SetStopPosition

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Forces the built-in strategy exit functions to be applied on the entire position basis.

The built-in strategy exit functions are: SetStopLoss, SetProfitTarget, SetBreakEven, SetDollarTrailing, and SetPercentTrailing.

Usage

SetStopPosition

Notes

  • If SetStopPositon, SetStopContract, and SetStopShare were not used, the exit functions will be applied on the entire position basis as a default.
  • If SetStopPositon, SetStopContract, and SetStopShare were used in multiple instances or in different signals applied to the same chart, the last instance will be controlling.

Example

Force SetStopLoss strategy exit function to be applied on the entire position basis:

SetStopPosition; 
 
SetStopLoss(100);

An exit order for the entire position will be generated if the position loss reaches $100.