Channel Trailing LX (Strategy)Analysis Techniques & Strategies
Channel Trailing LX (Strategy)| Name | Type | Default | Description |
| Length | Numeric | 3 | Number of bars used to calculate the lowest price. |
| FloorAmt | Numeric | 1 | The profit amount (in dollars) that must be exceeded before the order can be placed. |
| PositionBasis | True/False | False | True/False trigger allowing you to calculate profit either per position or per share. To calculate profit per position, enter True. |
Long exit based on a trailing price value.
This strategy is a trailing stop that places a stop order for the next bar at the lowest price of the last Length (Input) number of bars. It remains active until the position is closed out.
Order Name: TrailLX
Related Strategy: Channel Trailing SX
Related Function(s): LowestFC
Disclaimer