Hedge, Simultaneously Open BUY/SELL STOP (Pending ORDER) with Executed order

[princebobby]

I'm newbie. Please help.

If no trade (1st condition) BUY Should be open by default (Default SL 10 pips, Default TP 10 PIPS), 0.01 lot size

2nd condition)SELL STOP pending order should be open simultaneously at SL price of Open order with 0.03 lot size (3 times of Opened order lot size, 3*0.01=0.03)

Example :
1)OPEN BUY order (0.01 loy size)
EURUSD 1.1324
SL 1.1314
TP 1.1334

2. SELL STOP PENDING ORDER (0.03 lot)
   EURUSD 1.1314
   SL 1.1324
   TP 1.1304

If 1st order hits SL, 2nd SELL stop pending order should open with (0.03 lot),
simultaneously BUY stop pending order should open with 0.09 lot at SL price of Opened sell order

Now it become,

1. OPEN SELL ORDER (0.03 lot)
   EURUSD 1.1314
   SL 1.1324
   TP 1.1304

2)BUY STOP PENDING ORDER (0.09 lot)
EURUSD 1.1324
SL 1.1314
TP 1.1334

Loop should continue until TP hits, ..

if TP hits, then Pending order should delete automatically..

If no open order, BUY should be open automatically...

Can anyone help in this....

[ForexS]

@princebobby Advanced Martigale. Yes I can help. However, I will suggest a better strategy having designed and tested something similar to this already

[l'andorrà]

We can try it here if you want. Do you have any initial project to begin with?

[trader.philipps]

@princebobby That strategy may not work as you expect it on live account due to spread and slippage of pending orders. However, you could use the "on trade" tab to manage the counter order on the "Trade created" block to catch whenever a trade was opened.

[tradeandearn 0]

@princebobby how is this project?

[tradeandearn 0]

@forexs im interested to know... can you share it here?