An EA - essentially a looping entry system

This is more of an entry system than an EA. It will generally show terrible results because it chases prices that are moving in the wrong direction. I use it for a very specific purpose. 

Explanation of the Loop:

The loop diagram (attached) shows a long (buy) example.

It must also work for a short (sell).

The following sequence represents 1 full loop:

(This is for the buy side (long positions), the sell side (short positions) will be the opposite)

Buy   at                                                          Start

Place stop loss at                                             -1

If price moves to                                             1 followed by -1

Buy  at                                                           -1         (re-start loop here)

Place stop loss at                                            -2

Else

If price moves to                                             -1

Buy  at                                                           -3         (re-start loop here)

Place stop loss at                                            -4

A note about efficiency: Notice at the 2^nd buy in the loop, we get stopped out of a long position and then immediately re-buy at the same price (-1).  It would be better (more efficient) not to buy again, but rather to simply move the stop to -2 when the price reaches 1. This obviously saves the cost of an extra unnecessary buy entry. Can you program that?

The loop repeats from the “start” at any arrow.  (in other words at any buy entry or sell entry)

I have a full explanation and real life examples for all applicants. 

Thanks,

Brian