Does anyone have this kind of hedging robot?

[Andreas Hammer Gronl]

An EA that automatically hedges my position as soon as it goes below a certain price/loss/pips, and as soon as the price goes above the price it started to hedge at, it closes the hedge position for a breakeven. But if it goes down yet again (2-3-4-5th time ..) then it continues to open and sell this hedge position for each time. That way I don't manually need to watch every move in the market in case it goes under a certain level.