Difference between revisions of "EntryBar $ Stop LX"
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EntryBar $ Stop LX generates a long exit Stop order on the entry bar at the specified dollar amount below the Close price. | 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. | This signal may help to protect the long position from an instant trend reversal. | ||
| − | <div style="background-color: #E3FBE5;">'''Note''': The order | + | <div style="background-color: #E3FBE5;">'''Note''': The order is only generated once, on the bar where the position is entered. </div> |
This signal generates only long exit orders. Use [[EntryBar $ Stop SX]] for exiting from a short position. | This signal generates only long exit orders. Use [[EntryBar $ Stop SX]] for exiting from a short position. | ||
Latest revision as of 16:14, 12 October 2021
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.