This simple EA should be profitable - help coding it

Thanks a lot for your effort
Can you code this simple EA for me?

My EA description:

1) It works on any currency pair, especially EURUSD, EURJPY, GBPUSD, AUDUSD, NZDUSD, USDCAD, USDCHF.
2) Time frame is not important.
3) It opens a trade on random direction: SL at 10 pips; TP at 20 pips.
4) Lot size shall follow auto money management; calculated based on equity size & SL, e.g. Equity = $1,000; risk = 5%; then lot opened should be 0.5 standard lots or 5 mini lots or 50 micro lots.
5) Trading logic:
5i) if trade 1 = buy and hit TP; immediately trade 2 will be opened a buy too; and this shall continue for trade 3 and so on or until it fulfils (5ii) requirement.
5ii) if trade 1 = buy and hit SL; immediately trade 2 will be opened a sell; and this shall continue for trade 3 and so on or until it fulfils (5i) requirement.
6) a new trade will always be opened immediately after an old trade has hit SL or TP.
7) only 1 trade is opened at any one time for a currency pair.

Thanks a million!

Did I miss something?

Why close a trade and then immediately reopen it... all you are doing is increasing the broker profits! .... you are taking an additional unnecessary loss of the spread.

Simply Move the TP and SL up and continue with orig position.

yep, this is a much better idea

and btw, i think this EA will at best be breakeven, no way profitable

Hi futurespec & BBPI_fxtrader, thanks for your insights..

but I prefer it not to hit trailing stop prematurely before hitting TP. I hope to see how probability plays out on this..

Sit down and work it out properly yourself!

Unless you are keeping the original position open (which I understand that you are not) then all you are doing is wasting an extra spread.

+1

and OP, forward test it with a market simulator, see how well it works...