As I mentioned earlier, I use the Breakeven function to help eliminate some losses when the EA is trading. I generally will set it to 3/4 of the takeprofit level. For example, if you set your profit level at 40 pips, your breakeven level will be 30 pips. Obviously you can set it to whatever floats your boat but I do advise not to set it too low as you will stop yourself out more often which is not what we want. 3/4 is generally past the 61.8 fib retracement ( roughly 24-25 pips) and if it is triggered, hopefully a reversal will soon show it's ugly head and the EA will be ready.

A good example is on this first statement in the last post. If you look at the fourth trade, our breakeven kicked in and stopped out with no loss instead of normally losing $30.00 ($10 a pip @.3 lots).

With out the breakeven function we would have made:

-$10 + -$10 + -$20 + -$30 + -$40 + +$240 = +$130

If you used the breakeven function you would've made $30.00 more:

-$10 + -$10 + -$20 + $0 + -$40 + +$240 = +$160