Description
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". |
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.