When using this method, you can not move your stop loss to true break even, because you can't lock in a set amount of pips (say 2 or 3) to cover your trading costs. (fxdayjob.com)
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The default value of 1 means, when / if your break even is triggered, your stop loss will move to your entry level +1 pip (useful for moving to true break even). (fxdayjob.com)