The ProfitTargetSX strategy generates a Short Exit signal when the price falls by a certain amount relative to the entry price.

Input Parameters

Parameter Description
offset type Defines units in which the price decrease is measured. When it is set to "value", the decrease will be measured in dollars. "Tick" will set the unit equal to ticksize. To define the decrease as a percentage change of the entry price, select "percent".
target Defines the price decrease (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.