PROGRAM (EA) TO AUTOMATICALLY PLACE SUBSEQUENT PENDING ORDERS ONE AT A TIME AT THE TRIGGER OF THE OTHER

Requirements Specification:

1.    The EA is placed on a chart with one open order that is placed manually.

2.    As soon as EA is attached to the chart and input parameters set, it will automatically place a pending order that will open at SL price and in opposite direction to the open order in (1) above.

3.    If pending order in (2) above is triggered, the EA will automatically place a pending order that will open at SL price and in opposite direction to order in (2) above …. and so on.

4.    I want the EA to be disabled after it has placed fifth pending order in the manner describe in (3) above. That means only 5 iterations are required.

5.    If any of the successive open order hits TP during the iterations, the EA must still remain active to place next pending order in case price retraces back to hit SL price

6.    The Lot Size for each subsequent pending order is automatically increased by multiplier of 2 with the initial lot size for first pending order decided by the trader as input variable)

7.    TP and SL (measured in pips) is fixed for all subsequent pending orders and is filled as input variable in the beginning