Difference between revisions of "Stop Loss LX"
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=== Definition=== | === Definition=== | ||
| − | Stop Loss LX allows to specify the maximum amount of money that you are willing to risk on any position or one share. The dollar amount to exit the positions at can be changed. Stop can also be calculated on a per share basis.<br> | + | Stop Loss LX (Long Exit) allows to specify the maximum amount of money that you are willing to risk on any position or one share. The dollar amount to exit the positions at can be changed. Stop can also be calculated on a per share basis.<br> |
Stop Loss LX will only generate an exit from a long position. | Stop Loss LX will only generate an exit from a long position. | ||
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=== Usage=== | === Usage=== | ||
Long exit based on a specified dollar loss. | Long exit based on a specified dollar loss. | ||
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'''PositionBasis''' - True/False trigger that allows to calculate profit per position or per share. Enter True to calculate profit per position. | '''PositionBasis''' - True/False trigger that allows to calculate profit per position or per share. Enter True to calculate profit per position. | ||
[[Category:Pre-built Signals]] | [[Category:Pre-built Signals]] | ||
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| + | '''Note:''' Use [[Stop Loss SX]] for exiting a short position. | ||
Latest revision as of 14:34, 10 September 2021
Definition
Stop Loss LX (Long Exit) allows to specify the maximum amount of money that you are willing to risk on any position or one share. The dollar amount to exit the positions at can be changed. Stop can also be calculated on a per share basis.
Stop Loss LX will only generate an exit from a long position.
Usage
Long exit based on a specified dollar loss.
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.
Note: Use Stop Loss SX for exiting a short position.
