Stop Loss LX (Strategy)Analysis Techniques & Strategies
Stop Loss LX (Strategy)| Name | Type | Default | Description |
| Amount | Numeric | 1 | Amount of loss, in dollars, 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 specified dollar loss.
This strategy enables you to specify the maximum amount of money you are willing to risk on any position, or on a single share. You can change the dollar amount at which you want to exit your positions. You can also have the stop calculate on a per share basis.
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: Money Mngmt Stop
Related Strategy: Stop Loss, Stop Loss SX
Related Function(s): None
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