Hi, I need a Breakout EA coded based on the following. Have manually traded this system for around 6 months now and have had phenomenal success. The EA should be able to do the following:
EA will be run on a 60min chart. It must place Buy stop and Sell stop orders based on the previous bars high and low +4pips for a BUY and -4pips for a SELL (Can maybe have a feature where one can specify the number of pips). Perhaps one should be able to specify how many bars to look back. Must have TP, SL and TS. This is the interesting part. Lets say a BUY order has been opened. I use a TP of 10 and a SL of 20. If the stoploss is hit a SELL order should immediately be opened if possible with a TP of 25. If not can put in a manual TP. I've had a few losses where my SL was hit and I was not there to open the ooposite order. I would really appreciate anybody's efforts in creating this EA. Many thanks