Hello every body. Every time i reach the half way mark of a take profit i decide to move my stopp loss to break even. The report shows i have a lot of break evens (the report i have constructed). Is that a good thing ? breaking even a lot of the time ?
Not if it means you’re getting taken out of a lot of trades that would otherwise have been good gainers for you.
So how would i adress it ? any ideas ?
Don’t be so aggressive moving your stop and only place the stop at a point unlikely to be hit within the scope of a normal market swing.
Maybe your TP level is too “greedy” I dont know how you trade or how you get your signals but the breakevens could either be failed trades, or good trades but a TP too large. It is up to you to decide which it is. If they are failed trades then your BE are doing their job, if they are good trades then you need to lower your TP
Rhody brings up a great point in the it is a good idea to observe what would have happened had you not adjusted your stop. Would those break evens turned out to net profits over time? Knowing this will help you weigh out whether you are more comfortable holding onto trades with an unadjusted stop vs. quickly reducing your risk. Observing what type of market environments will help you weigh out the risks as well.
Another thing you can do is to take some profit as you adjust your stop to break even. This will reduce your max gain, but if your trading method or system produces a lot of break even trades, then you will at least collect small profits until you hit a big winner.
Break even is better than a loss, but maybe you move to BE to soon and not let the trade mature?
A simple remedy could be opening two half trades (thus making one whole regular trade…). When you feel its time to move to BE you close out trade nr 1 thus make some profit, and leave trade nr 2 in the game but with the stop loss set to BE.
Your money, your call 
The thing is i have found a system that is really working making a lot of pips. Most of the time im hitting my take profit, but their are times were its about to hit my take then it goes back to my adjusted stopp loss of break even. There are times when it saves me from a loss though so its a catch 22 !
ajust the system so u take profit at atleast 10 pips, i recommend using a trailing stop order 
I have done that but it always gets taken out at 10 pips. The reason i set it at 0 (break even) was to give it space to hit my take profit. 
It’s only a catch 22 if you are break even on your account for all trades.
If you are consistently making a profit that adds to your account on other trades, don’t rue the ones that come back to break even.
What size t/p are you talking about?
It might be helpful to know what you are working with.
Most of the take profits are around 40 pips and my stopp losses are around 10 pips. Around 70% of trades are hitting take profits but then 20% are breaking even with 10% hitting my stopp loss. The thing is my volume is really high, so if i can find a way in juicing out the trades that break even that will be great.
If your really winning 70% of the time with a 4:1 R/R ratio why would you even want to change your system? Keep it the way it is and invite me to your millionaire party in a year.
Really, even if you only won 50% of the time and lost the other 50% that would be great with a 4:1 RR. Dont fix what isnt broken. Keep in mind that in 100 trades, you earn 2800 pips and lose 100 for a net gain of 2700 pips. Pretty good.
I agree maybe im being greedy. I bought this system from a student in liverpool university.
Honestly I wouldnt even touch it, just trade it as is. Depending on how often you take trades will determine how fast your bank account increases. Just dont forget me in a year or two