Description
The TrailingStopSX strategy generates a Short Exit signal when the High price exceeds the Trailing Stop value. This value is based on Stop Price which is equal to prior Entry price plus specified offset. The offset can be measured in percent, actual price points, or ticks (see input parameters' description for details). The Trailing Stop value lowers the Stop Price as the market price decreases; if however the market price rises, 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". |