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Burger Straddle Script

  • #41
  • Mar 22, 2007 8:30am Mar 22, 2007 8:30am
Thank you very much for the effort you've put into this script. However I can't get it to stay loaded on my platform. I see it under my scripts in my navigator window . When I bring it up on my chart,set the time and click OK, I see no indication that it is on my chart(no Burger script details in the upper left hand corner) and my expert tab says "Burger script removed". Can you tell me what I'm doing wrong? Thank you.
  • #42
  • Mar 22, 2007 8:45am Mar 22, 2007 8:45am
I found my problem. I didn't have DLL imports checked in my expert advisors. Thanks again.
  • #43
  • Mar 22, 2007 9:52am Mar 22, 2007 9:52am
Hi BK, thanks for your insights and creation !

I'm going to test it out for Friday's news and beyond.

I have an "out of the box" (pun intended) question. I'm typicaly trade the London Open and usually place a chart alarm above/below the Asian range leading up to the L.O. I'm looking at what you've created here and wonder if i could just as easily include say a specific time after the L.O., maybe 08:20 London Time (?just an example) and it might work out as intended as initiating trades, yet they would not be based on news volatility, rather a market's open?

I hope that makes sense?

Cheers,
Thom
  • #44
  • Mar 22, 2007 10:01am Mar 22, 2007 10:01am
Quoting accrete
Hi BK, thanks for your insights and creation !

I'm going to test it out for Friday's news and beyond.

I have an "out of the box" (pun intended) question. I'm typicaly trade the London Open and usually place a chart alarm above/below the Asian range leading up to the L.O. I'm looking at what you've created here and wonder if i could just as easily include say a specific time after the L.O., maybe 08:20 London Time (?just an example) and it might work out as intended as initiating trades, yet they would not be based on news volatility, rather a market's open?

I hope that makes sense?

Cheers,
Thom
What you just described is called "box play". I believe there is pipboxer for just the case.
  • #45
  • Mar 22, 2007 10:14am Mar 22, 2007 10:14am
There is a "minor" bug with the Trailing Stop functionality.

If the price is near the TakeProfit levels, it would not be able to place the Stops anymore..

Reason: It is not allowed to modify an order to set TakeProfit near the current prices.
  • #46
  • Mar 22, 2007 10:26am Mar 22, 2007 10:26am
Quoting radyfox
it's a nice system but I miss there a function that can change SL to BE+1 or higher after successful execution...
Use the Trailing Stop functionality to bring Stop to BE point or higher. Once you saw it moved to your desired level, delete the clock to stop everything and ride it to where you want.
  • #47
  • Mar 22, 2007 10:29am Mar 22, 2007 10:29am
Quoting BurgerKing
What you just described is called "box play". I believe there is pipboxer for just the case.
Thanks for the reply BK, yup PB is out there, and has shown some traders a level of success and i appreciate all the work aparsai has put into that family of EAs. . . and i typicaly incorporate John Carter's "Box Play"...a very effective strategy.

What i thought of with what you've created here is that it reacts in real time to price...PB looks at a trading window that may or may not be relevant by the time a particular market "Open Range" is set. What i've seen in my study/testing of the breakout boxes is they may continue in a direction for several hours of the Asian, do a German Head Fake, come around and settle into a trend by 20m/30 m after London finaly opens. An EA that looks back at a "window" prior to this typical moment in the "Open" might be fooled by the past data and take the wrong side of the market. Just a ramble.

I suppose i have nothing to lose but monopoly money so i'll check it out tonight anyway.

: )
  • #48
  • Mar 22, 2007 10:38am Mar 22, 2007 10:38am
Quoting accrete
Thanks for the reply BK, yup PB is out there, and has shown some traders a level of success and i appreciate all the work aparsai has put into that family of EAs. . . and i typicaly incorporate John Carter's "Box Play"...a very effective strategy.

