complex stop loss possible?

Is it possible to have an EA that will put a stop loss of 5 pips initially AND then puts a trailing stop of 15 pips that trails BEFORE the position is 15 pips positive? The trailing stop wouldn't come into effect after it passes the 5 pip stop loss(which would be at 11 pips positive on the trade)

This is how it would work. I would enter the position with a 5 pip stop loss and then when my position hit 11 pips positive a 15 pip trailing stop that trails before the position is 15 pips positive) would then move the stop loss up pip by pip.

Preferrably the 5 pip stop loss and the 15 pip trailing stop would be variables.

Also I would need it to work for pending orders as well as market orders


Alternatively I could manually put the 5 pip stop loss in, and would only need the EA to put a 15 pip trailing stop (again that trails before 15 pips positive) at 11 pips positive. But the trailing stop must not come into affect until it is able to move the stop higher than the 5 pip stop loss

Is this possible? If so, can someone show me where I can find it? Or if it isn't too much trouble maybe someone can make one.

Thank you all so much.

Simple answer is yes, almost anything is possible. You can modify the SL (and/or TP) levels for any order using MQL4's OrderModify command.

It looks like you've thought through every possible scenario (i.e. whether your 5 pip or 15 pip stop takes precedence), so you would simply need to ascertain the value of the SL at any point, use the OrderModify command to adjust it, and then trap/handle any errors returned from the broker.

Alternatively, you could also use the OrderClose command to close the position when a predetermined level is reached (although this operates somewhat differently to a stoploss order). For example, this has the debatable advantage that the broker never sees the location of your SL.

Correct me if I am wrong....I think with the OrderClose, if your MT goes offline when your stop is hit you are SOL, at least when your order is filled and has a stop at the same time, if your CPU goes offline you are still covered.