An EA that moves stop loss based on price movement, a lot like a trailing stop but slightly different.

Job finished

Execution time 4 days
Feedback from customer
Simon was extremely helpful and very patient. Seemed very knowledgeable and very efficient, will definitely use again. Thanks Simon.
Feedback from employee
Client provided project specifications and communicate in very detailed way that developers would love to. I would gladly work with client again.

Specification

Hi, I am looking for someone to make me a fairly simple EA that consists of automatically moving my stop loss up to two separate times, if my position moves into a certain amount of pips profit.

 

So once I have created a new order for a position on MT5 (that includes a stop loss) and the position has opened, the only two functions I want the EA to perform are the following:


1. If/when the price moves from the entry point into profit by xxx pips, then I want the stop loss that I set during the new order creation to automatically move in same direction by xxx pips


2. If/when the price continues to move into profit a further xxx pips, then I want the stop loss to automatically move again in the same direction by xxx pips

 

After this second stop loss move, I want to be able to just move the stop loss manually as I please for the remainder of the trade.

 

I know this is very similar to a trailing stop, but not quite, as my stop loss is originally set at a different pip amount to the amount that I want move number 1 and move number 2 to be.


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Project information

Budget
30+ USD