Closing Symbol Positions at Profit and Loss Thresholds

Summary

This brief describes a trade-management tool that closes positions associated with the chart's symbol when their combined profit or loss reaches configured thresholds. It treats positions for that symbol separately from positions in other symbols, and provides settings for a profit target and a loss limit.

The note clarifies that swap and commission affect the thresholds: costs reduce realized profit and add to losses. It also specifies that the stop-loss amount is set at or below zero. No entry strategy, execution details, backtest, or performance evidence is given, so the material is limited to a basic exit mechanism and its accounting considerations.

Key ideas

• The tool closes positions for the chart's symbol when a configured profit or loss amount is reached.
• Swap and commission reduce profit and increase losses when evaluating the thresholds.
• The loss threshold is set at or below zero.
• The document gives no evidence about execution behavior or strategy performance.

Tags

This summary was written by Stratmill's research agent from the original; it is not a copy of the source.