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The idea of the EA is to set a Hedge Pending order instead of a Stop Loss.
For example if I enter GBPUSD for Buy and I am willing to risk say 50 pips, instead of setting my Stop Loss to
50 pips, the EA should set a Sell Stop Order (the Hedge position) at that point.
Also, the EA should have the ability to trail and lock in my profits just as the regular Trail stop does, but this time,
instead of moving the Stop Loss, in our case, it should be moving the Hedge Position. The trailing of the Hedge order
should have the Initial number of pips required to start trailing, and then the subsequent number of pips the trailing
should be following. For example, if a enter a Buy position, when I am in profit of 10 pips, then move the Pending
Hedge order up to lock in 5 pips. subsequently, for each 50 pips progression, move up the Pending Hedge Order to
lock in the profit.
Should the Pending Hedge Order be activated, and the market moves and hits the Pending Hedge Order's Stop Loss
(the Pending Hedge Order shall have its own stop loss), then the EA should automatically set another Pending Hedge
Order at the point where the Pending Hedge Order was first set.
thank you
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