Is it possible to have an EA that will put a stop loss of 5 pips initially AND then puts a trailing stop of 15 pips that trails BEFORE the position is 15 pips positive? The trailing stop wouldn't come into effect after it passes the 5 pip stop loss(which would be at 11 pips positive on the trade)
This is how it would work. I would enter the position with a 5 pip stop loss and then when my position hit 11 pips positive a 15 pip trailing stop that trails before the position is 15 pips positive) would then move the stop loss up pip by pip.
Preferrably the 5 pip stop loss and the 15 pip trailing stop would be variables.
Also I would need it to work for pending orders as well as market orders
Alternatively I could manually put the 5 pip stop loss in, and would only need the EA to put a 15 pip trailing stop (again that trails before 15 pips positive) at 11 pips positive. But the trailing stop must not come into affect until it is able to move the stop higher than the 5 pip stop loss
Is this possible? If so, can someone show me where I can find it? Or if it isn't too much trouble maybe someone can make one.
Thank you all so much.
This is how it would work. I would enter the position with a 5 pip stop loss and then when my position hit 11 pips positive a 15 pip trailing stop that trails before the position is 15 pips positive) would then move the stop loss up pip by pip.
Preferrably the 5 pip stop loss and the 15 pip trailing stop would be variables.
Also I would need it to work for pending orders as well as market orders
Alternatively I could manually put the 5 pip stop loss in, and would only need the EA to put a 15 pip trailing stop (again that trails before 15 pips positive) at 11 pips positive. But the trailing stop must not come into affect until it is able to move the stop higher than the 5 pip stop loss
Is this possible? If so, can someone show me where I can find it? Or if it isn't too much trouble maybe someone can make one.
Thank you all so much.