Straddle with a difference

My first time posting on this site so I thought i would share my strategy with you for your opinion. Enclosed is a straddle that you enter into both positions before the news with a guaranteed stop loss on both positions which will close you out for 15 pips loss on one of those positions. It has been working with great success but only last week has this been totally blown out of the water by my provider IGMarkets.

They stopped me from exploiting there GSL by increasing the minimum stop loss level before a news event from 15 pips to at least 45 pips making it useless! Nasty! Just when it was getting soooo good too!

Anyway, just wanted your opinion on the straddle.

GCTrader

Sounds good in theory. The problem with spread betting companies like IGIndex is they are bookmakers, they want you to lose. As soon as you find a way to exploit their guaranteed stops, I think they are not going to be happy and will impose restrictions to stop you doing it

The strategy is still working now, thank god. I make pips every time as long as they dont increase the min stop level. GBP gave me 50 pips last night!