I need an evolving Gird EA

Hi there

I imagine this will just be modifying and existing grid EA

What I'm looking for is an EA that will grid trade. However specifically I'm looking for an EA that will open a predetermined (select-able) number of trades and then if the market moves further against these positions the EA will close the first position opened accepting it as a loss and then open a new position in its place. The EA then recalculates break even (plus) based on the now opened trades. Should the market continue to move against the open positions when the time comes for the next position to be opened in the grid the EA will again close the first of the current open positions, open the new position and recalculate.

Try this as an example... Grid of 4 x 20 pip, TP on each trade 20.

The EA is turned on at price 1000 on a currency pair. It buys looking to TP at 1020. The market drops to 980 where the EA opens a second position. Some news event moves the market further south, so positions at 960 and then 940 are opened thus filling the grid. Price drops further and when it reaches 920 the position first opened at 1000 is closed representing an 80 pip loss, the EA then opens a new position at 920 and establishes a break even closing point at 950. Should the market rebound to 941 the EA closes the 920 position at TP. If the market moves south again position 920 is opened again.

It needs to be able to do this in both directions

I guess you could call it a live evolving grid. There may already be something like this available but I thought I would try here first.

Thanks for your help

Attention: Hi everyone thanks for your interest. I have attached a file that shows the parameters that can be chosen in a Grid EA developed by PZ. What I'm after is an EA that will do these things in addition to what I have written above. It must be able to trade (establish grids) in both directions at the same time.

Edited 05/05/16