Utility EA that can place limit orders when X price is reached.

 

Hello. Does anyone know if there's an existing tool or EA that can place limit orders (buy and sell) but when price reach certain value?

For example, we are in EURUSD 1.01 so I tell the EA.. if price goes up and touch the 1.10, place a pending buy limit in 1.04. Am I clear with the example? That would be very helpful to avoid traders for waiting minutes or hours in front of the PC just to place a sell or buy limit order. 

 
Why do you want an "existing tool or EA" when what you want is the MT5 built-in buy stop limit?
 
William Roeder:
Why do you want an "existing tool or EA" when what you want is the MT5 built-in buy stop limit?

I don't know about it. I started using Mt5 some days ago. I always worked with mt4. Can you explain me or send me a link to an article to know more?