The TrailingStopLX strategy generates a Long Exit signal when the Low price gets less than the Trailing Stop value. This value is based on Stop Price which is equal to prior Entry price minus specified offset. The offset can be measured in percent, actual price points, or ticks (see input parameters' description for details). The Trailing Stop value raises the Stop Price as the market price increases; if however the market price fails to rise, the Stop Price remains unchanged.

Input Parameters

Parameter Description
trail stop Defines the offset value in units specified for the "offset type" parameter.
offset type Defines units in which the price offset is measured. When it is set to "value", the offset will be measured in dollars. "Tick" will set the unit equal to ticksize. To define the offset as percentage change, select "percent".