Is there an EA here that will look look at a current open trade and if in a drawdown of "x pips" will open a reverse trade with a user definded lot multiplier for the reverse rescue trade. It might reduce losses.
I am more interested in the code here to make this work.
For example we have a EURUSD buy order 1 lot and we are 20 pips in drawdown so code opens a sell order at 2 lots or what ever we are comfortable with.
A basket can simply be used to close out all trades when x pips in profit.