Breakeven and trailing stop
Breakeven & trailing
Your trade was 50 pips in profit, then closed at a loss. Here is how to stop that.
Breakeven
- Move the stop to entry after about 1R
- Now the trade cannot lose
After about one R in profit, move your stop to the entry. Now it cannot lose.
Trailing
- Move the stop behind each new swing
- Lock profit while the trend runs
Then trail the stop behind each new swing to lock profit while the trend runs.
In GOFX AI
- Every update is a notification
- "Stop moved to entry" · "profit locked"
GOFX AI sends every update, like stop moved to entry or profit locked, as a notification.
Learn it, then trade it with signals.
GOFX AI scans gold around the clock and sends setups with entry, stop loss and take profit to your phone - every win and loss published.
GOFX AI scans gold around the clock and sends setups with entry, stop loss and take profit to your phone - every win and loss published.
Trading involves risk. Lessons are for education, not financial advice.