An EA to automatically open orders in one direction long or short, set a TP and SL add to positions and manage them.

 

drop down EA settings menu :

a) direction to trade long or short i.e SHORT

b) TP in pips i.e. 200 pips

c) SL in pips i.e 100 pips

d) fixed lot size i.e. 0.001

e) max number of open trades i.e. 10

f) open trades every #number of pips i.e. 25 

 

 example walk-through  of what is required :

1) EA opens trade SHORT (a) on initialization, lot size (d). for example if SHORT direction is selected. TP (b) and SL (c) are set. 

2) price moves down and a TP is hit at a selected level (b) i.e. 200 pips TP

3) EA opens a new trade short at market price.

4) price moves higher away from entry then EA opens a second trade SHORT in the series, TP's for ALL trades are changed to give the TP value in EA settings i.e. 200 pips

5) more SHORTS are added every 25 pips value of (f) in settings. Until TP (b) is hit or max trades in (e) is reached.