EntryBar $ Stop LX (Strategy)
DisclaimerInput Information
| Name | Type | Default | Description |
| DollarRisk | Numeric | 1 | Dollar value you are willing to risk on the first bar of the position. |
Usage
Long exit based on a dollar loss, only for the bar of entry.
Description
This strategy will generate a stop order at the specified dollar amount below the current bar's closing price, to protect against an initial reversal when a long entry order is generated. This order is only generated for the bar of entry. You can specify the dollar amount you are willing to risk.
Order Name: EbDlrLX
Related Strategy: Entrybar $ Stop SX, Entrybar ATR Stop LX, Entrybar ATR Stop SX, Entrybar Pnt Stop LX, EntryBar Pnt Stop SX
Related Function(s): None