How To Set Breakeven On A Trade

Set Breakeven moves your stop loss or take profit to your entry price with one click, so if price reverses to where you entered, your trade closes at zero instead of a loss.

Set Breakeven moves your stop loss or take profit to your exact entry price. If price hits that level, your trade closes at zero - no profit, no loss. Protecting your capital as a trade moves in your favour is one of the most consistent habits of disciplined traders. Set Breakeven makes that adjustment instant, with no manual typing required.

Two ways to set breakeven

You can set breakeven directly from the Open Positions table, or through the Modify Position panel. Both do exactly the same thing. The quick action is faster when you are watching a live trade; the Modify Position panel is useful when you are already editing the position's stop loss or take profit at the same time.

Method 1: Quick action from the positions table

Step 1: Locate your open position

Go to Trading in the left sidebar. Scroll down to the Open Positions tab at the bottom of the screen. Find the position you want to move to breakeven.

Step 2: Click the breakeven icon

On the right side of the position row, you will see three action icons. Click the middle icon (the two-line equals symbol). Hovering over it shows the tooltip Move take profit to entry price.

Step 3: Confirm the breakeven

A confirmation popup appears showing your entry price. For example: Take profit will be moved to your entry price of 4,038.63. Click Set Breakeven to confirm, or Cancel to dismiss without making any changes.

Method 2: Through the Modify Position panel

Step 1: Open the Modify Position panel

In the Open Positions table, click the pencil icon on the right side of the position row (tooltip: Modify Position). The Edit panel will slide open on the right side of the screen, showing the position's entry price, lot size, stop loss, and take profit.

Step 2: Click Set Breakeven in the panel

At the bottom of the Edit panel, click the Set Breakeven button (the two-line symbol with the text). A confirmation message will appear within the panel, showing the exact price your take profit will move to.

Step 3: Confirm

Click Set Breakeven to confirm. Your take profit updates immediately to your entry price. You do not need to click Save Changes separately - the breakeven action saves on its own.

Tip: Use the Modify Position panel when you want to adjust your stop loss at the same time as setting breakeven. You can update the stop loss field and then click Set Breakeven in the same editing session.

What happens to your trade after setting breakeven

Once confirmed, your take profit line on the chart moves to your entry price. Your stop loss does not change. From that point:

If price continues in your favour and the position closes at your original take profit level, you exit in profit as planned.
If price reverses and reaches your entry price, your trade closes at breakeven: no gain, no loss.
If price drops past your entry and hits your stop loss, the stop loss triggers as normal and you take that predefined loss.

Warning: Setting breakeven moves your take profit, not your stop loss. If price drops sharply below your entry, your stop loss is still the line that protects you. Make sure your stop loss is set at a level you are comfortable with before using Set Breakeven.

Reference: Open Positions action icons

Icon	Action
Pencil	Modify Position - opens the Edit panel to adjust stop loss, take profit, and access Set Breakeven
Two-line equals (≡)	Set Breakeven - moves take profit to entry price immediately with a one-click confirmation
X	Close position - exits the trade at the current market price

FAQ

Does Set Breakeven move my stop loss or my take profit?

It moves your take profit to your entry price. Your stop loss stays exactly where it was. This means you are not removing downside protection — you are simply adding a level where the trade will exit at zero if price reverses back to where you entered.

What if I don't have a take profit set on my position?

Set Breakeven requires a take profit to be active on the position. If you haven't set one, open the Modify Position panel, enter a take profit value, and then use Set Breakeven. Alternatively, set your take profit when placing the trade initially.

Can I undo a breakeven after setting it?

Yes. Open the Modify Position panel (pencil icon), and manually change the Take Profit field back to your intended level. Click Save Changes to apply.

Can I set breakeven on a trade that is currently at a loss?

Yes. Set Breakeven moves your take profit to your entry price regardless of your current P&L. If price is below your entry and you set breakeven, your take profit moves to the entry level. If price recovers and hits entry, the trade closes at zero.

Does Set Breakeven work on pending orders?

No. Set Breakeven only works on open, live positions shown in the Open Positions tab. It is not available for pending orders.