Percent Stop LX (Strategy)Analysis Techniques & Strategies
Percent Stop LX (Strategy)| Name | Type | Default | Description |
| StopLossPct | Numeric | .05 | Maximum percent loss of equity the exit will allow. |
Long exit based on a percentage of loss.
This strategy calculates a value equal to a percentage below the price of entry. A long exit order will be generated for each bar at the calculated price.
This strategy is designed to be used with stocks only. Although percent-based exits are not commonly used with futures because of the high leverage, it is possible to create and save a futures oriented version of this strategy where all stop loss and profit target amounts are multiplied by BigPointValue.
Order Name: Money Mngmt Stop, PctStopLX-eb
Related Strategy: stop loss, Percent Stop SX
Related Function(s): None
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