What i thought of with what you've created here is that it reacts in real time to price...PB looks at a trading window that may or may not be relevant by the time a particular market "Open Range" is set. What i've seen in my study/testing of the breakout boxes is they may continue in a direction for several hours of the Asian, do a German Head Fake, come around and settle into a trend by 20m/30 m after London finaly opens. An EA that looks back at a "window" prior to this typical moment in the "Open" might be fooled by the past data and take the wrong side of the market. Just a ramble.

I suppose i have nothing to lose but monopoly money so i'll check it out tonight anyway.

: )
I am personally facinated by this Box Play system.. I know the basic concept - which is more/less a break out system like Straddle but on a larger timeframe. I still however do not have full grasp of which time period to check though.. I was told to monitor the 2 hour window before London Open.

If I am not mistaken Amazing EA is written similar to a Box Play. It checks past data and set the entry points according to the volatility of this data.

Hmmm.. I think BurgerStraddleScript can be made to do a Box Play on large TimeFrame too.. You will need to play around with the Min,Ord and MaxDistances and longer SecModifyOrder...
  • #49
  • Mar 22, 2007 10:42am Mar 22, 2007 10:42am
Can anyone please teach me how to save the script to my platform? This is my first time to save a EX4 file and I'm no tech savvy guy.... please help.

Here's what I did:
I click the attached script link BK gave.
Select "save".
Save it to the appropriate broker's file under experts > script.
So... what should I do next?
Do we need to compile the ex4 file?

I closed the platform and run it again, but the "burger straddle" script is nowhere to be found in the "scripts" under the "navigator window". Did I missed something there? Help from anyone will be greatly appreciated.
  • #50
  • Mar 22, 2007 10:53am Mar 22, 2007 10:53am
http://img79.imageshack.us/img79/6200/piclf7.png

Hi Sam1...just drag it from navigator to your chart...
But my problem now..how to set the localtime...
me now at GMT+8, when i set it to 17:30...it shows 15:xx and my computer time is 11:xxpm
  • #51
  • Mar 22, 2007 11:21am Mar 22, 2007 11:21am
Thanks granpa for the quick response, but as I've said... there's no "burger straddle script" in my navigator window, so it's not possible to drag it to the chart.

Kabayan BK! please help! walk me through it please.....:
  • #52
  • Mar 22, 2007 5:47pm Mar 22, 2007 5:47pm
Quoting sam1
Thanks granpa for the quick response, but as I've said... there's no "burger straddle script" in my navigator window, so it's not possible to drag it to the chart.

Kabayan BK! please help! walk me through it please.....:
You must be the 2nd person I know who could not get it to show in the navigator window.

The 1st case, I told him to download/install a new broker and try putting BurgerStraddle on that. He got it to instal there. Once realized it work, he then uninstall/reinstalled his "live trading broker" platform.

Perhaps you should try doing just that.
  • #53
  • Mar 22, 2007 5:57pm Mar 22, 2007 5:57pm
Quoting granpa
But my problem now..how to set the localtime...
me now at GMT+8, when i set it to 17:30...it shows 15:xx and my computer time is 11:xxpm
Get the latest version v3. Everything is forced to use GMT+0 as time is directly fetched from the computer system; MT4 has several bugs with the time function.
  • #54
  • Mar 22, 2007 6:56pm Mar 22, 2007 6:56pm
Quoting BurgerKing
You must be the 2nd person I know who could not get it to show in the navigator window.

The 1st case, I told him to download/install a new broker and try putting BurgerStraddle on that. He got it to instal there. Once realized it work, he then uninstall/reinstalled his "live trading broker" platform.

Perhaps you should try doing just that.
Thanks BK! I finally got it installed in my IBFX platform, but failed to install it to my NF platform, which is the platform I'm using for demo trade. hmm... strange...

Anyway, I'll give it a test later....
  • #55
  • Edited 8:49pm Mar 22, 2007 8:15pm | Edited 8:49pm
I've spent the last two hours playing with this on the Gbp/Jpy pair just setting it to engage two to three minutes away from my current doodle time to check different settings. This Script is facinating...Good Work BK !!

