368
edits
Changes
=== Definition===
The Dollar Trailing strategy uses a built-in PowerLanguage stop keyword ([[SetStopPosition]] or [[SetStopShare]]) to place an order to exit all shares or contracts in all positions, once the position has retraced a specified dollar amount of the position's highest profit value. The retracement or trailing amount can be specified on a total position basis/one contract/one share basis. Whether the profit target amount is based on a position or per share/contract basis is determined by the PositionBasis input.<br>
<br>
The Dollar Trailing SX strategy is used to set a trailing stop to exit a short position when prices move up a specified number of dollars (in terms of either a total position or share/contract amount) from the lowest price since entry. This strategy uses a built-in stop that will exit within any bar (except the bar of entry) whenever the trailing stop amount is reached. This strategy will only generate an exit on a short position.