Profit Target SX

The Profit Target SX signal uses a built-in PowerLanguage keyword SetProfitTarget. An order to close your entire position is generated once the profit target amount has been reached. The retracement 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.

The Profit Target SX sets a profit target in USD per share or per position at which the short exit order will be generated to automatically close the position. The signal will not take effect if that profit level is never reached. The profit value is specified by the Amount input parameter.

This signal generates short exits only. Use Profit Target LX for exiting from a short position.

Commission or slippage are not taken into account for strategy calculation.

Default Inputs

Amounts sets the profit amount (in USD) that must be exceeded before the order is placed, 5 by default.

PositionBasis sets whether the profit is calculated on a position or per share basis, false by default. To calculate profit per position, enter true.