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Can I move my Trade to break-even?
Can I move my Trade to break-even?
Updated over a week ago

Of course you can! Just keep in mind that the SL cannot be closer than 5 pips to the current price.

Example: if you enter a trade at 1.2000 and the price moves in your favor to 1.2050, you might want to move your Stop Loss to break-even at 1.2000 to protect your position from any losses. However, if the current price is 1.2050, you must ensure that your Stop Loss is at least 1.2045 or further away.

This rule ensures that your trade has enough room to move without getting stopped out prematurely due to minor fluctuations.

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