How To Calculate Breakeven?

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fxdaytrader
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Re: How To Calculate Breakeven?

Post by fxdaytrader »

whpatton » Mon Dec 30, 2013 5:25 pm wrote:
fxdaytrader wrote: breakeven=entry price - ((orderswap+ordercommision)*Points)
hehe, you cannot mix these things together.

to demonstrate why let us fill the words with values:
breakeven = 1.3000 price - (7 USD) * 0.00001 points -> this cannot work ;)

I think what you mean is the stoplevel, read about that at http://book.mql4.com/appendix/limits
you have to check if the distance between the current price and the desired stoploss-price is at least = the stoplevel
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