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I need an adjustable trailing stop loss that will be applied to my open orders and if stop loss is hit will close pending buy/sell stops for the currency pair being traded. I also need it to automatically place pending buy/sell stop orders with predetermined SL and PT.
Example:
I manually enter a Long Position on the EurUSd at 1.2050 with a lot size of 1.00 and a stop loss of 10 pips and take profit 30 pips
I want 2 buy stops to automatically be placed : 1) Eur/usd Buy Stop 10 pips above first entry (1.2060), 1.00 lot size, stop loss 10 pips, take profit 20 pips
2) Eur/usd Buy Stop 20 pips above first entry (1.2070), 2.00 lot size, stop loss 10 pips, take profit 10 pips
If stop loss is hit on any open order(s), please have it automatically close all pending positions.
When the first buy stop (1.2060) is opened/executed i need my first manual trade (1.2050) Stop loss set to break even (1.2050)
When the second buy stop (1.2070) is opened/executed i need my first buy stop (1.2060) at break even and my first manual entry Stop Loss at +10 (1.2060).
Here's another example on a power point
https://docs.google.com/presentation/d/1wVYmpzmMEoWQSvOVnmWPbpgvQz-iFulpPuUGZ0lpmHA/edit?usp=sharing