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Exercises: Exit Methods

Easylanguage Course Common Ways to Exit Trades Exercises: Exit Methods

1. Profittarget

Code the following

A $2000 profit target
A $1000 stop loss

Solution

Setprofittarget(2000);

Setstoploss(1000);

2. Exit on close

Code an exit that gets out on the close of the trading session.

Solution

Setexitonclose;

3. Trailing stop

Code a trailing stop that activates after a $500 positive excursion, and trails price by 2 %.

Solution

Setpercenttrailing(500,2);

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