Stop Loss (Signal)
Revision as of 14:48, 10 September 2021 by KateMultiCharts (talk | contribs) (Created page with "=== Definition=== Stop Loss uses the SetStopLoss keyword which allows to specify the amount of money you are willing to risk either on a position, or one contract or shar...")
Definition
Stop Loss uses the SetStopLoss keyword which allows to specify the amount of money you are willing to risk either on a position, or one contract or share basis. The strategy generates an order to close the entire position once the stop loss amount has been reached.
Default Inputs
Amount - amount of loss at which point the position will be closed.
PositionBasis - True/False trigger that allows to calculate profit per position or per share. Enter True to calculate profit per position.
