Breakeven Management

"Cut your losses short and let your winners run."

The most frustrating experience in trading is watching a winning trade turn into a loser. Breakeven (BE) Management eliminates this by automatically securing your entry point as soon as specific milestones are reached.

How it Works

When a trade hits a designated Take Profit level (usually TP1), TTMT interacts with MetaTrader to modify the Stop Loss of all remaining open positions for that trade.

• Original SL: Below entry (Risking capital).
• New SL: At Entry Price + Small Buffer.

Now, if the market reverses, you get stopped out at your entry price. You lose nothing (and usually cover swap/commissions), earning a "Risk-Free" trade.

Configuration

You can customize Breakeven behavior in your Trading Settings:

Trigger Level

Choose when BE is activated (supports TP1-TP6 or disabled):

• After TP1: (Default) Secure trade after the first target is hit. Most conservative.
• After TP2: Give the trade more room to breathe before securing breakeven.
• After TP3-TP6: Advanced options for specific strategies requiring deeper profit confirmation.
• Disabled (0): Breakeven only triggers on manual channel commands.

Breakeven Offset (Pips)

We don't just move SL to exactly entry, we move it slightly above entry to cover trading costs.

• Default: +2 pips (configurable in settings).
• Purpose: Covers spread, commission, and swap fees so the trade is truly net zero or slightly positive.

Visual: Before vs After Breakeven

The diagram below shows a BUY trade. Before breakeven, your Stop Loss is below entry (risking capital). After TP1 hits, the SL moves above entry to secure a risk-free position.

Key Point

After breakeven activates, if price reverses and hits your new SL, you exit at entry + buffer. You lose nothing (and often cover spread/swap costs). The trade becomes "risk-free".

Channel Specific Commands

Some advanced Telegram channels send specific commands like:

"Move SL to Breakeven now!"

TTMT's AI parses these commands and will execute a manual Breakeven move immediately, even if TP1 hasn't been hit yet, keeping you in sync with the signal provider's strategy.