Percent Stop SX (Strategy)Analysis Techniques & Strategies
Percent Stop SX (Strategy)| Name | Type | Default | Description |
| 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
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