TradingView Pine Script Breakout Strategy - Problem same bar close

Question

I build a breakout strategy in Pine Script:

• If the close of the current bar is higher than the highest high of the last 100 bars, go long
• If the close of the current bar is lower than the lowest low of the last 50 bars, go short
• I added a take profit of 25 ticks
• No two trades in a row in the same direction

So if it hits the take profit of a long position it closes and waits for a short signal. If it doesn't hit the take profit the trade is reversed in the event of a short signal. Vice versa for a short trade. It works well, except when the strategy is entered and closed at the same bar due to a take profit. It then opens a new trade in the same direction if the long/short condition is valid (see screenshot below).

I cannot figure out how to avoid this. I've tried several combinations with strategy.opentrades.*, *profit, bar_index variables etc. trying to check if the last bar was a take profit or how many bars are between the last take profit and the new entry, but I cannot figure out the right combination. Or maybe there's an easier way.

Edit: If it helps, it's a futures trading strategy. So if you want to check yourself you could use ES1! or NQ1! on a 30 minutes chart for example.

Here's the code:

//@version=5

strategy(title="Breakout", overlay = true, process_orders_on_close = false)
periodhh = input(100)
periodll = input(50)
reverse = input(false, title="Trade reverse")
hh = ta.highest(periodhh)
ll = ta.lowest(periodll)

pos=0
pos :=  close > hh[1] ? 1 : close < ll[1] ? -1 : nz(pos[1], 0)

if (pos==1 and pos[2]!=1)
    strategy.entry("Long", strategy.long)
    strategy.exit("Take Profit", profit=25)
    
if (pos==-1 and pos[2]!=-1)
    strategy.entry("Short", strategy.short)   
    strategy.exit("Take Profit", profit=25)

Answer 1

In my example above, 25 ticks is very little for BTC

for debug profit, try this:

if strategy.position_size > 0 and strategy.position_size[1] <= 0
    profitLevel := open + syminfo.mintick * 25
if strategy.position_size < 0 and strategy.position_size[1] >= 0
    profitLevel := open - syminfo.mintick * 25

plot (
   profitLevel,
  'profitLevel',
  linewidth      = 2,
  color          = color.new(color.red, 0),
  style          = plot.style_steplinebr)

full code:

//@version=5

strategy(title="Breakout", overlay = true, process_orders_on_close = false)
periodhh = input(100)
periodll = input(50)
reverse = input(false, title="Trade reverse")
hh = ta.highest(periodhh)
ll = ta.lowest(periodll)

pos=0
pos :=  close > hh[1] ? 1 : close < ll[1] ? -1 : nz(pos[1], 0)

var float profitLvl = na

if (pos==1 and pos[1]!=1)
    strategy.entry("Long", strategy.long)

if (pos==-1 and pos[1]!=-1)
    strategy.entry("Short", strategy.short)   

strategy.exit("Take Profit", profit=25)

plot (
   hh,
  'hh',
  linewidth      = 2,
  color          = color.new(color.gray, 0),
  style          = plot.style_line)
plot (
   ll,
  'll',
  linewidth      = 2,
  color          = color.new(color.silver, 0),
  style          = plot.style_line)
plot(
   pos,
  "pos",
  editable = false, display = display.data_window)

if strategy.position_size > 0 and strategy.position_size[1] <= 0
    profitLvl := open + syminfo.mintick * 25
if strategy.position_size < 0 and strategy.position_size[1] >= 0
    profitLvl := open - syminfo.mintick * 25

plot (
   profitLvl,
  'profitLvl',
  linewidth      = 2,
  color          = color.new(color.red, 0),
  style          = plot.style_steplinebr)

Answer 2

the number of bars back to pos, should be 1

if (pos==1 and pos[1]!=1)

Try:

//@version=5

strategy(title="Breakout", overlay = true, process_orders_on_close = false)
periodhh = input(100)
periodll = input(50)
reverse = input(false, title="Trade reverse")
hh = ta.highest(periodhh)
ll = ta.lowest(periodll)

pos=0
pos :=  close > hh[1] ? 1 : close < ll[1] ? -1 : nz(pos[1], 0)

if (pos==1 and pos[1]!=1)
    strategy.entry("Long", strategy.long)
    strategy.exit("Take Profit", profit=25)
    
if (pos==-1 and pos[1]!=-1)
    strategy.entry("Short", strategy.short)   
    strategy.exit("Take Profit", profit=25)

plot (
   hh,
  'hh',
  linewidth      = 2,
  color          = color.new(color.gray, 0),
  style          = plot.style_line)
plot (
   ll,
  'll',
  linewidth      = 2,
  color          = color.new(color.silver, 0),
  style          = plot.style_line)
plot(
   pos,
  "pos",
  editable = false, display = display.data_window)