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