Command Keys
Stop Loss Management
Stop Loss Management
The second row of Command Keys manages your stop loss across all open positions. These are essential risk management tools that help you protect capital and lock in gains.
SL at Breakeven (SL→BE)
Moves the stop loss for all open positions to the weighted-average breakeven price.
How Breakeven Is Calculated
The breakeven price is the volume-weighted average entry price across all your open positions:
Breakeven = Σ(entry_price × lot_size) ÷ Σ(lot_size)
Example:
- Position 1: BUY 0.01 lots at 4490
- Position 2: BUY 0.01 lots at 4500
- Breakeven = (4490 × 0.01 + 4500 × 0.01) ÷ (0.01 + 0.01) = 4495
The stop loss for all positions is then set to 4495.
SL at Breakeven — Example
Validation Rules
| Direction | Condition Required | Reason |
|---|---|---|
| BUY | Current price above breakeven | SL must be below current price |
| SELL | Current price below breakeven | SL must be above current price |
If the condition is not met, the command is rejected. You'll see an error in the command history.
When SL→BE fails
If your positions haven't moved far enough into profit for the breakeven to be valid, the command will be rejected. Wait for price to move further in your favor before retrying.
SL at Entry (SL→ENTRY)
Moves the stop loss to the entry price of each individual position — unlike SL→BE which uses the combined breakeven.
How It Differs from SL→BE
| Feature | SL→BE | SL→ENTRY |
|---|---|---|
| Reference price | Weighted-average breakeven | Each position's own entry |
| Same SL for all positions | Yes | No — each gets its own entry |
| Best for | Multiple layers, one SL | Individual position protection |
Example:
- Position 1: BUY at 4490 → SL set to 4490
- Position 2: BUY at 4500 → SL set to 4500
Validation Rules
Same as SL→BE, but applied per position:
- BUY: Current price must be above the position's entry price
- SELL: Current price must be below the position's entry price
SL at Profit (SL @PROFIT)
Locks in a guaranteed profit by moving the stop loss a fixed number of pips from breakeven.
How It Works
- Click SL @PROFIT
- Enter the number of profit pips you want to lock in
- The SL is set at breakeven + your specified pips (for buys) or breakeven - pips (for sells)
Example (BUY positions):
- Breakeven = 4495
- You specify 10 pips of locked profit
- SL is set to 4495 + 10 = 4505
- Even if price reverses, you're guaranteed at least 10 pips of profit
SL at Profit — 10 pips locked
Risk-free trading
SL @PROFIT is perfect for moving into a risk-free position once price has moved significantly in your favor. You guarantee profit regardless of what happens next.
Move SL
Moves the stop loss to a specific price or pip offset from breakeven.
Two Modes
Price Mode:
- Enter an exact price (e.g., 4480)
- The stop loss for all positions is set to that specific price
Pips Mode:
- Enter a pip offset from breakeven
- The stop loss is calculated as: breakeven ± pips
- For BUY: SL = breakeven - pips (below breakeven)
- For SELL: SL = breakeven + pips (above breakeven)
Example (Pips Mode, BUY):
- Breakeven = 4495
- You specify 20 pips below breakeven
- SL is set to 4495 - 20 = 4475
Note
Move SL gives you the most flexibility for stop loss placement. Use Price Mode when you know exactly where you want the SL, or Pips Mode when you want it relative to your breakeven.