Analysis Techniques & Strategies
|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