We all know what a trailing stop is, and many/most EA's have the option to set a Trailing Stop level.
What I am after is an EA that places orders with a Trailing Open Order Entry trigger.
That is, when prices retrace a certain number of pips, that an order is placed in the direction of price movements.
For example, prices drop 15 pips, that a sell order is placed.
I'd want this EA to trade all time frames and currency symbols/pairs.
In my wish list, such an EA would also have all the usual functions built in like Money Management, Stop Loss, Take Profit, Trailing Stop, Hedging and Reversal functions.
I am guessing that someone has built this type of EA before - can someone direct me to where I can get it from.
What I am after is an EA that places orders with a Trailing Open Order Entry trigger.
That is, when prices retrace a certain number of pips, that an order is placed in the direction of price movements.
For example, prices drop 15 pips, that a sell order is placed.
I'd want this EA to trade all time frames and currency symbols/pairs.
In my wish list, such an EA would also have all the usual functions built in like Money Management, Stop Loss, Take Profit, Trailing Stop, Hedging and Reversal functions.
I am guessing that someone has built this type of EA before - can someone direct me to where I can get it from.