The solution for intelligent exit condition?

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It's possible to have a good entry system, but we have to think about the hard part which is knowing when a trade should close.

- Fixed take profit is a random number of points. If it is large, the market might go up and go down again causing you to lose the profit. If it is small, you might miss a trend continuation.

- Standard trailing stop can go wrong if the market is very noisy and volatile

- Exit signal indicators are not ideal if the signal is lagging 

The only thing I saw so far which seems reasonable is a PSAR trailing stop. The stop loss is wide at first which helps avoid institutional stop hunts, and then it "accelerates" if your position moves favourably. 
There has to be more tools which are beyond trailing stops. PSAR has nothing to do with economics. It is based on principles in mechanical engineering.


 
Conor Mcnamara:
It's possible to have a good entry system, but we have to think about the hard part which is knowing when a trade should close.

- Fixed take profit is a random number of points. If it is large, the market might go up and go down again causing you to lose the profit. If it is small, you might miss a trend continuation.

- Standard trailing stop can go wrong if the market is very noisy and volatile

- Exit signal indicators are not ideal if the signal is lagging 

The only thing I saw so far which seems reasonable is a PSAR trailing stop. The stop loss is wide at first which helps avoid institutional stop hunts, and then it "accelerates" if your position moves favourably. 
There has to be more tools which are beyond trailing stops. PSAR has nothing to do with economics. It is based on principles in mechanical engineering.


The first similar indicator that comes to mind is the ATR-based Chandelier Exits indicator. There are also Supertrend indicators and Renko line break (virtual Renko) indicators that chase price in a similar way. There are various implementations of those posted around the web for free.
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