SetStopPosition: Difference between revisions
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Forces the built-in strategy exit functions to be applied on the entire position basis. | 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 | The built-in strategy exit functions are: [[SetStopLoss]], [[SetProfitTarget]], [[SetBreakEven]], [[SetDollarTrailing]], and [[SetPercentTrailing]]. | ||
== Usage == | |||
<syntaxhighlight>SetStopPosition</syntaxhighlight> | <syntaxhighlight>SetStopPosition</syntaxhighlight> | ||
== Notes == | |||
If [[SetStopPositon, SetStopContract | * 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. | |||
If [[SetStopPositon, SetStopContract | |||
== Example == | |||
Force SetStopLoss strategy exit function to be applied on the entire position basis: | Force SetStopLoss strategy exit function to be applied on the entire position basis: | ||
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An exit order for the entire position will be generated if the position loss reaches $100. | An exit order for the entire position will be generated if the position loss reaches $100. | ||
[[Category:Strategy Orders]] | [[Category:Strategy Orders]] | ||
Revision as of 16:48, 19 February 2012
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
SetStopPositionNotes
- 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.
