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Burger Straddle Script

  • #181
  • Mar 29, 2007 8:12am Mar 29, 2007 8:12am
thank you bk for your hard work, this is really awesome gift and software, thank you and you really deserve great reward for this, thank you again.
  • #182
  • Mar 29, 2007 12:44pm Mar 29, 2007 12:44pm
Hi BK,
I have question about a thing which happend to me today on GDP news.
I played the news with EURUSD. I opened two separate windows, one I set for fixed profit target of 10 pips and the other one I set to 100, so kinda let the thing run and see how far it can get.
I also got problem with TOO WIDE SPREAD.
Here comes the weird thing: the TOO WIDE SPREAD thing was only on one of EURUSD chart. The other one stayed tuned and later on was taken as the price moved on.
Could be some MT issue, or something else ? What do you think.
  • #183
  • Mar 29, 2007 3:44pm Mar 29, 2007 3:44pm
This week so far on a live IBFX account trading Cable.

+50 pips
+28 pips
-10 pips
+15 pips

TOTAL 83 pips

Still have Price Index tomorrow at 12:30 GMT

I just set the max spread to 10 and let it do its thing.

--- S ---
  • #184
  • Mar 29, 2007 3:52pm Mar 29, 2007 3:52pm
I got +22 pip very nice on my live interbank fx thank you bk keep up the good work.just for people to know my settings are sl 20 tp 50 ts 10 max pips spread 20.Its woking very well if there is a nice spike it will catch it i love it.Next report is from jpy coming out at 7:30est.good luck to every one.
MIR
  • #185
  • Mar 29, 2007 4:33pm Mar 29, 2007 4:33pm
I traded lost 15 pips whipsaw i traded gbp/jpy i dont think its the script foult if the would be no whipsaw then it would be fine.Till tomorrow.
MIR
  • #186
  • Mar 29, 2007 4:49pm Mar 29, 2007 4:49pm
Dev: -0.2
Move: None !
seems jpy news useless,, seems jpy gdp is the only mover.

Quoting mniemiec
I traded lost 15 pips whipsaw i traded gbp/jpy i dont think its the script foult if the would be no whipsaw then it would be fine.Till tomorrow.
Charting Markets into the Future...Mﾇ者問ぎﾂ･.
  • #187
  • Mar 29, 2007 5:07pm Mar 29, 2007 5:07pm
Quoting MaXeY
Dev: -0.2
Move: None !
seems jpy news useless,, seems jpy gdp is the only mover.
This sucks.... ! Four News Items..all at the same time... and not even a move!
I set up the USD/JPY to trade 8 mini lots and left to go to the store.
Came back and the chart looks like it took a nap.
Oh Well...wanted to see this script "Do It's Thing".
Have to wait until the Friday morning News now.
  • #188
  • Mar 29, 2007 5:17pm Mar 29, 2007 5:17pm
jpy news sucksssssssssssssssssssssssssssss!!!!!!!
MIR
  • #189
  • Mar 29, 2007 5:31pm Mar 29, 2007 5:31pm
Quoting mniemiec
jpy news sucksssssssssssssssssssssssssssss!!!!!!!
You wont find me trading JPY news
  • #190
  • Mar 29, 2007 5:33pm Mar 29, 2007 5:33pm
BK,

Found out the problem. Trading too many lots. Even though I was risking 3% of my account with a tight SL, broker said I was investing too many lots. So I cut down on the lots, and yeah, it worked.

Shit Japan news though. So many reports, hardly a move.
  • #191
  • Mar 29, 2007 6:04pm Mar 29, 2007 6:04pm
Quoting turbo_electric
BK,

Found out the problem. Trading too many lots. Even though I was risking 3% of my account with a tight SL, broker said I was investing too many lots. So I cut down on the lots, and yeah, it worked.

Shit Japan news though. So many reports, hardly a move.
Thats what I was suspecting... Not Enough Money.. What did i tell you? There has been several good news this week and you did not profit from em because of this?

Even if you are risking 3% (lots x SL x cost per pip / Balance), you need to consider whether you have enough FREE MARGIN to trade...
ie,
Free Margin > Lots X Margin per Lot
  • #192
  • Mar 29, 2007 6:21pm Mar 29, 2007 6:21pm
Ah well. Bring on April.
  • #193
  • Mar 29, 2007 9:09pm Mar 29, 2007 9:09pm
Thanks for sharing - great results.

