Strategy.exit: What are "points" in this context? V5

Question

Example from manual:

strategy.exit("exit", "long", profit = 10, loss = 5) // generate full exit bracket (profit 10 points, loss 5 points per contract) from entry with name "long"

Are these points percents? So if this position was worth $100 (when opened) then profit = 10 point is 10% = $10 so we sold the position for $110?

Answer 1

Those are pips.

A pip is the smallest price move that an exchange rate can make based on forex market convention.

If you want to do a percentage based exit, you should use the limit and stop arguments.

in_long_tp_per = input.float(2.0, "Take profit %") * 0.01
in_long_sl_per = input.float(1.0, "Stop loss %") * 0.01

long_tp_price = strategy.position_avg_price * (1 + in_long_tp_per)
long_sl_price = strategy.position_avg_price * (1 - in_long_sl_per)

if (strategy.position_size > 0)
    strategy.exit("exit", "long", limit = long_tp_price, stop = long_sl_price)