Analysis Techniques & Strategies

Channel Trailing LX (Strategy)

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Input Information

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