 Hello and welcome to the breakevenpoint add-ons video. In this video we'll be going over how to use the breakevenpoint add-on. Like all other add-ons, you can find them within the add-ons tab within the knowledge base, under breakevenpoint indicator here. Simply download the Jafar and follow the installation process. Once you've had that installed, go over to the add-ons page and you can see the breakevenpoint add-on here. Now this is broken up into the breakevenpoint tab and the commissions tab. Make sure to always include commission as this will give you the most accurate and wholly true in terms of profit and loss, as each exchange or brokerage takes different commission, either per contract, per order, or a percentage of the order. For instance, finance futures take 0.08%, take care and make a give or take. Once the breakevenpoint tab you have a line, width and two colors respectively for long and short. And also a check mark for either resetting on zero or not resetting on zero. What this will mean is if I were to check mark this on, we'll treat each new trade as an independent event. Unchecking this will make sure every event within a session, so however long you have broken up open for, a concurrent event. I like having this unchecked as it will track your total PNL across a trading session. This is much more useful when you are trying to account for the much loss you want to actually sit through before taking a hit. Let's get started with trading now. Let's say I wanted to enter into a sell position here for 10 contracts on the Bitcoin USDT pair. Let's go ahead and press play on the replay mode and as you can see I get checked in and now I just wait and see. The moment I enter into a trade you have a counterpart green line to say this is your breakevenpoint. As you can see my entry and my breakevenpoint are two separate lines as I've included commission. If you did include commission this would have been at the same level but everyone deals with commission and that's why you include it. As you'll be logged into a false sense that breaking at the same price you bought at will mean breakeven, but well and truly you would have lost some profit to commission and the larger your size is the more commission the exchange takes. So now let's say if I were to enter into buy back and just send this limit here and let's say I want to buy back at these levels and let this play out. So now I've successfully sold that short that stays here and ends at this point that's where it's successfully sold and now no longer needs to track my breakevenpoint. And the line below is my entry for long for 10 contracts. As you can see here this breakevenpoint is much lower than the actual price entry. If it was an independent event my breakevenpoint would be here. But since it's tracking my progress throughout the session it also notes that I have a total PNL of 3000 positive. So now if price were to come into this yellow line I would break even. So now I can successfully say if I want to stop myself at this point I will be net neutral. Let's carry on and see if I can get this to be profitable. For instance I say I want to sell here and I want to reenter short here and we can do that and see if that comes into fruition. Looks like I managed to sell but not really enter into short. Let's say I'm not happy with the fact that I didn't enter short so I can just bring this down here. And looks like you only really filled in 4. But that's enough to demonstrate my point here. I pause this as you can see when it filled in 6 out of the 10 contracts my breakevenpoint was here because my size was less. So I can sit through a lot more loss. Now that it filled in the rest my breakevenpoint is here because now my position size is the largest point I can handle. Now that's dropped it down to here. I know if I hit this mark on a short I lose all the profit I've made for the entire day. So maybe it's not such a wise idea to be in this short but we'll see. Because again this is a simulated environment so I can play with it. This carries on consulting for a bit. And notice that breakevenpoint doesn't change because again I only entered into that 10 contracts. There we go. Slowly broke down. Now I'm happy with the break here. I can take off that position here. And so let's mark it by back that 10 contracts here. And there we go. That's the point where I close that short. And let's say if I were entering into a market long. Just for the sake of it. As you can see it's much lower than the previous one here. That pretty much covers the breakevenpoint indicator. Just have a play around with it. If you have any questions feel free to ask within the Discord. A bunch of friendly people waiting to answer your questions. Other than that have a lovely day. And I will see you guys on the next video. Peace.