A very easy EA to create. No market entry logic, just place pending orders and delete pending orders.

I need a simple EA which waits for me to place a trade and then takes over from there.

All the EA will do is open a pending orders in the same direction as the trade I opened but a little bit ahead. if my trade hits the StopLoss, then the EA will cancel the pending order and sleep. If the pending order is filled, the EA opens another pending order, and another if that one is filled, etc.

Here is a more logical explanation:


The EA does nothing while there are no trades on the chart.
 
The trader will manually open a trade in order for the ea to activate.


(Here is a BUY example):

The EA would activate once it sees that there is a trade on the chart.

The EA will figure out if the trade was a buy or a sell. Say it is a BUY for this example. The EA will open one pending BUY $VAR1# pips ABOVE the current open trade for $VAR2# of lots. From here one of two things can happen:

Option One: The price moves against the open trade. The open trade gets stopped out. => In that case, the EA will cancel the pending order and go back to sleep.

Option Two: The price moves in favor and the pending order is triggered. => In that case: The EA will open a new pending BUY order with the same parameters as before (the EA will open a pending buy $VAR1# pips ABOVE the current open trade for $VAR2# of lots.)

This continues endlessly. (I have separate code to close trades)


It does the same thing but opposite for buy vs sell.


(Here is a SELL example):

The EA would come alive once it sees that there is a trade on the chart.

It will figure out if the trade was a buy or a sell. Say it is a SELL for this example. The EA will open one pending SELL $VAR1# pips BELOW the current open trade for $VAR2# of lots. From here one of two things can happen:

Option One: The price moves against the open trade. The open trade gets stopped out. => In that case, the EA will cancel the pending order and go back to sleep.

Option Two: The price moves in favor and the pending order is triggered. => In that case: The EA will open a new pending SELL order with the same parameters as before (the EA will open a pending sell $VAR1# pips BELOW the current open trade for $VAR2# of lots.)

This continues endlessly. (I have separate code to close trades.)