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==== Usage ====<syntaxhighlight>SetPercentTrailing(Profit,Percentage)</syntaxhighlight>
==== Notes ==== * This function can only be used in signals.* Use [[SetStopLoss]] to set a stop-loss for a position or [[SetProfitTarget]] to set a profit target.* Use [[SetDollarTrailing]] for a fixed-amount currency trailing stop.
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Closes out the entire position or the entry if the specified percentage of the maximum profit is lost after the profit has reached the specified value; generates the appropriate [[Stop ]] order depending on whether the position is long Long or shortShort.
For example, if the specified profit is $100 and the specified percentage is 50, and the profit has reached the maximum of $120, the position will be closed once the profit falls back to $60.
[[SetStopPosition]] and [[SetStopContract]] or [[SetStopShare]] functions determine whether '''SetPercentTrailing ''' will be applied to the entire position or each contract or share individually; by default, '''SetPercentTrailing ''' is applied to the entire position.
<div style="background-color: #E3FBE5;margin-bottom:10px;">The SetPercentTrailing function is evaluated intra-bar and not only on close of a bar, and can exit within the same bar as the entry. </div>
Where: [[ :'''Profit]] ''' - a numerical expression, specifying the currency value of the profit that must be reached first . [[:'''Percentage]] ''' - a numerical expression, specifying the maximum loss of profit in percent .
==== Example ==Examples ==Generate an exit order for the entire position if 50 percent of maximum position profit is lost after the profit has reached $25:
<syntaxhighlight>SetStopPosition;
SetPercentTrailing(25,50);</syntaxhighlight>
Generate an exit order for the entry if 25 percent of maximum per share profit is lost after theprofit has reached $5:
<syntaxhighlight>SetStopShare;
SetPercentTrailing(5,25);</syntaxhighlight>
[[Category:Strategy Orders]]