Profitable Closes LX
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Definition
Profitable Closes LX (Long Exit) exits at the next bar's open when NumProfitCloses number of bars has closed with a profit (determined as the close being greater than the entry price).
Usage
Long exit based on the number of profitable closes.
Default Inputs
NumProfitCloses - number of profitable closes required to exit.
Note: Use Profitable Closes SX for exiting a short position.