Halfway point exit without trailing stop loss

• 10/08/2025 at 5:43 AM #252316
  Ahimsa

  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.

  

  Ahimsa

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  10/08/2025 at 9:01 AM #252320
  Iván

  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")

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  // =========================== // 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")

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  Ahimsa

  

  Iván

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  10/08/2025 at 2:20 PM #252342
  Ahimsa

  This is fantastic, thank you Ivan!

  

  Ahimsa

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