Analysis Techniques & Strategies

Percent Trailing LX (Strategy)

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Input Information

Name Type Default Description
FloorAmt$ Numeric 1 The profit amount (in dollars) that must be exceeded before the order can be placed.
TrailingPct Numeric 20 Amount of loss, as a percentage of profit, at which point the position will be closed.
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 percentage of profit.


This strategy enables you to indicate what percent of the maximum position profit you are willing to give back before the position is automatically closed out. It also requires that you give it a minimum profit level, which must be reached, by the position before the stop will take effect (FloorAmnt$).

The maximum profit is calculated using the highest high from the point of entry. The percent of this amount per contract that you are willing to risk is then subtracted and the trailing stop is placed at that point.

If the maximum open position profit for the trade does not exceed the floor level, this trailing stop does not take affect. Consequently, this strategy only locks in profits; it does not exit a position if the floor level is never reached.

Order Name: % Trailing Stop

Related Strategy: Percent Trailing, Percent Trailing SX

Related Function(s): None