Break-Even Stop
Also called: BE stop
Moving your stop-loss to the entry price once the trade is in profit — risk-free from that point on.
Definition
A break-even stop is a manual or automated move of your SL to entry price once price has moved a certain distance in your favour. Once moved, the worst case is zero (minus spread/commission).
Common rule: move to break-even after price has covered the initial risk (1R). The trade can no longer lose money, but it can also stop you out on small retracements before resuming.
Example
Buy at 1.0800, SL 1.0780 (20-pip risk). Price reaches 1.0820 (+20 pips = 1R). Move SL to 1.0800. Trade is now risk-free.
Why it matters
Moving to BE too aggressively (e.g. after just a few pips) gets you stopped on noise. Wait for at least 1R of confirmation.