Trailing Breakeven point

[ardi]

Hi there
I'd like to lock in my profits when the trade is in the profit. which means when the trade moves to the direction i want (15 pips in profit), bring the stop loss 15 pips in front of my order and protect the profits.

I tried trailing stop, however, i did everything i could to make it work but no success. it seems that i can't get my stop loss, trailing step and trailing stop to work together. I use big stop losses (100pips and over).

Breakeven point seems much more easier and more straight forward. when trade goes 15 pips in profit, stop loss is moved (15 pips offset from the order price) .

Trade is closed either by hitting the take profit or newly moved stop loss (15 pips profit).

only problem, profits would be much much greater if it was possible to move the breakeven point (SL) as the trade continues to move in the same direction.

I understand it's almost like the trailing stop, but unfortunately can't figure out how to work with it.

maybe we can trail the break even point, or somehow implement this with trailing stop.

Any help on this matter is greatly appreciated.
thanks

[fxDreema]

Break even - this moves SL only once. Trailing stop - this moves SL many times.

Break even is like stripped version of Trailing stop and you can actually emulate break even behaviour with the Trailing stop block.

There are many options in Trailing stop. Maybe you want to just put some kind of delay and start trailing SL after few pips of profit are gained. For this, look at the "Start" option.

[ardi]

Thanks for your reply.
I've been looking for the start "option", but my noob brain can't figure out where to find it.
is it possible to demonstrate this in an example please?

Thanks

[fxDreema]

http://prntscr.com/a7j5tx