Halfway point exit without trailing stop loss

Viewing 3 posts - 1 through 3 (of 3 total)
  • Author
    Posts
  • #252316 quote
    Ahimsa
    Participant
    New

    Hi everyone

    Does anyone know how to code the following condition which must only apply after I have been in a trade for x bars to prevent premature exits:

    EXIT IF price is halfway (or lower) between the ENTRYPRICE, and the highest price reached during the trade?

    I do not want to use a trailing stop loss because there is a bug in ProRealTime which is causing trailing stop losses to get pushed back in the opposite direction.

    Many thanks in advance for your help.

    #252320 quote
    Iván González
    Moderator
    Master

    Hi! here you have an example:

    // ===========================
    // apply after x bars in trade to prevent premature exits
    // ===========================
    // ----- General settings
    DEFPARAM CumulateOrders = False
    rrmultiple = 3
    x = 20
    // ===========================
    // Example
    // ===========================
    atr = averagetruerange[14](close)
    sma10 = average[10](close)
    sma60 = average[60](close)
    setupLong = sma10 crosses over sma60
    
    // ===========================
    // Entry rules
    // ===========================
    IF NOT longonmarket and setupLong THEN
       
       BUY 1 CONTRACTS AT MARKET
       
       stopprice   = close - 1.5*atr
       targetdist  = rrmultiple * (close - stopprice)
       targetprice = close + targetdist
       entrybar = barindex
       highestPrice = close
       SET STOP pRICE stopprice
       SET TARGET pRICE targetprice
       
    ENDIF
    
    // ===========================
    // Exit after X bars if price < limit
    // ===========================
    if longonmarket then
       bars=bars+1
       highestPrice =  max(high,highestPrice)
       if bars>x then
          stopprice = 0.5*(highestPrice+tradeprice)
          SET STOP pRICE stopprice
       endif
    else
       bars = 0
       highestPrice = close
    endif
    // ===========================
    // Graphs for monitoring
    // ===========================
    GRAPH bars COLOURED("red")
    GRAPH x coloured("blue")
    GRAPHONPRICE stopprice COLOURED("red")
    GRAPHONPRICE targetprice COLOURED("green")
    GRAPHONPRICE highestPrice COLOURED("blue")
    GRAPHONPRICE sma10 COLOURED("fuchsia")
    GRAPHONPRICE sma60 COLOURED("orange")
    
    Ahimsa thanked this post
    #252342 quote
    Ahimsa
    Participant
    New

    This is fantastic, thank you Ivan!

Viewing 3 posts - 1 through 3 (of 3 total)
  • You must be logged in to reply to this topic.

Halfway point exit without trailing stop loss


ProOrder: Automated Strategies & Backtesting

New Reply
Author
author-avatar
Ahimsa @ahimsa Participant
Summary

This topic contains 2 replies,
has 2 voices, and was last updated by Ahimsa
4 months, 3 weeks ago.

Topic Details
Forum: ProOrder: Automated Strategies & Backtesting
Language: English
Started: 10/08/2025
Status: Active
Attachments: No files
Logo Logo
Loading...