EntryBar Pnt Stop LX (Strategy)
DisclaimerInput Information
| Name | Type | Default | Description |
| RiskPoints | Numeric | 10 | Number of points you are willing to risk on the bar of entry (10 points equals 10 cents). |
Usage
Long exit based on the number of points, only for the bar of entry.
Description
When you enter a long position, this strategy will place a stop order to exit the long position at the specified number of points below the current bar's closing price. This order is only generated once, on the bar of entry and protects against an initial reversal. You can change the number of points you are willing to risk.
Order Name: EbPntLX
Related Strategy: Entrybar $ Stop LX, Entrybar $ Stop SX, Entrybar ATR Stop LX, Entrybar ATR Stop SX, EntryBar Pnt Stop SX
Related Function(s): None