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==== Usage ====
==== Notes ==== * This function can only be used in signals.
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Closes out the entire position or the entry if the loss reaches the specified currency value; generates the appropriate [[Stop ]] order depending on whether the position is long or short.
The [[SetStopPosition]] and [[SetStopContract]] or [[SetStopShare]] functions determine whether the stop loss '''SetStopLoss''' function will be applied to the entire position or to each contract or share individually; by default, stop loss '''SetStopLoss''' is applied to the entire position.
<div style="background-color: #E3FBE5;margin-bottom:10px;">The SetStopLoss function is evaluated intra-bar and not only on close of a bar, and can exit within the same bar as the entry. </div>
<syntaxhighlight>SetStopLoss(Amount)</syntaxhighlight>
Where: [[ :'''Amount]] ''' - a numerical expression, specifying the stop loss amount .
==== Example ==Examples ==
Generate an exit order for the entire position if the position loss reaches $100:
SetStopLoss(100);</syntaxhighlight>
Generate an exit order for the entry if the loss per contract reaches $10:
