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Burger Straddle Script

  • #141
  • Mar 28, 2007 7:36am Mar 28, 2007 7:36am
live on interbank fx +13 pips thanks bk
MIR
  • #142
  • Mar 28, 2007 7:36am Mar 28, 2007 7:36am
I set it for EU, GU, UC tonight, all at default setting.

But it did not trigger any buy/sell. Did I do it correctly?
  • #143
  • Mar 28, 2007 8:02am Mar 28, 2007 8:02am
Just tried it again for the Durable goods, but same thing happened. The price started moving a few seconds before the official news time, and the modifying order couldn't keep up, but before 1 order was filled, everything got deleted.
  • #144
  • Mar 28, 2007 8:20am Mar 28, 2007 8:20am
This is an awesome script, thanks very much. This is my first post at FF and, in fact, I joined just to be able to say a big thanks to BurgerKing!

I'm still learning and just practicing with microlots on my IBFX account, but so far, it works like a charm. 20 pips no problem on USD Durable orders this morning.

Thanks again, this is fantastic!
  • #145
  • Mar 28, 2007 8:20am Mar 28, 2007 8:20am
hi Burger, i have tested your great straddle script on EUR/USD today and everything went fine (except the fact that the pair did not move at all but your script has nothing to do with that ^^ )

we will have 2 more occasion today with Bernanke speech and Trichet speech
  • #146
  • Mar 28, 2007 8:23am Mar 28, 2007 8:23am
Quoting Pinggarcia
I set it for EU, GU, UC tonight, all at default setting.

But it did not trigger any buy/sell. Did I do it correctly?
Make sure that the "Allow DLL imports" box in tools> options> expert advisors is checked. And make sure that the time setting is GMT.
  • #147
  • Mar 28, 2007 8:29am Mar 28, 2007 8:29am
Quoting turbo_electric
Just tried it again for the Durable goods, but same thing happened. The price started moving a few seconds before the official news time, and the modifying order couldn't keep up, but before 1 order was filled, everything got deleted.
#1
I wonder if you have a slow broker.. In my end its doing well. Please post your Distances values.

#2
Its part of OCO. It may not wait for it to be filled. but the mere fact that it touched the entry prices, its considered filled.

#3.
Practice, practice, practice. Dont expect to be an expert straddle overnight. I am tutoring a niece to straddle news and even after 1 month of full teaching, she's still green. What more if you dont have a full time mentor?

Please go to your Account History, and enable Comment. Then come back here with the post. An example is shown.

Quote
live on interbank fx +13 pips thanks bk
WOW.. I envy you people making more pips that I do... I just bagged 8 on that and leave with the money. Seems that the pupils are doing better than the master. thats good sign.
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  • #148
  • Mar 28, 2007 8:32am Mar 28, 2007 8:32am
Quoting jimbo61
BK,
Great script.
I actually loaded this onto the GBP/$ for this morning 7:30 GMT news even too.
I watched it do it's "Majic" right up to the point it "ABORTED"...Spread too wide.
Luckly I have a fast connection and I entered it manually and caught 70% of the dip.
I needed to widen the Max Spread setting to correct this problem. It was set to the default of 5.
I reloaded it on the EUR/$ for the 11:30 GMT news event and widen the Max Spread to 6 on the EUR/$ (normally 2 pips).
Thanks again for the hard work you put into it.
Let see how it does on the next run.
First of all..this account is a LIVE account..no Demo here....
Looking like a good trade was about to happen on the opening tic.then immediatly (2 sec.) my SL was hit and threw me for a loss. (-$40)
I should have know better to leave the SL @ the default of 5 on any EUR/$ trades. Next time will be better. Will have to go with a 10-15 SL setting.
  • #149
  • Mar 28, 2007 8:32am Mar 28, 2007 8:32am
This is what I'm seeing in the journal.
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  • #150
  • Mar 28, 2007 8:39am Mar 28, 2007 8:39am
Here are the enabled comments, BK.
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  • #151
  • Mar 28, 2007 8:41am Mar 28, 2007 8:41am
The main thing I like with this script is that it sort of enable you to relax before news time knowing that your straddle orders will be placed automatically. No need to stress out with manual entry orders. It worked well with Durable goods news although I collected a meagre amount of pips because the market retraced.

I notice the script has an expiry date. Does that mean that it will not work after 31st March?
  • #152
  • Mar 28, 2007 8:44am Mar 28, 2007 8:44am
Quoting turbo_electric
Here are the enabled comments, BK.
It says 'Cancelled by Dealer' so to me it looks like the order was cancelled by your broker. Could be interesting to know which broker this is.
  • #153
  • Mar 28, 2007 9:07am Mar 28, 2007 9:07am
Quoting PipStar
The main thing I like with this script is that it sort of enable you to relax before news time knowing that your straddle orders will be placed automatically. No need to stress out with manual entry orders. It worked well with Durable goods news although I collected a meagre amount of pips because the market retraced.

