Example strategies

Targets are in R, the distance from your entry to your stop.

Scale out#

1. 3R
   On Binanceclose the rest
2. 2R
   On Binancetake 50% off
3. 1R
   On Binancetake 33% off
4. entry
   Your fill
5. −1R
   On Binance

The stop stays at −1R, so a reversal after 1R loses on the last two thirds.

Breakeven, then run#

1. 3R
   On Binanceclose the rest
2. 1R
   On Binancetake 50% offmove the stop to break-even
3. entry
   Your fill
4. −1R
   On Binance

Set Break-even means to the whole trade at zero to count the half taken.

Break-even only#

At 1R, move the stop to break-even. At 2R, close the position.

A stop move alone puts no order on Binance. HookTrader moves the stop when it sees price reach 1R.

Add to a winner#

At 1R, add 50% to the position, then move the stop to break-even. At 2R, take 50% off. At 3R, close the rest.

Without the stop move, only the first entry is covered. See Adding to a position.

Trail with the Signal Connector#

At 1R, take 33% off. At 3R, close the rest.

Set the connector's Trailing Stop Mode and Activate Trailing After TP 1. Each trail alert tightens your stop. See Set the stop and targets.