Breakeven is a one-shot modifier: when unrealized profit reaches trigger percent of the entry price, the stop is moved to the entry price. From that point the trade can't take a real loss (excluding slippage and fees).
Shape
"breakeven": {
"enabled": true,
"trigger_pct": 2.0
}Params
enabled- toggle on/off.- trigger percent - profit threshold (percent of entry price) at which the stop moves.
Usage
Most useful on strategies where the first leg of the move is fast but the rest is uncertain. Locks the winner without giving up the runner.
Pitfalls
- Tight trigger gets hit on noise. A 0.3% breakeven trigger on a noisy timeframe will move the stop, get tapped on retrace, exit at breakeven, and miss the real move.
- Stop at entry is still inside spread + fees, meaning a "B/E" exit usually loses a few bps.