You say tp is 50. How do you manage your trades i.e. close out before tp is hit? Are you always at your monitor? How long do you wait on average before closing the trade?

Cheers

Quoting mniemiec
I got +22 pip very nice on my live interbank fx thank you bk keep up the good work.just for people to know my settings are sl 20 tp 50 ts 10 max pips spread 20.Its woking very well if there is a nice spike it will catch it i love it.Next report is from jpy coming out at 7:30est.good luck to every one.
  • #194
  • Edited 11:04pm Mar 29, 2007 10:17pm | Edited 11:04pm
Trailing Stop is one of the last features I have added to BurgerStraddleScript. I personally do not use TS and have not tested it on live trades.

I appreciate if those people using DEMO accounts could try the Trailing Stop functionality and check if there are any bugs.

MT4 does not allow setting SL if the price is near the TP... I programmed the Trailing Stop function to "push" the TakeProfit away if the price is near the TP. In a way this is good because you can get more PIPs. But this may be bad as Trailing Stop would prevent price from hitting the TP. Therefore, once Script has moved the SL to your comfort level you can immediately abort and let price hits TP.
Hmm... I think Trailing Stop should stop Trailing once Price is near TP...?? Your feedback is appreciated here.

News Feed is the last addition to the BurgerStraddleScript. It is not fast. But nonetheless helpful. Initially, it can be used to verify if your NewsTime and Currency Pair. If you were trading the CAD GDP this Mar30, you should see the CAD news on the chart. if you dont see it, it either implies you dont have the correct NewsTime nor do you have the correct Currency Pair.

Lastly, MT4 has fixed some major Time related bugs. Therefore, Time is now back in Local Time.
You can specify NewsTime as:
8:30
8:30:00
8:30:05
8:30PM
12:30GMT
2007.03.30 12:30GMT
But time will be converted back to LocalTime though...
  • #195
  • Edited 11:21pm Mar 29, 2007 11:12pm | Edited 11:21pm
Yes im always by the monitor when i trade news.My trades are probably open not more than a few seconds after a spike i close the trades manualy when my tp is not hit in that spike.
Quoting the bhoy
Thanks for sharing - great results.when i trade the news im always by the monitor.

You say tp is 50. How do you manage your trades i.e. close out before tp is hit? Are you always at your monitor? How long do you wait on average before closing the trade?

Cheers
MIR
  • #196
  • Mar 30, 2007 12:29am Mar 30, 2007 12:29am
Hi BK

There seems to be 'time delay' between launching the 3g version script to have it appear on the screen.

I hit the 'ok' for the script at 07:14:38 but the script only appear on the screen at 07:15:24.Pls see attached.

Is this normal?

Thanks!
Attached File(s)
File Type: doc 3g.doc   654 KB | 457 downloads
  • #197
  • Edited 2:31am Mar 30, 2007 1:18am | Edited 2:31am
Its the amount of time it needed to fetch the calendar from FF. But this happens only once upon loading. Fetching the actual number is faster.

Umm... Almost 60 seconds??? You sure got a very slow internet connection... You can disable the NewsFeed by turning off the NewsFeed variable.

I am working on a newer version that would cache them for the whole week. This should speed things up Dramatically! After all, news of interest are Scheduled News...
OR
I can have a different Script that handles the NewsFeed altogether.. The current existing FFCal only publishes the schedule. I can write one that displays the result as well.
  • #198
  • Mar 30, 2007 1:31am Mar 30, 2007 1:31am
Will the USD Core PCE Price Index m/m be a big news later? I will try to adjust the time from 15 seconds to 59 seconds to give it more time to react before it'll cancel out by itself later. Will use it in demo first, though.

Thank you, BK.

BTW, do I have to keep my computer "running" in order for this script to work?
  • #199
  • Mar 30, 2007 1:38am Mar 30, 2007 1:38am
USD Core PCE Price most of time its not a good mover. but if it's deviate by 0.2 we can see good move.


Quoting Pinggarcia
Will the USD Core PCE Price Index m/m be a big news later? I will try to adjust the time from 15 seconds to 59 seconds to give it more time to react before it'll cancel out by itself later. Will use it in demo first, though.

Thank you, BK.

BTW, do I have to keep my computer "running" in order for this script to work?
Charting Markets into the Future...Mﾇ者問ぎﾂ･.
  • #200
  • Mar 30, 2007 4:18am Mar 30, 2007 4:18am
Burger king i want say thanks for this fantastic system...you are a genius !!!
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