Exercises: Exit Methods
1. Profittarget
Code the following
- A $2000 profit target
- A $1000 stop loss
Setprofittarget(2000);
Setstoploss(1000);
2. Exit on close
Code an exit that gets out on the close of the trading session.
Setexitonclose;
3. Trailing stop
Code a trailing stop that activates after a $500 positive excursion, and trails price by 2 %.
Setpercenttrailing(500,2);