I notice the script has an expiry date. Does that mean that it will not work after 31st March?
Hi. the script didnt work for me, trading durable goods today
my targer buystop was 1.3355, the current price was 1.3344. the orderdistance was 10pips, at 13:58:00 it showed on the chart that buystop was being placed. i watched the price moved to 1.3367, still the buy order was not placed, what was your price target?. the currency pair is eur/usd
  • #154
  • Edited 9:49am Mar 28, 2007 9:29am | Edited 9:49am
Quoting beton4x
Hi. the script didnt work for me, trading durable goods today
my targer buystop was 1.3355, the current price was 1.3344. the orderdistance was 10pips, at 13:58:00 it showed on the chart that buystop was being placed. i watched the price moved to 1.3367, still the buy order was not placed, what was your price target?. the currency pair is eur/usd
??? 13:58:00???

Durable GOods was scheduled for 12:30!!!!
And dont tell me you set SecStartOrder = 0!

If you are clueless to what you are doing with the Time Settings (except NewsTime), PLEASE dont change them. Those numbers worked for fast and slow brokers. If you must (for the sake of knowledge) change them, ALWAYS change one number at a time in multples of x2.. so You'd see how they affect the whole thing.. And please dont do that on live trading... try it even on non news times... And lastly, SYNC your computer with a world timer to the very millisecond!



#1. Enable Live Trading.

#2. Your broker dont like you to place orders minutes from the news.

#3. OR your broker widened the distance for EURUSD at that particular time. BurgerStraddleScript only checks the distance during startup - not on the fly. This way, it wont place it farther than necessary.

#4 lastly, when they are placed, they are placed WAAAAAY FAR from the current prices.. Wait for the Modification Phase to bring them closer.

Remember: to win, the movement should be at least:
Spread + Distance + TP
And the higher this number go, the less your chance of winning... The smaller this number the higher your winning chance. We cant do anything on the Spread and Distance; this is why conservative TP wins most of the time. . Fix Spread broker and not increasing the distance is a must. I heard that FXDD increases the distance from default to 15 pips away a few minutes before news (just like FXCM which requires you to place em 500 pips away...)
  • #155
  • Mar 28, 2007 9:33am Mar 28, 2007 9:33am
BK, can you tell which broker you're using ?
  • #156
  • Mar 28, 2007 9:40am Mar 28, 2007 9:40am
Quoting turbo_electric
Here are the enabled comments, BK.
From that screen shot, it is obvious the problem IS NOT with burgerstraddlescript.

10 lots? Do you have enough money to trade 10 lots?
What is your leverage, and whats your broker's required margin?

Not having enough money can cause this problem too. ie, on my example, it was "no money", your broker may not say "no money" and give you no clear reason and just delete it anyways.. I dont need to ask who your broker is... its for you to sort it out.. but please be sensible!

COUNT YOUR MONEY before you even place the orders! Dont even considering putting 100 standard Lots with a $100 account HOPING you can turn that money into $10,000 this NFP... Please count your money too!
  • #157
  • Mar 28, 2007 9:44am Mar 28, 2007 9:44am
Hearty Congratulations Mr. King!

I just read your entire thread. Sounds like you've got a mighty fine piece of work. Man have you come a long way. I remember when you first started news trading and first tried to straddle and your early posts and all the excuses you used to make for missing trades and the less than positive statements. Now you sound like a Winning Trader!!

Way to go BK. Keep up the excellent work and maintain that winning attitude.
  • #158
  • Mar 28, 2007 10:09am Mar 28, 2007 10:09am
BK,

10 lots was only 3% of my account. I am very sensible when it comes to money. And I have manually placed pending orders myself before with the same broker (UGMFX). Whenever I manually place pending orders, it works, but with this script, it doesn't lol.

But, cool, i'll speak to them and see what they say.

Thanks.


Quoting BurgerKing
From that screen shot, it is obvious the problem IS NOT with burgerstraddlescript.

10 lots? Do you have enough money to trade 10 lots?
What is your leverage, and whats your broker's required margin?

Not having enough money can cause this problem too. ie, on my example, it was "no money", your broker may not say "no money" and give you no clear reason and just delete it anyways.. I dont need to ask who your broker is... its for you to sort it out.. but please be sensible!

COUNT YOUR MONEY before you even place the orders! Dont even considering putting 100 standard Lots with a $100 account HOPING you can turn that money into $10,000 this NFP... Please count your money too!
  • #159
  • Mar 28, 2007 10:50am Mar 28, 2007 10:50am
was doing some work, forgot to put the script on EUR/USD for the Trichet speech...

Luckylie there is news every day ^^
  • #160
  • Mar 28, 2007 11:08am Mar 28, 2007 11:08am
Quoting turbo_electric
BK,

10 lots was only 3% of my account. I am very sensible when it comes to money. And I have manually placed pending orders myself before with the same broker (UGMFX). Whenever I manually place pending orders, it works, but with this script, it doesn't lol.

But, cool, i'll speak to them and see what they say.

Thanks.
Interesting.. perhaps, this broker dont want news traders.
I am hearing the same with 1world.

You better call and ask with your broker why it was deleted... please post your reply as well..
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