Profit Target LX (Strategy)Analysis Techniques & Strategies
Profit Target LX (Strategy)| Name | Type | Default | Description |
| Amount | Numeric | 5 | Target profit level for the position, in dollars. |
| 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 targeted profit amount.
This strategy enables you to set a profit target (in dollars per share or per position) at which your position will automatically be closed out. If that profit level is never reached this strategy will not take affect.
This strategy will only generate an exit from a long position.
Long exit (“LX”) and short exit (“SX”) strategies do not generate exits on the bar of entry of a position. Other strategies can be used instead, if entry bar protection is needed. See comments in the strategy’s EasyLanguage code for additional information.
Order Name: Profit Target
Related Strategy: Profit Target, Profit Target SX
Related Function(s): None
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