Exit On Trade Profit [ExitOnProfit]

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The Exit On Trade Profit function processes an existing signal to generate an exit signal after a trade has generated a specified profit from the trading value at entry. NOTE: This function is for postprocessing existing signals. It is not intended for directly in entry/exit systems. To check for exit conditions from within an entry/exit system, see the function group "Entry/Exit System Rules and Functions". Parameters ------------------ Signal                  The entry/exit signal to evaluate. Price                    The trading value to analyze for changes in profitability.                             Note: You can indicate values from the next bar by using the Lead function.                             However, using the Lead function will result in this value not being available for the last bar. Profit Threshold   The minimum percent profit that should be generated in order to generate an exit on profit. The signal parameter does not need to be formatted to be displayed as a signal to be used in this function. Function Value ------------------------ This function processes an existing signal to generate an exit signal after a trade has generated a specified profit from the trading value at entry. The output of this function can then be analyzed like any other signal field. It can also be combined with other signal processing functions to create more complex behaviors. Once an exit is generated, that exit will continue to be generated until the orignal Signal parameter exits. Note: This function does not take into account stops, limits, commissions, or slippage associated with trading styles, nor does it take into account starting dates associated with signal analysis. Also, since it uses a single trading value, it does not take into account high and low values triggering an automated stop on profit.