EntryBar $ Stop SX

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EntryBar $ Stop SX generates a short exit Stop order on the entry bar at the specified dollar amount above the Close price. This signal may help to protect the short 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 short exit orders. Use EntryBar $ Stop LX for exiting from a long position.

Default Inputs

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