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Burger Straddle Script

  • #101
  • Mar 26, 2007 1:57pm Mar 26, 2007 1:57pm
Hi BK,

Like Someone I had a TP of 50 pips and a trailing stop of 20 pips but the trailing stop didn't work.

Thanks for that wonderful script.

Guiom
  • #102
  • Mar 26, 2007 2:09pm Mar 26, 2007 2:09pm
Quoting kermut
Hi BK,

Everything has been left at default, except for lot size, trailing stop, sl distance etc.

Below is the what it said in the account history.

Looking forward to your feedback.

Regards,
K
According to this screen shot, those orders were perfectly OK.

You have 3+3 lots on either side. May I know your account's leverage?
6 lots would entail a margin of 6*$196000/Leverage. If your leverage is only 100:1, then you would have needed $11.76K and is more than your account's balance.

Go to your "Account History" and enable "Comment" to see more details. I bet it will show "deleted[no money]".
  • #103
  • Mar 26, 2007 2:33pm Mar 26, 2007 2:33pm
The trailing Stop bug has been mentioned days ago if you did not read it.

Anyways, for immediate concern, I have updated it to the latest version as can be downloaded on the 1st page.

BTW. Since I can now edit the 1st page, all versionsm instructions, info will be made on the 1st post. However, I am currently fully tied up adding some neat features into the script that I find no time to fully redo that page.

Whats in the next release?
Lets just say I am adding the FF Calendar (FFCAL) + News Result. So this way, you can better judge the strength of the move while it is happening.

I have done some Game BOT AI (aka Artificial Intelligence) programming in the past; let me see if I can make an Artificially Intelligent ForexBOT that can close or extend the TP based on the Deviation. Now this will be a challenge...
  • #104
  • Mar 26, 2007 3:03pm Mar 26, 2007 3:03pm
Quoting BurgerKing
. Now this will be a challenge...
One that I'm sure you'll rise up to. The version I have been using is excellent. I would say perfect, but I guess you will surprise us.

Thanks a lot Burgerking for this wonderful tool.
  • #105
  • Mar 26, 2007 3:10pm Mar 26, 2007 3:10pm
Quoting BurgerKing
The trailing Stop bug has been mentioned days ago if you did not read it.

Anyways, for immediate concern, I have updated it to the latest version as can be downloaded on the 1st page.

BTW. Since I can now edit the 1st page, all versionsm instructions, info will be made on the 1st post. However, I am currently fully tied up adding some neat features into the script that I find no time to fully redo that page.

Whats in the next release?
Lets just say I am adding the FF Calendar (FFCAL) + News Result. So this way, you can better judge the strength of the move while it is happening.

I have done some Game BOT AI (aka Artificial Intelligence) programming in the past; let me see if I can make an Artificially Intelligent ForexBOT that can close or extend the TP based on the Deviation. Now this will be a challenge...
Thanks BK, will look forward to your new version..

your the man..

S
  • #106
  • Mar 26, 2007 7:49pm Mar 26, 2007 7:49pm
Just wanted to say wow!!!

Made 60 pips with 2 lots on todays move (UJ)!!! I am not usually home to trade news so thanks a lot Burger!!!

D.
  • #107
  • Mar 26, 2007 10:37pm Mar 26, 2007 10:37pm
Quoting BurgerKing
Whats in the next release?
Lets just say I am adding the FF Calendar (FFCAL) + News Result. So this way, you can better judge the strength of the move while it is happening.

I have done some Game BOT AI (aka Artificial Intelligence) programming in the past; let me see if I can make an Artificially Intelligent ForexBOT that can close or extend the TP based on the Deviation. Now this will be a challenge...
Wow. Sounds like Autoclick software, no?

Market is not always that logical though about reacting to sizes of deviations. Sometimes there's been none and I've watched the price shoot off. It will keep you out of a lot of nothing trades though. Thanks for sharing all this BK.
  • #108
  • Mar 27, 2007 1:25am Mar 27, 2007 1:25am
Quoting Daemien
Just wanted to say wow!!!

Made 60 pips with 2 lots on todays move (UJ)!!! I am not usually home to trade news so thanks a lot Burger!!!

D.
hi daemien

60 pips 2 lot on your live account ?

what is your broker?

thx
  • #109
  • Mar 27, 2007 6:30am Mar 27, 2007 6:30am
Quoting BurgerKing
Whats in the next release?
Lets just say I am adding the FF Calendar (FFCAL) + News Result. So this way, you can better judge the strength of the move while it is happening.

I have done some Game BOT AI (aka Artificial Intelligence) programming in the past; let me see if I can make an Artificially Intelligent ForexBOT that can close or extend the TP based on the Deviation. Now this will be a challenge...

Way to go, Kabayan!

Now, if only I can make this work on my computer. I gotta this it tonight on my demo account first.
  • #110
  • Mar 27, 2007 8:06am Mar 27, 2007 8:06am
BurgerKing, geat work and congratulations on this wonderful script.
I see you prefer to place your straddle 5 pips from price but it seems a bit close to me. Price can easily spike 5 pips in a millisecond before news. Plus you have to give the broker server time to modify the order. So personally I prefer a bit further away than 5. The question is, how successful have you been with this 5 pip straddle in the sense that your order could have been executed before news due to the modify being too late because of server delay?
  • #111
  • Mar 27, 2007 8:11am Mar 27, 2007 8:11am
Quoting PipStar
The question is, how successful have you been with this 5 pip straddle in the sense that your order could have been executed before news due to the modify being too late because of server delay?
The only time THIS will occur is if the news came out early.
But heck, last time that occured I made double profit.

UK CPI last feb was released 8 seconds early. SellStop was filled and TPed. Script modified the Buy lower; price retraced hard. BuyStop was filled and TPed.
Double profit.

Other than this was NFP last Feb 4. But I still managed to win.
  • #112
  • Mar 27, 2007 8:18am Mar 27, 2007 8:18am
hello BurgerKing

please, what is your broker?

"fast broker"

thx
  • #113
  • Mar 27, 2007 9:37am Mar 27, 2007 9:37am
Hi there

Anyone using NF experiences the minimum allowable entry of S/L
and the OrdDist and MaxDist is 10pips? I had attempted to change it to <10 but it is not possible....

Thanks!
  • #114
  • Mar 27, 2007 10:01am Mar 27, 2007 10:01am
Hi

Anyone be so kind to explain what is going on in the below attached account history in my demo account?

Thanks!
Attached File(s)
File Type: doc Doc1.doc   116 KB | 472 downloads
  • #115
  • Mar 27, 2007 10:16am Mar 27, 2007 10:16am
Quoting TSK
Hi there

Anyone using NF experiences the minimum allowable entry of S/L
and the OrdDist and MaxDist is 10pips? I had attempted to change it to <10 but it is not possible....

Thanks!
You cannot get OrdDistance less than the broker's minimum. Script makes sure you dont make an error here, and you scratching your heads asking why its not placing orders and come newstime BOOM 100 pips movemement and you curse saying WTF Script did not work..
  • #116
  • Mar 27, 2007 10:54am Mar 27, 2007 10:54am
Hey Burger,

I just wanted to say a big thank you for developing this incredible piece of software.

Beats every other News EA I've tried HANDS DOWN. The accuracy of it is spot on.

Respect dude, this is some remarkable stuff.
  • #117
  • Mar 27, 2007 3:32pm Mar 27, 2007 3:32pm
Have you guys had any trouble from your brokers (in real money accounts) trading News EA's like this one. This is a beautiful piece of work by BurgerKing but most of his trades are over in 30 seconds. Wouldn't most brokers consider this scalping ? I guess it would be good not to trade large lot sizes which would bring attention to yourself. Any suggestions?
  • #118
  • Mar 27, 2007 3:49pm Mar 27, 2007 3:49pm
My homework is going through the historic charts and figuring out some good S/L settings for myself with my particular broker (1worldFX), they certainly are quick enough that i can see, though this morning's US announcements took me out at the default 5pip S/L when it retraced about 10 pips then headed north for about 30. The script is certainly facinating to watch as it does it's dance about the price before the news.

...i missed the UK and Ero news as my net connection went down! waaaaaaa. had the scripts all ready to go and some tree fell on the lines or something. ,-(

: ) Thom
  • #119
  • Mar 27, 2007 8:25pm Mar 27, 2007 8:25pm
Hi BK
I still not sure my understanding on the script is correct.
Let's say the following entries have been made prior the order execution:
Buylot :1
Sellot : 1
Take Profit 1 : 20
Stop loss 1: 10
Tailing Stop1 : 15
MinDistance : 10
OrdDistance :10
Max Distance: 10
Max Spread : 9
SecStartOrder : 60
Secmodifyorder : 15
SecDeleteorder : 15
Sec Trailing time : 120
Based on the script entry, 60s before new release time the broker starts to place order. 15s before new time, the broker modify the order.
(a)This modified order ideally always be 10pips away from the current market price ???/(since the Mindistance=orddistance=Maxdistance =10).
(b)So, if the current market price is 1.9020, the broker will place 2 orders , one at 1.9010 and one at 1.9030????.
(c)Once the new release, if the buy order 1.9030 set in, within the next 15s from the new released time,the other order at 1.9010 will be cancelled ????
(d)The order at 1.9030 will also be cancelled if the neither S/L 1.9020 nor T/P 1.9050 has taken place within next 15s from the new relased time????
Or the order will be cancel if the ask price of 1.9030 is not able to achieve(but strange, I thought the broker has placed the order before 15s before the new release)?????
A lot of clarification needed here as it seems all my orders are not activated...I believe it is due to my entries...
(e) When my trailing stop and sectrailngtime been used in the above scenario?
(f) Is there any releationship between the maximum spread and orddistance????
Must the Orddistance always greater than maximum spread????
Is to ensure the broker collect their spread before execution of the order?if yes,why we need to consider the broker's spread before setting our target profit????
A lot of clarification needed here too....
Deeply appreciate your advices on the above silly questions
  • #120
  • Mar 27, 2007 9:33pm Mar 27, 2007 9:33pm
My orders were always getting cancelled until I increased the time on SecDeleteorder. 15 seconds isn't very long for an order to kick in if price moves too slowly.
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