Hi Guys
After a certain set of conditions is met I want to execute orders as soon as the price next touches the EMA and I know we can set pending orders based on where the EMA is when all the other conditions have been satisfied, but let's say it takes 6 candles for price to touch the EMA value. Will the order still be stuck at the original point or will it "trail" with the EMA's changing value until hit?
If, once the pending order is created, it just sits there, that doesn't work for me so is there another way of having that situation where after conditions are met a trade is executed the next time the EMA value equals price regardless of how far into the future this might occur?

Maybe I have to look at it differently where the price = EMA is the trigger, subject to a "look-back" of a certain number of bars to see if the main conditions were met?

Sorry for the newbie question but I'm a bit stuck! Any help greatly appreciated
Thanks in advance

Hi Guys
I'm trying to develop a simple Grid Trading EA and would really appreciate some help.
Upon launch of the EA I would like it to open limit orders at x pip intervals. Let's say 10 pips for an example, so if price rises 10 pips we enter a short with an x pips (again let's use 10) as TP but no SL (this will become clear).
So now, with price having risen by 10 pips and the first short is entered we need a buy limit at the open price (which is now same price as TP on that first short).
Let's say now that the price actually continues to rise. The next sell limit is triggered. This trade will then have its own 10 pip TP and a new buy limit at the TP level.
Once the grid is established let's say the price starts to fall. Each short that hits a 10 pip TP triggers a long trade at the same price but it also enters a new sell limit 10 pips above, ie at the TP level of the new short.
To be clear, imagine a grid that always has limits above and below at 10 pip intervals where each time a trade gets 10 pips ahead a new limit order replaces it each time.
Now, ok that's a classic newbie-style strategy where it will work superbly well in sideways/narrow ranging markets but will burn an account when the inevitable big move against happens. However in this case first of all I'm trading choppy Stock Indices such as the DAX30 and the AUS200, and I also run a separate strategy based on following the short term trend so a strong move against me on the grid would be more than covered by the swing trade, especially as the Grid trades are 20% of the size of the swing trade and the Grid trades are limited to maybe 5 open trades at any one time.
Seems simple but I'm struggling.
Any help greatly appreciated!
Thanks. By the way it's just the grid I need help with. Cheers.