This is a Strategy Builder example of a DrawDown Kill switch. It is not a strategy on its own, it is meant to be configured to your own strategy.
⤷ Modify Set 5 and 6 for your Long and Short conditions.

How the Drawdown killswitch works:
⤷ Once the price reaches your KillSwitchProfit amount, the killswitch will start trailing by the TrailPNL amount from the highest daily realtime PNL.
⤷ If the price retraces and touches killswitch limit, it will take you out of the trade.

How this differs from a traditional killswitch:
⤷ Instead of taking you out of the trade immediately when a profit is reached. It will start trailing your killswitch.
⤷ It will allow the PNL to go higher if the price keeps going in your direction.
⤷ You do risk the chance of losing potential profits by not taking you out of the position when a profit threshold is reached.

If you want to see how it was made and some examples of how it works.Watch this video:
⤷ https://youtu.be/RgSqLobNuJQ