Burger Straddle Script | Page 23 | Forex Factory

Options

Go to
Permalinks
Print Thread

Similar Threads

Straddle script help? 4 replies

Open price straddle EA/Script needed 0 replies

straddle script 2 replies

Burger Straddle Script 2 replies

I need a Straddle Script (not EA) 12 replies

Attachments: Burger Straddle Script
Exit Attachments

Burger Straddle Script

  • #441
  • Apr 29, 2007 3:30am Apr 29, 2007 3:30am
Quoting awilson1
Turbo,

I've used the script in conjunction with the ManTp EA, it proven to be very effect. It has enabled me to lock profits in during quick reversals.
Just curious why you do not find BK's stops, trailing stops and take profits to be adequate ?? there seems to be ample flexibilty in BK's script.
  • #442
  • Apr 29, 2007 4:30am Apr 29, 2007 4:30am
Quoting etrader35
just one thing...lets say the buy/sell orders have gone through to your broker and you are currently in a position and then your PC crashes. Does the brokers Server capture your Targets and Stop Losses once entered a position from the EA, or does the PC and MT4 have to get up and running with applicable EA pronto ??? Or failing that, get on the phone to control orders.

et
Somebody will correct me if I am wrong.

A straddle will be sent to the broker's server whether set up by a script or manually. The server will then respond to sl and tp points.

I have not been trading the news for long, so I am still experimenting with settings. Mine are conservative; sl at -10 and tp at +20. Ok, so I am missing out on some pips in a big spike, but at least am not losing much when a position goes against me. All in all, I am ahead, and that is what counts. Most likely, I shall become less conservative with time.

  • #443
  • May 3, 2007 6:48am May 3, 2007 6:48am
The NFP news tomorrow seems be to very "negative" for USD, am I right?

How do we trade the news tomorrow?
  • #444
  • May 3, 2007 11:30am May 3, 2007 11:30am
HI All,

I am new to the idea of trading the news, but after reading this thread, I have to say I am quite intrigued.

I only have one question and that is in regards to time settings. I live in San Diego and wondering what I need to set my NewsTime too.

I am GMT-8 normally but with daylight saving time I am GMT-7. Should I just enter the GMT time for the release I want to trade?

I would like to demo the script tomorrow for the Non-Farm Report.

Any help suggestions would be great.



Also, has anyone seen this site before. It gives the opening and closing for all fx markets worldwide. You can even have it open in a pop up window to get ride of the webpage.

http://www.2007.worldmarkethours.com...htm?12,0,1,0,9

try it out… it’s great.
  • #445
  • May 3, 2007 12:01pm May 3, 2007 12:01pm
Nice work burger. On the next FF Calendar, could a broker offset be included so we can match it to local or our server time?

Thanks
Mark
  • #446
  • May 3, 2007 12:21pm May 3, 2007 12:21pm
Quoting jumpmanz5
HI All,

I am new to the idea of trading the news, but after reading this thread, I have to say I am quite intrigued.

I only have one question and that is in regards to time settings. I live in San Diego and wondering what I need to set my NewsTime too.

I am GMT-8 normally but with daylight saving time I am GMT-7. Should I just enter the GMT time for the release I want to trade?

I would like to demo the script tomorrow for the Non-Farm Report.

Any help suggestions would be great.



Also, has anyone seen this site before. It gives the opening and closing for all fx markets worldwide. You can even have it open in a pop up window to get ride of the webpage.

http://www.2007.worldmarkethours.com...htm?12,0,1,0,9

try it out… it’s great.
If you have downloaded the latest ver (from Post#1) the time you would enter would be YOUR LOCAL time that is on your computer. If you apply the script with less that 1 hour until the event, you will have to enter the trade time as GMT. That is what I have been doing with this. Also, if you are just Demo it for the NFP this Friday, notice the Max spread will probably need to be set to 20-25 pips or it may abort the trade.
  • #447
  • May 3, 2007 12:24pm May 3, 2007 12:24pm
Being new to the thread I just downloaded the scipts and attempted to load them to my chart.

I click allow live trading and the allow DLL imports and click ok.

There is a quick flash and I see the yellow clock appear and disappear within about a second. Is this normal? Do I have to load it closer to news time?

I am using Interbank FX - MT4 Verison 4 Build 204.

Any suggestion BK; anyone??

p.s. I don't have problems with other EA's or Scripts I have.

