Profit Target LX (Strategy)
DisclaimerInput Information
| 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. |
Usage
Long exit based on a targeted profit amount.
Description
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.
(missing or bad snippet)Order Name: Profit Target
Related Strategy: Profit Target, Profit Target SX
Related Function(s): None