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Burger Straddle Script

  • #361
  • Apr 17, 2007 5:02am Apr 17, 2007 5:02am
Hi Burger,

You say your version 3i is Shareware. What does this mean? What are the limitaions?

Thanks,

Jeff
  • #362
  • Apr 17, 2007 7:26am Apr 17, 2007 7:26am
Jimbo, your broker pls ?

Quoting jimbo61
I just caught 33 pips...!
Had my settings...24 sl, 40 tp, 15 ts, max ts 10, Distance was all 8 pips.
I closed it manually right as the spike shot up. Locked in some nice profits for once...
  • #363
  • Apr 17, 2007 10:02am Apr 17, 2007 10:02am
IBFX
  • #364
  • Apr 17, 2007 11:36am Apr 17, 2007 11:36am
I used the Burger Script this morning and it worked on the entry. For the Exit I also had TrailingStop.mq4 running on a different chart with my trailing stop set 5 (it follows the bid in the case of a long position, by 5 pips). I am reviewing the journal and notice when the EA modifies a SL, the request was accepted by the brokers server the same second the request was initiated. Unfortunately, in some instances it took 3 - 7 seconds for the SL to be modified. In addition I had the Burger script set to OCO and it took 6 seconds for the other pending order to be deleted.

In this game every second counts. My PC speed and Internet speed are not the issue. Anyone have any ideas on how to improve this?
  • #365
  • Apr 17, 2007 11:52am Apr 17, 2007 11:52am
I was in the US CPI Urban Consumers Less trade this morning, 04-17-07 08:30am est on the GBP/USD.

Check out this GBP/USD pricing:
08:30:03 EST 2.0025/2.0034
08:30:08 EST 2.0035/2.0044
08:30:09 EST 2.0025/2.0034
08:30:12 EST 2.0042/2.0051

Did anyone else have similar pricing? This is from IBFX. Was this just a dirty broker or real pricing, as seen by other brokers.http://www.forexfactory.com/images/icons/icon5.gif
  • #366
  • Apr 17, 2007 11:12pm Apr 17, 2007 11:12pm
Just out of curiosity, about how many pips are people averaging per month using the script? (and are you using demo or live?)
I came, I saw, I conquered [your pips]. -- Julius Caesar
  • #367
  • Apr 18, 2007 4:07am Apr 18, 2007 4:07am
Quoting Quick
Just out of curiosity, about how many pips are people averaging per month using the script? (and are you using demo or live?)
20-30 pips per trade...LIVE.
This morning I only made 10 pips off the GBP/USD.
The spread had widened to 10 pips for about 3 mins and I closed it manualy near the peak of the 3:30 candle (central time.. DST) oh well it still $50...
  • #368
  • Apr 18, 2007 4:09am Apr 18, 2007 4:09am
Anybody tried this script in live institutional account (not retail)?
  • #369
  • Apr 18, 2007 4:12am Apr 18, 2007 4:12am
Quoting jeffreytp
I was in the US CPI Urban Consumers Less trade this morning, 04-17-07 08:30am est on the GBP/USD.

Check out this GBP/USD pricing:
08:30:03 EST 2.0025/2.0034
08:30:08 EST 2.0035/2.0044
08:30:09 EST 2.0025/2.0034
08:30:12 EST 2.0042/2.0051

Did anyone else have similar pricing? This is from IBFX. Was this just a dirty broker or real pricing, as seen by other brokers.http://www.forexfactory.com/images/icons/icon5.gif
All of their spreads will widen durring a news release. Same thing this morning withe GBP. Spread widened to 10 pips for a couple minutes.
  • #370
  • Apr 18, 2007 8:19am Apr 18, 2007 8:19am
Any profit is a GOOD profit, right?!

I missed the GU trade this morning (didn't feel like getting up at 1:30 am) but did good on the NZD news yesterday (15 pips.)

This script continues to do well.

Quoting jimbo61
20-30 pips per trade...LIVE.
This morning I only made 10 pips off the GBP/USD.
The spread had widened to 10 pips for about 3 mins and I closed it manualy near the peak of the 3:30 candle (central time.. DST) oh well it still $50...
  • #371
  • Apr 18, 2007 9:47am Apr 18, 2007 9:47am
Quoting jimbo61
All of their spreads will widen durring a news release. Same thing this morning withe GBP. Spread widened to 10 pips for a couple minutes.
I was not trying to point out the spread widening, but rather the wipsaw. I suspect this was a stop hunt event versus true pricing....
  • #372
  • Apr 18, 2007 10:16am Apr 18, 2007 10:16am
Hello All
please how can i get the updated version?
  • #373
  • Apr 18, 2007 10:26am Apr 18, 2007 10:26am
The updated version is always posted on page 1 of this thread
  • #374
  • Apr 18, 2007 1:00pm Apr 18, 2007 1:00pm
That's definitely what I like to hear. About how often do you make trades using the script?

