Stop Loss LX

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.