Panel to open 1, 2 or 3 trades at same time, will modify SL and set TP.

This EA will handle manual trades. It will be a panel that will attach to any chart. The panel will open orders of any type and trail them according to these instructions. The panel will not hide anything from the broker. It will have the following, medium size, buttons:

1.       Button to select a pair from all the instruments in Market Watch, this panel will work with any symbol regardless of the chart where it’s attached.

2.       Type of order. Selectable list. All types of orders available in MT4:  Market execution, Buy limit, Sell limit, Buy stop, Sell stop. Default value will be Market execution.

3.       Type-in field to type the lot size, 0.01, 0.03, 0.1, 100 etcetera.

4.       Price. Type-in fields. Here, I will type the price at which the order will be opened, only if I select Limit or Stop orders. If I select Market execution, this window must be unavailable, or I can just leave it blank at the panel will work fine.

5.       TP1, TP2, TP3. This will be 3 type-in fields. Here I will enter the TP I want in price value (not in pips). If I type a TP price in all 3 fields, the panel will open 3 orders. If I only enter a TP in two fields, the panel will open 2 orders. If I only enter 1 TP, it will open one order.

6.       SL type-in field. Here, I will enter the SL for all orders. It will be the same for all 3 orders.

7.       Execute button. This button will open the orders according to the information I entered in the panel, whether they're market orders, pending orders or stop orders. All orders open in ECN mode. First they open and then TP and SL is modified.

Until this point, the panel only opened live or pending orders with SL and TP, opening from 1 to 3 orders at the same time.  The interesting thing comes next:

This is not only a panel to open orders, it has a function to modify Stop Loss. It will have the following rules:

1. If no TP is hit, then we will let SL to be hit.

2. If TP1 is hit, then ALL REMAINING ORDERS will have their SL moved to 2 pips in profit.

3. If TP2 is hit, then the REMAINING ORDERS will have its SL moved to 5 pips in profit.

At this point the EA will completely abandon the trade until it hits SL or TP. If I manually move the SL or TP, the EA will not do any correction.

I plan to open many trades with this panel, sometimes 2 trades with the same symbol, and after that 3 trades in the same symbol. Every time I click Execute button, the moving stop loss function will only affect the trades that were opened at that moment.

Example: I type 2 trades and click Execute on EUR/USD pair.

Just after that, I type 3 trades and click Execute on EUR/USD with different TP.

The EA will set and modify the SL of the first 2 trades as explained in previous rules, when one TP is hit, SL is moved to 2 pips in profit. While the EA does this, it won’t modify the SL of the 3 trades that were opened later. That’s only when 1 of those 3 trades hits TP.