I've wanted to do something like this for a while, but I've never really looked into writing EAs, just indicators. I'm not a big fan of EAs, as I believe that most purely-mechanical, totally-automated systems are doomed to failure. Good traders make money, not because they have some magic super system that the Follow, but because they have a good system, that gives them good setups, and they Trade those setups. (i.e. They use a little discretion when it comes to deciding whether or not to enter.)

Anyway, this is just my opinion, but I've wanted an EA that could handle my exits, once I manually entered a trade based on good setups. What you're talking about here sounds like just what I want.

I like the idea of a "stepped" SL instead of a trailing SL, too. If it was customizable, I could enter my trade, and then, based on support/resistance levels, pinpoint exactly where and when I'd want my SL to be moved.

Thanks Stu and Igor,

Keris