Is there a way to place a stop loss order once the price reaches a certain point?

(This is for Forex, but it should be similar with stocks.) This is what I would like to do:

Place one market buy order with S/L at say 20 pips and T/P at say 20 pips.
Place a second market buy order with S/L at say 20 pips and no T/P with S/L to be adjusted later.

Once the price reaches +20 pips, the first order will complete. At that time, I would like the second order's S/L to be moved to break even. This could potentially continue as the price continues to rise.

Is it possible? What

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