1) First of all it is necessary to define the concept of "breakeven".
Breakeven - is the level of prices on the market, when the opening of the transaction, in the event of closure at the current price (the market), or at the closing of the profit or stop-loss will be closed with a zero result! This level is also called the "breakeven rate" or "Ground Level", "Close the deal to zero", "Move transaction to zero." That is, in other words, is the level of the closing of the opening price of the warrant.
Bezubytka used by all traders, both beginners and professional, so know how to rearrange a deal "to zero" is necessary for all.
To rearrange the deal in buzubytok or break even, do the following:
In MetaTrader 4, click on the open position 2 times in a terminal window
Then choose: the order type "Change Order"
In the "Stop Loss" is necessary to register the opening price of the warrant under consideration
We press the button "Change # ...... (number of open orders that are now taking to breakeven) buy (or sell) sl: .......... tp: ............ .. "
That's all! Open Transaction rearranged "zero" or "break even" and if the market after that will unfold in the direction of the stop-loss, the open transaction is closed with zero result, but without loss!
Note that the swap deal to breakeven only in the event that at the time of surgery, and the deal is positive at the minimum or more than the distance to the market price permitted by your broker forekc >>>.
2) Very often when trading on various forex strategies for this site or poforeks forecasts, it is necessary to close the deal in part, for example 10%, 30%, 50% or 80% or any other percentage. Partial closure of the profitable at a time when we know that the price is coming to an important level of resistance to movement of the price and it is possible to roll back and do not want to keep him in his position.
To close a part of the transaction (partially close the deal) in the Metatrader 4 trading platform, perform the following steps:
Again the same: click on the open trading position in Terminal 2 times
Then select: order type "Market Execution"
At the same time we are able to close the deal by the same amount that you entered into it initially (eg 1.0 lot)
But since we zotim partially close the deal, then choose the desired amount of it we, for example 0.5 or 0.01 Lot or any other!
After this, click "Close # ... .. (number of open orders is transferred to breakeven), the buy (or sell) VOLUME (selected by us)" currency pair "on the market" "- all part of the deal is closed!
Thus, you can many times to close the deal in part as long as the amount of the transaction will not be divisible by the minimum for your Broker. Very often in the forex trading strategies used in the permutation of zero together with the partial closing of the transaction, so it is very useful function!
3) Trailing Stop - a program written in the language of mql4 or built-in function of the trading terminal MetaTrader 4, which allows you to monitor the cost and move the stop-loss at a predetermined distance from the current price!
Prerequisite work Trailing Stop - included MT4 terminal and set parameters trailing!
To set a trailing stop on a trade position (open or pending order), follow these steps:
In the MT4 "Terminal" click on the already open trading position or deferred orzher the right mouse button
Then select from the dropdown "Trailing Stop" and in the menu - trailing stop size in points (this is the number of points to the price, which will move your stop-loss)
If you want to change the trailing stop - repeat the previous item and set the desired value in points
If you want to remove the trailing stop function - here choose "No" or "Delete All"!
The trailing stop can be changed in absolutely any time you wish, but I personally do not advise placing it very close to the market price, because In this case, the high probability of knocking out the trading position of the positive stop-loss or warrant the "stop-trade", as it is called.
If desired, you can use as trailing stops forex advisors:
1. A trailing stop of 1 item - this EA can be used as a trade adviser to the news or to accompany the products (replacement transaction to breakeven and off or trailing stop to all orders with a specified number of CMV points to the price and the trailing stop increments)
2. Universal trailing stop - a better forex advisor, has built 7 different types of trailing stop, that's the list:
- Transfer to breakeven and off!
- The same Trailinga stop of 1 item (when moving to the 1st paragraph allows your broker !!!)
Typically, this value is the minimum value to the market price of your broker. This value can be changed before and at the time of the news:
- Trailing stop allows to move the stop loss for candles shadows
- Trailing stop formed fractals,
- Trailinga stop at working on the value of the ATR indicator,
- Trailinga-stop permitting to move the stop-loss at the moving average (below average or above - depending on the type of transaction)
- Trailinga stop working on the set values of the indicator Forex Parabolic SAR (Parabolic SAR)
This same universal trailing stop allows you to accompany positions in the field of stop-loss (to reduce stop loss when the price moves in the direction of profit at a given distance) !!! This feature can be very useful feature when trading using forex strategies lokiruyuschih!
