Break Even : Does it work for you?

[Dua Yong Rew]

It seems break even and trailing stop doesn't seem to work so good.

[Mirza Baig]

doshur:
It seems break even and trailing stop doesn't seem to work so good.

But it does protect/preserve the capital, if it doesn't help in making profits.

[LEE Chun Wing]

only work on 9-11.5 month

[Dua Yong Rew]

kelly:
only work on 9-11.5 month

?

[Dua Yong Rew]

Shunmas:
But it does protect/preserve the capital, if it doesn't help in making profits.

so statistically it should prove whether it maximize the profit or not right

[Mirza Baig]

doshur:
so statistically it should prove whether it maximize the profit or not right

You are just protecting the spread. If you TP is 100 pips, and the trade is in 70 pips profit, of course, if you simply put a breakeven stop (which would be entry price + spread), then if the price comes back and hit breakeven stop, the trade is almost wasted and closed at 0.00

So how it would maximise the profit. It simply preserves the capital. :)

[Michele Lazzarini]

BreakEven move the StopLoss closer to the current price and thus increases the probability of the StopLoss being hit.
You need to maintain a minimum distance from the StopLoss and the check the direction of the price before move it.
The question is not if it works, but how you use it.

[Francis Dogbe]

oddpip:
BreakEven move the StopLoss closer to the current price and thus increases the probability of the StopLoss being hit.
You need to maintain a minimum distance from the StopLoss and the check the direction of the price before move it.
The question is not if it works, but how you use it.

True talk my friend 

[Pasi Hakamaki]

kelly:
only work on 9-11.5 month

Interesting... Would like more details

[Zheng He]

You're pretty much closing the gap to let your trade/ profits run I would think. If you move your stop up, then chances are your trade with be closed out and you just gave away free commission to your broker. Compare this to actually using a stop loss, the greater leeway will give trades room to fluctuate and find a direction for it to move. If it moves against you, trade will be closed. If it moves in your favor, it beats re-entering a break even trade.