a pressure actuated valve is disclosed which includes a plurality of flow openings , and first and second pistons . the first and second pistons are independently actuatable relative to one another , and are releasable coupled to one another by a release sleeve . the pressure actuated valve also includes a closing sleeve that is operatively coupled to the second piston . in an initial position of the second piston , the closing sleeve covers or blocks the plurality of flow openings . the pressure actuated valve includes a ratchet mechanism coupling the release sleeve to the first piston , the ratchet mechanism being adapted to allow movement of the first piston between its initial position and an intermediate position and back to its initial position while allowing the release sleeve to release the second piston after a predetermined number of cycles of movement of the first piston between its initial position and the intermediate position and back to its initial position . upon release of the second piston by the release sleeve , the second piston , and the closing sleeve , responsive to the urging of a spring , will move to its final position uncovering the plurality of flow openings . the ratchet mechanism allows for the incremental movement of a release sleeve in response to movements of the first piston . the release sleeve is adapted to open the pressure actuated valve upon movement of the release sleeve through a designated distance .