Breakeven stop-loss

[trader6823]

Is there anyway you could add a feature to move a stop loss order to break even either automatically and also allow for a breakeven button or hot key to manually do this? I assume this would require canceling a stop order that has already then placed and then add a new one.

[Jerry Medved]

you can't automate it since at the time you are placing the initial order you cannot place a breakeven stop since it would basically execute right away. You can use a Saved Order or Hotkey for it. Just specify the following when defining the hotkey/Saved Order:
"PosPaid" in the STOP Price
"Pos" for the Quantity
"CancelThenSend" for the SEND - (this is assuming you want the command to be sent immediately when you execute that hotkey vs DROP. If you do DROP, then you will have to cancel first yourself or define that separate in hotkey def (cannot be done separately with Saved Order)

[tommyjames]

Hi,

When I try this for a short position it comes back with an error saying Invalid Quantity.  It looks like it is making the position quantity negative instead of a positive number.

[Jerry Medved]

abs(Pos)

[tommyjames]

Thanks so much!

[Mike Medved]

PosAbs as well.