The ProfitTargetLX strategy generates a Long Exit signal when the price grows by a certain amount relative to the entry price.

Input Parameters

Parameter Description
offset type Defines units in which the price increase is measured. When it is set to "value", the increase will be measured in dollars. "Tick" will set the unit equal to ticksize. To define the increase as a percentage change of the entry price, select "percent".
target Defines the price increase (in units specified in the "offset type" input parameter) at which the exit signal is generated.

Backtesting is the evaluation of a particular trading strategy using historical data. Results presented are hypothetical, and there is no guarantee that the same strategy implemented today would produce similar results.

Technical analysis is not recommended as a sole means of investment research.

For educational purposes only. Not a recommendation of a specific security or investment strategy.