score: 14

Priya V. · @priya_v ·

Reverse-copy: I tested for 6 weeks. Slightly +EV but the variance was brutal. Not recommended unless you have a huge sample.

Score: 11