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Please
explain what the 'Break Even' (BE) line is on the Point
Calculator.
Answer:
The
'Break Even' line represents a 76% retracement of the primary
move marked up by the Point Calculator. The value of 76%
can be edited to any percentage.
The
'Break Even' value represents the point where you may wish
to move your 'Stop' up to the Entry Price. Therefore if
the Trade does not make it through the 76% retracement you
should be stopped out with No Loss, i.e. Break even.
The
'Break Even' line does not reflect the the point at which
your trade breaks even. You could close your trade at the
''Break Even' and to make a profit.
Reference:
Q071102a
Written : 2 November 2007
Revised :
TESS Version 4.0.14
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