Confused about auto-breakeven settings

Traders Helping Traders Tips and tricks
1

I’m trying to do the following:

  • Initial SL at 5 points
  • SL move to breakeven at 4 point profit trigger
  • SL move to 4.5 after 5 point profit trigger
  • SL move to 5 points after 5.5 profit trigger

How would I accomplish this? Thanks in advance

2

here’s how you could try to set it up adjust your auto-breakeven settings to first move the sl to breakeven when the profit reaches 4 points then add trailing stop rules to incrementally adjust the sl to 4.5 at 5 points and to 5 at 5.5 points some platforms may not support this level of precision directly so you might need to manage it manually or use tools like pickmytrade to automate these steps more effectively