EA activates trialing stop loss when a position is x amount of pips in profit
As soon as the trailing stop activates I want the EA to also open position in the opposite direction. A new position will also open in the opposite direction every time the trailing stop loss moves. All positions in the opposite direction shall be closed when the trailing stop loss is hit.
The sequence should be like this:
-Trailing stop loss activates
-Position opened in opposite direction with same lot size as the initial position
-Trailing stop loss 1st step after being activated
-Second position opened in opposite direction using same lot size as the previous position in the opposite direction
-Trailing stop loss 2nd step after being activated
-Third position opened in the opposite direction using double the lot size as the previous position in opposite direction
-Trailing stop loss 3rd step after being activated
-Fourth position opened in the opposite direction once again using double the lot size as the previous position in the opposite direction
And so on..
opposite direction lot sizing example using .01 initial lot size
trade 1: 0.01
trade 2: 0.01
trade 3: 0.02
trade 4: 0.04
trade 5: 0.08
trade 6: 0.16
trade 7: 0.32
trade 8: 0.64
etc etc
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