Auto Break-Even for MetaTrader
Shift your Stop Loss to entry price automatically as soon as trades hit your profit threshold.
What It Does
Auto Break-Even (Auto BE) eliminates the emotional stress of winning trades reversing into losses by automatically snapping your Stop Loss to entry price.
How It Works in ChartWise
- Choose the trigger source: a fixed pip distance (default 10 pips) or a multiple of your stop distance (From SL, default ×2).
- Add a plus-pips offset past entry to cover round-trip commission. The default is +0, so nothing is added until you set it.
- Manual override: tap
SL → BEon mobile anytime.
Settings & Configuration Options
| Setting | Options | Default | Description |
|---|---|---|---|
| Trigger Source | Fixed (pips) / From SL (×multiplier) | Fixed | Fixed waits for a pip distance in profit; From SL fires at your stop distance × the multiplier. |
| Trigger Distance | Numeric value | 10 pips | Pips in profit required before the SL modification fires (used in Fixed mode). |
| Plus Pips | Numeric value | +0 pips | Offset past entry when BE fires, to cover round-trip commissions. |
When to Use It
- Scalping & Day Trading: Lock in fast momentum bursts without manual screen monitoring.
- Breakout Strategies: When trading key resistance breaks that should not pull back deeply.
"The moment a trade enters breakeven, emotional anxiety drops to zero."
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