Analysis Techniques & Strategies
|StopLossPct||Numeric||.05||Maximum percent loss of equity the exit will allow.|
Short exit based on a percentage of loss.
This strategy calculates a value equal to a percentage above the price of entry. A short 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, PctStopSX-eb
Related Strategy: Stop Loss, Percent Stop LX
Related Function(s): None