Hi guys,

kind of new to this platform and to algo trading so wanted to catch some help here.

I would like to accomplish the following,

If a trade is profitable, move the stop loss to break even and open up a second order in the same direction with new stop loss and profit target

Thanks!

Code:

// Definition of code parameters
DEFPARAM CumulateOrders = False // Cumulating positions deactivated

// Indicators
indicator1 = Stochastic[14,3](close)
indicator2 = Average[5](indicator1)
indicator3 = RSI[6](close)

// Conditions to enter long positions
c1 = (indicator1 CROSSES OVER indicator2)
c2 = (indicator3 <= 30)

IF c1 AND c2 THEN
BUY 1 CONTRACT AT MARKET
ENDIF

// Conditions to exit long positions
c3 = (indicator1 CROSSES UNDER indicator2)

IF c3 THEN
SELL AT MARKET
ENDIF

// Conditions to enter short positions
c4 = (indicator1 CROSSES UNDER indicator2)
c5 = (indicator3 >= 70)

IF c4 AND c5 THEN
SELLSHORT 1 CONTRACT AT MARKET
ENDIF

// Conditions to exit short positions
c6 = (indicator1 CROSSES OVER indicator2)

IF c6 THEN
EXITSHORT AT MARKET
ENDIF

// Stops and targets
SET STOP pLOSS 8
SET TARGET pPROFIT 15