“Break even” means moving your stop loss to your entry price so the trade can no longer lose (aside from spread/fees).
On TradeLocker, the Break Even action quickly adjusts your stop loss to the exact entry level once your position has moved in your favor.
Go to your open position
Open the Trades panel and select the trade you want to adjust.Click the Break even icon
This sets your stop loss or take profit to your entry price.Tick the box to include fees and swaps
This ensures your break-even level accounts for all costs. This step is optional.Confirm the change
Your stop loss or take profit is now set at entry.
Traders use it to protect a trade after an initial move, reduce downside risk, and free up mental bandwidth while letting the position run toward take profit. It’s typically applied after a specific profit threshold or structure confirmation, depending on your plan.
Keep in mind that moving to break even can lead to earlier stop-outs during pullbacks, so it’s best used with a clear rule (for example, after price has moved and held beyond a key level).