I need an EA to be written to help with a money management strategy.
An example of how it would work would be:
I place a buy order, and instead of a stoploss I need it to place a sell stop instead. The sell stops stoploss would be set to the original position entry.
If the sell stop is activated, and the position reverses and hits its stoploss, I need the sell stop to be placed again.
Also it would be helpful to modify the sell stop to mimick a trailing stop. So basically a trailing sell stop.
Ideally it would be 2 EA's, one for establishing long trades and another for short trades for quicker entry's instead of setting the EA properties before activating it on the chart.
Does anyone think they could do this or know of an EA that already does this?
An example of how it would work would be:
I place a buy order, and instead of a stoploss I need it to place a sell stop instead. The sell stops stoploss would be set to the original position entry.
If the sell stop is activated, and the position reverses and hits its stoploss, I need the sell stop to be placed again.
Also it would be helpful to modify the sell stop to mimick a trailing stop. So basically a trailing sell stop.
Ideally it would be 2 EA's, one for establishing long trades and another for short trades for quicker entry's instead of setting the EA properties before activating it on the chart.
Does anyone think they could do this or know of an EA that already does this?