IB strategy - breakeven stop
auto-trades IB breakouts with retracement entries and moves your stop to breakeven after a configurable trigger.
information
IB strategy - breakeven stop|edgeful.com
what it does
this strategy extends the IB strategy by adding a breakeven stop feature. when price moves a specified percentage toward TP1, the SL automatically moves to breakeven (or a configurable level).
the move-stop feature works with the dual TP structure - after TP1 is hit and 50% of the position is closed, the breakeven stop helps protect the remaining position while allowing it to run to TP2.
key features
move stop to breakeven functionality
trigger based on distance from entry to TP1
configurable stop target level
day-of-week specific settings
all standard IB strategy features
explainer chart
IB strategy - breakeven stop|edgeful.com
