EntryBar $ Stop LX

EntryBar $ Stop LX generates a long exit Stop order on the entry bar at the specified dollar amount below the Close price. This signal may help to protect the long position from an instant trend reversal.

Note: The order is only generated once, on the bar where the position is entered.

This signal generates only long exit orders. Use EntryBar $ Stop SX for exiting from a short position.

Default Inputs

DollarRisk (1) - dollar amount that can be risked on the first bar of the position.