Stop Loss LX (Strategy)
DisclaimerInput Information
| 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. |
Usage
Long exit based on a specified dollar loss.
Description
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.
(missing or bad snippet)Order Name: Money Mngmt Stop
Related Strategy: Stop Loss, Stop Loss SX
Related Function(s): None