Thanks
  • #448
  • May 3, 2007 12:29pm May 3, 2007 12:29pm
Quoting jimbo61
If you have downloaded the latest ver (from Post#1) the time you would enter would be YOUR LOCAL time that is on your computer. If you apply the script with less that 1 hour until the event, you will have to enter the trade time as GMT. That is what I have been doing with this. Also, if you are just Demo it for the NFP this Friday, notice the Max spread will probably need to be set to 20-25 pips or it may abort the trade.
Thanks Jimbo,

Let me see if I have this correct. When I load the script I would set the newstime to MY LOCAL TIME without using daylight savings? If I apply it with the -1 for daylight savings I would need to enter GMT?

Sorry if I confuse you at all. Just trying to determine the correct time to enter. It would be nice to just enter my current local time of the news release.

Thanks
  • #449
  • May 3, 2007 9:08pm May 3, 2007 9:08pm
My trading plan for NFP...

Quoting Pinggarcia
The NFP news tomorrow seems be to very "negative" for USD, am I right?

How do we trade the news tomorrow?
Attached Image
Charting Markets into the Future...MǎҖ€¥.
  • #450
  • May 4, 2007 5:26am May 4, 2007 5:26am
Quoting jumpmanz5
Thanks Jimbo,

Let me see if I have this correct. When I load the script I would set the newstime to MY LOCAL TIME without using daylight savings? If I apply it with the -1 for daylight savings I would need to enter GMT?

Sorry if I confuse you at all. Just trying to determine the correct time to enter. It would be nice to just enter my current local time of the news release.

Thanks
You enter the LOCAL time...that news will be released according to YOUR computer clock. The script will start counting down using your computers clock until the time entered is hit. Then it will pace the PENDING trades on both sides. I had some issues getting it to place the right time, but had to work it out.
IF YOU PLACE the script on the chart with LESS that 1 hour to go you may have to enter the time as GMT. Set it up with a practice trade say for 15 min from now using GMT. See if the timer starts counting down showing 15:00 min to go. If NOT delete the script and re enter it to adjust for the correct time.
  • #451
  • May 4, 2007 8:05am May 4, 2007 8:05am
Hi all,

Great days, only 1 news and that's the biggest news NFP. I filled 1.9883 and get out 1.9907 so I made +24 pips

Thanks BK

To MaXeY can you post the latest economic report link please Thanks in advance MaXeY
  • #452
  • May 4, 2007 8:12am May 4, 2007 8:12am
my script didnt execute, said price too close to limit 1
cud have had an easy 20 pips
learn something everyday
  • #453
  • Edited 8:30am May 4, 2007 8:15am | Edited 8:30am
Quoting faddy
my script didnt execute, said price too close to limit 1
cud have had an easy 20 pips

Faddy what broker you use? I use North Finance, so i have to set distance at least 10 pips.
  • #454
  • May 4, 2007 8:43am May 4, 2007 8:43am
I traded with NFP with NF broker.

Entry= 1.9882
SL =1.9872 however SL didn't hit.

End Loss= -10 pips !

i notice that they widen spread to 5pip.
Charting Markets into the Future...MǎҖ€¥.
  • #455
  • May 4, 2007 8:46am May 4, 2007 8:46am
MaXeY please post latest economic report link please
  • #456
  • May 4, 2007 8:48am May 4, 2007 8:48am
Quoting MaXeY
I traded with NFP with NF broker.

Entry= 1.9882
SL =1.9872 however SL didn't hit.

End Loss= -10 pips !

i notice that they widen the spread to 5pip.
I set it up to trade 10 pips wide from the price.
Traded the GBP/U$..Spread on IBFX went to 14 wide at one point.
Got out with $65 on my 5 lots.
Went to close it and kept seeing "Server TOO Busy"..
Ended up a lot lower than I orginally was trying to sell at...but it is still a profit.
  • #457
  • May 4, 2007 8:49am May 4, 2007 8:49am
Hello asen

Economic Report V 0.4 was free version...
Economic Report V 0.5 sent for forexmuse members
Economic Report V 0.6 gonna be for sale.

Quoting asen
MaXeY please post latest economic report link please
Charting Markets into the Future...MǎҖ€¥.
  • #458
  • May 4, 2007 8:53am May 4, 2007 8:53am
Where to buy and how much MaXeY?
  • #459
  • May 4, 2007 8:57am May 4, 2007 8:57am
Hello asen

it costs 299$/year & updates sent every month.


Quoting asen
Where to buy and how much MaXeY?
Charting Markets into the Future...MǎҖ€¥.
  • #460
  • May 4, 2007 10:53am May 4, 2007 10:53am
This morning was my first use of the EA and man did it work great.

In @ 1.9884
Out @ 1.9894

10 pips woo hoo

I know it's not a lot. I think next time I will remember to turn of the ManageTP2-4 EA I use for money management on my other chart.

But I'm happy. 10 is 10 and not -10.

Jump
0 traders viewing now