877
edits
Changes
m
no edit summary
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]] or [[Short]].
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: #C1FFC1E3FBE5;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>
== Usage ==