Changes

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 short[[Short]].

[[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: #C1FFC1;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 ====<syntaxhighlight>SetPercentTrailing(Profit,Percentage)</syntaxhighlight>

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 .

==== 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.

==== 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:

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:

SetPercentTrailing(5,25);</syntaxhighlight>