Stop Loss LX
Revision as of 12:11, 10 September 2021 by KateMultiCharts (talk | contribs) (Created page with "=== 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 position...")
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.
Stop Loss LX will only generate an exit from a long position.
Usage
Short 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.
