EntryBar Pnt Stop LX

EntryBar Pnt Stop LX generates a long exit Stop order on the entry bar at the specified number of points 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 Pnt Stop SX for exiting from a short position.

Default Inputs

RiskPoints (1) - number of points that can be risked on the first bar of the position.