MakeGrid ea
This ea does all those features, the only thing it doesnt do is automatically restart. You will have to restart it manually.
That strategy works a lot of the time but when it doesnt it gets real nasty!
Check this thread
Here is the original thread at sbfx and I think at post 59 there is a word doc which explains all the functions.
http://www.strategybuilderfx.com/showthread.php?t=15936&page=8&highlight=grid
If we can have a smaller profit target , and the EA stops trading when that target is reached i think the draewdown can be kept to a minimum. do a manual calculation and you will see.
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i was thinking of this idea ....
need some modification to this EA .
suppose the price is at x .... i need say 20 buystop orders above x and 20 sellstop orders below x with say 10 pip gaps between each order.
place a huge takeprofit but no stoploss..
there should be a function which monitors the profit when it goes to say 30 pips close the whole grid and restart.