Fill The Gap Grid
This is a pure grid strategy which completely works on pricelevel. So the idea behind this simple algo is when it starts it places 6 orders.
Buy- Current price
Sell- Current price
BuyStop- Current price+ Some Pip Configurable distance
Sell Limit - Current price+ Some Pip Configurable distance
BuyLimit- Current price- Some Pip Configurable distance
SellStop - Current price- Some Pip Configurable distance
When any order hits its take profit it fill the gap with pending order. and When ever a level is reached the bot looks for the missing pending in upper and lower level . In this way it continuously places trades in every level.
User can also set the upper and lower level of the buy and sell type orders so that beyond those price level only one type of pending order (either BUY/SELL ) will be placed