I have a question on it's placement of orders. What i've seen several times is it will state (after coming up to the modify time zone) "[SellTicket too far]" the settings were the defaults (and it will occasionaly do the same with mod settings). Then it will have two pending orders with current price showing in my example 232.00 Buy Stop 348.01 and Sell Stop 115.97 without printing any sell or buy stops on the chart near the current price.

here is an example:

http://accrete.com/fx-posts/demopix/...23BKnews01.gif

I hope that makes sense?
Thom
  • #56
  • Mar 22, 2007 8:52pm Mar 22, 2007 8:52pm
Thanks Burger King.

I have been doing this as well manually....I tried to take the DUALSTRADDLEOCO EA and set it up to make the dual pending orders. I got that far, but since I am just learning the programming that was it.
- SAFE TRADING MONEY DUCK
  • #57
  • Mar 22, 2007 11:15pm Mar 22, 2007 11:15pm
Quoting accrete
I have a question on it's placement of orders. What i've seen several times is it will state (after coming up to the modify time zone) "[SellTicket too far]" the settings were the defaults (and it will occasionaly do the same with mod settings). Then it will have two pending orders with current price showing in my example 232.00 Buy Stop 348.01 and Sell Stop 115.97 without printing any sell or buy stops on the chart near the current price.

here is an example:

http://accrete.com/fx-posts/demopix/...23BKnews01.gif

I hope that makes sense?
Thom
Please read my 1st post regarding how BurgerStraddleScript actually puts the BUY/SELL Stops.

Upon Modification Phase, Obviously, the pending orders are too far away and it will bring them nearer. Thus you are seeing the [xxxxTicket is too far]. This is all correct.

BurgerStraddleScript has several Phases:
1. Wait for SecStartOrder
2. Place the Orders
3. Wait for SecModifyOrder
4. Modify the orders until newstime
5 newstime
5a, wait for anthing to happen
5b, delete if nothing happened
5c, delete other other (OCO)
5d, trail filled orders

You have to know what phase BurgerStraddleScript is at so you will understand what it is doing. The most difficult part perhaps for any non-programmer (even for programmer) to understand is Phase 2, Phase 4 part.
  • #58
  • Mar 23, 2007 2:57am Mar 23, 2007 2:57am
Hi BK,

Thanks very much for your generous script. I tried to test it out yesterday on the UK Retail Sales and it opened pending orders but then didn't trade so I'm not sure what went wrong.

Would you mind putting down your settings for how you would have it set up to trade something like yesterdays UK Retail Sales? I'm a little confused about all of the settings.

Also, what is the advantage of a script over an EA?

Thanks again,
-b
  • #59
  • Mar 23, 2007 4:51am Mar 23, 2007 4:51am
Quoting b-rock
Hi BK,

Thanks very much for your generous script. I tried to test it out yesterday on the UK Retail Sales and it opened pending orders but then didn't trade so I'm not sure what went wrong.
Read:
Your computer's time should be SYNC. Otherwise, those orders might be deleted before news, or placed after the news.
AND PLEASE DONT TELL ME YOU SET SecModifyOrder to a very small number. I have explained this already!


Quote
Would you mind putting down your settings for how you would have it set up to trade something like yesterdays UK Retail Sales?
I only change Lots and NewsTime. The other values are what I personally use.

If you want to know the effects of each variable, PLEASE change one number at a time! especially those TIME variables.

Quote
I'm a little confused about all of the settings.

That is why you need to read the documentation/instractions I posted.
Secondly, Practice, practice, practice. I personally developed this script as early as August and it is now version 3c. I started it at 0.1; as a matter of fact, my personal version is now 3e. Please take the time to practice (of course on demo accounts) and dont say "ok i will try it tommorrow" (without even caring to test it first assuming you already know it all)....

Quote
Also, what is the advantage of a script over an EA?

Thanks again,
-b

I posted the explanation already.
  • #60
  • Mar 23, 2007 6:08am Mar 23, 2007 6:08am
Hello Bk i just opened a demo mql4 account
please how do i install and save this script so i can test it
Thanks
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