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It will not put buy orders if there is already one or if there is a position open. Running it every 30 mins to 1 hour fills all the holes in the grid created by orders being closed.
For now, this only puts in longs. I dont see serious bugs in it but its my first mq4 script.
I will make it into an advisor so that it automatically fills holes, allow for longs and shorts (how do I access the parameters of the first page of show_inputs ?) and other variants of the grid.
Backtesting will be interesting!
I put this script here so that others may test it, comment, help me develop it, put in their ideas and experience...
If u are not aware of the trading idea behind this script, look at:
http://www2.oanda.com/cgi-bin/msgboard/ultimatebb.cgi?ubb=get_topic;f=15;t=002524
(MetaQuotes: is it ok for me to refer to other forums? )
Feel free to contact me if u want to help with this.
Here is the script (ps. this is a first version.. it is rough code.. it can make u lose money... I am not responsible for any direct or indirect use of this code):