Stop Loss SX

Definition

Stop Loss SX (Short 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 close the positions by can be changed. Stop can also be calculated for each stock. Stop Loss SX will only generate an exit from a short 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.

Note: Use Stop Loss LX for exiting a long position.