I ask because I was hoping that I would be able to make about 100 pips per month from it. I think that should be possible, but I'm not totally sure. What do you think? Anyone making more than that? Less than that?

Quoting jimbo61
20-30 pips per trade...LIVE.
This morning I only made 10 pips off the GBP/USD.
The spread had widened to 10 pips for about 3 mins and I closed it manualy near the peak of the 3:30 candle (central time.. DST) oh well it still $50...
I came, I saw, I conquered [your pips]. -- Julius Caesar
  • #375
  • Apr 19, 2007 12:54pm Apr 19, 2007 12:54pm
Quoting Quick
That's definitely what I like to hear. About how often do you make trades using the script?

I ask because I was hoping that I would be able to make about 100 pips per month from it. I think that should be possible, but I'm not totally sure. What do you think? Anyone making more than that? Less than that?
I have set a standard to only trade the "High and Medium Impact" news articals on the Calendar. Not all the trades go off. There has been a few that the script will timeout before activating the trade...I have found out the hard way...DO NOT try to chase a trade (manually) that the script cancels ...Everytime I did that I have got burned. Usually because the spread is still too wide or it whipsaws. If it misses a trade..let it go. Move on to the next event. I traded 5 mini lots on the USD/CAD on this mornings news (6:00 am).
It went into immediate profit, but just as fast retraced. My trailing stop closed it at breakeven, instead of the $50 that I saw it hit.
Just need to make sure you place the distance far enough away so you dont get hit with whipsaws. 8 to 10 pip is my normal. NFP or equivalent I use 12-15.
  • #376
  • Apr 19, 2007 2:31pm Apr 19, 2007 2:31pm
Quoting jimbo61
I have set a standard to only trade the "High and Medium Impact" news articals on the Calendar. Not all the trades go off. There has been a few that the script will timeout before activating the trade...I have found out the hard way...DO NOT try to chase a trade (manually) that the script cancels ...Everytime I did that I have got burned. Usually because the spread is still too wide or it whipsaws. If it misses a trade..let it go. Move on to the next event. I traded 5 mini lots on the USD/CAD on this mornings news (6:00 am).
It went into immediate profit, but just as fast retraced. My trailing stop closed it at breakeven, instead of the $50 that I saw it hit.
Just need to make sure you place the distance far enough away so you dont get hit with whipsaws. 8 to 10 pip is my normal. NFP or equivalent I use 12-15.
Hi Jimbo61,

I to otraded the USD/CAD this morning and was able to net 20 pips. I had SL = 20, TP=100, Tralingstop1=0, maxtralingstop1= -500, MinDistance etc=5, SecStartOrder=60, SecModifyOrder=20, SecDeleteOrder & SecTralingTime = 9. I also had TrailingStop.mq4 running on the same account on a different computer with the following settings: ProfitTraling=false, Tralingstop=5, TrailingStep=1, AllPositions=True, ProfitTarget=0. I was filled before the news came out and was lucky not to be stopped out on the prerelease wipsaw. I let TrailingStop.mq4 manage my exit as being a traling stop. This has worked good for me afew times so far. The trailingstop feature in the burger script works differently.
  • #377
  • Apr 20, 2007 4:15am Apr 20, 2007 4:15am
When the news for the GBP came out this morning I was immediatly in Profit, then was knocked out by the combo of my 22 pip sl and the wide spread (10+ pip). I set the distances at all 10 away, and was filled (sell) @2.027. SL was 22 away and was hit within 5 sec of the sell order being filled. -$40 loss.
I have been hit like this before so I should have known to set the SL alot deeper. Try it again when the CAD news comes out @7:30.
  • #378
  • Apr 20, 2007 7:40am Apr 20, 2007 7:40am
Did okay on this today +4. Used MaxDistance 5/5/5 and Burger's TS of 5.
  • #379
  • Apr 20, 2007 7:43am Apr 20, 2007 7:43am
Made +3 pips this morning. IBFX widened spread to 14 right efoire the release which didn't sit well with me. I manually exited as I saw I was out of the red. Letting the TS take me out I only would have gained about +2 more pips. I am seeking out another broker and will be testing them. They have a fixed smaller spread on MT4.
  • #380
  • Apr 20, 2007 7:44am Apr 20, 2007 7:44am
So I thought maybe the CAD news had come out a little bit early when I saw the price making its move before the straddle script had executed. Lo & behold, my clock was actually about 20 seconds off. Apparently I just got really really lucky with my other successfully executed trades.

Although, the one thing I can't figure out is why my clock wasn't synchronized to begin with. I have Windows set to auto-synchronize, but when I went to check the settings, I got a message that said Windows has never synchronized with a time server. I tried to tell it to synchronize right then but I kept getting an error back saying that it failed with no further explanation. Has anybody else had any similar issues? or any suggestions?
I came, I saw, I conquered [your pips]. -- Julius Caesar
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