[If / Then] stop losses or take profits

[shapesaladsoup]

It would be awesome if there were some way to set a clause for stop losses / take profits. 

Eg, price is currently below entry point - price move up above entry point be a few pips - if then stop loss is triggered based on a rule of "if price moves above entry point by x, place stop loss 1 pip above entry point".

This would save me having to manually adjust stop losses, when after placing a trade, I wait for the spread to be covered as price moves in the direction of favour for the trade.