Hi all. Following signals, finding it fairly simple but I’m stumped as to what the above message means. Can anyone clarify?
Thanks in advance.
SL means “stop-loss”.
But can you quote more of the message to give context?
I thought that might be the case. The message literally says “Move SL to +/-”. Normally I’ll get “Move SL to entry” which I obviously understand. The +/- confuses me here. If it’s break even, surely that’s the same as entry?
I also see signals saying “Close +/- 0”. No idea what this means either.
Edit: more context. These signals are quoting previous signals, one of them quotes a signal saying to sell, just saying “SL +/O”.
I haven’t seen this phrasing before but I wonder if they mean move the stop-loss to break-even? At b/e your gain/loss is 0, whether you close the trade or let a SL close it for you. But it seems a not very clear way of writing.
More I think about it, the more I think it’s another way of saying ‘move stop loss to break even’, eh?
Yeah I haven’t seen that phrase either but if I had to guess, I’d go with what @ipete says, maybe breakeven.