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Burger Straddle Script

  • #501
  • May 17, 2007 9:19am May 17, 2007 9:19am
Quoting The Cable Guy
Hi coolhell,

When there is import canadian news I trade it. But most of the times I got a bad fill on the USDCAD. So I got today: A stop sell order at 1.1024 got filled at 1.1007..

In your reply you advise FerruFX to trade EURCAD because it moves better. My broker is GFT and the spread on EURCAD 8 pips. So I was wondering you also get better fills on EURCAD, or are just the moves better?
My experience with gft is that the fills on GBPUSD & EURUSD are better than on the USDCAD. What are your experiences with your broker?
I have read/heard bad stories similar to this one about slippage with GFT. I guess this is just another confirmation.
  • #502
  • May 17, 2007 9:32am May 17, 2007 9:32am
Quoting MaXeY
your sell was Market order or limit order ?

It was a market order but the customer service rep I talked to said same thing would happen with limit order
  • #503
  • May 17, 2007 10:59am May 17, 2007 10:59am
Quoting orion70
It was a market order but the customer service rep I talked to said same thing would happen with limit order
Dont understand how it can happen with a limit order. You either get filled at your specified price/bounds or you dont!

I think broker is bullsh*tt*ing you.

Hey, just realised it's my 100th post
If it's too good to be true, it probably is.
  • #504
  • May 17, 2007 2:30pm May 17, 2007 2:30pm
I may be missing something already written in this thread but is it possible to write into an EA for mt4 a funtion that will monitor the spread at all times and abort your trade on a market order if the spread widens to a level you will not accept? In another words it would need to abort the pending market order trade before it is taken at news release time if the spread widens to a tolerance level of your choice. Would this be programmable as part of an EA?
  • #505
  • May 17, 2007 7:37pm May 17, 2007 7:37pm
Quoting gkw1018
I may be missing something already written in this thread but is it possible to write into an EA for mt4 a funtion that will monitor the spread at all times and abort your trade on a market order if the spread widens to a level you will not accept? In another words it would need to abort the pending market order trade before it is taken at news release time if the spread widens to a tolerance level of your choice. Would this be programmable as part of an EA?
If you have a look at the first post from BK you will see a heading "Maximum Spread" you can adjust EA to allow for spreads. It's all in the first post.
Without women, money would have no meaning - Aristotle Onassis
  • #506
  • Feb 23, 2009 10:20pm Feb 23, 2009 10:20pm
Ive been having difficulty using the straddly technique on FXCM, slippage occurs.
Im starting to use the bk script on demo account on mt4 .
What broker should i change to for straddling technique.
Im guessing the one with fixed spreads and no slippage(under volatile markets) is there such a thing?

also what do you think about my idea to not get my stops activated by slippage, i just wont put stops , and therefore my total risk is the difference between the
Entry buy /sell or buystop/sellstop(mt4 lingo)
With no limits of course.
  • #507
  • Feb 24, 2009 8:15am Feb 24, 2009 8:15am
Are you using MT4 instiutional feed or the micro mini Mt4? Do you have the extra digit on the far right of the price?
  • #508
  • Aug 6, 2009 7:18pm Aug 6, 2009 7:18pm
The Burger Straddle Script version is not available in the page one. Some body please be so kind to post up the The Burger Straddle Script what ever version you got? thanks.
  • #509
  • Aug 24, 2009 9:12pm Aug 24, 2009 9:12pm
Burger Straddle Script v3i
Attached File(s)
File Type: ex4 Burger Straddle Script.ex4   26 KB | 1,773 downloads
  • #510
  • Sep 24, 2009 1:48pm Sep 24, 2009 1:48pm
Quoting dvirga
Burger Straddle Script v3i
Thanks for uploading the file. Although a bit late to the party, I would like to get the full licenced version. Any way to contact BK cos I cant use the PM method?

Is this version still restricted to 0.5 lots for live trading?

In my testing, I've noticed that there's always long delay in updating the pending orders when for EJ pair.
  • #511
  • Oct 30, 2009 10:09pm Oct 30, 2009 10:09pm
How do I get/purchase an unlocked version?
  • #512
  • Nov 3, 2009 8:14am Nov 3, 2009 8:14am
Does this script work with ninja trader and does anyone know how to set it up?

thanks
  • #513
  • Jan 26, 2010 7:49am Jan 26, 2010 7:49am
Is this script automatically detects 4/5 digits broker?

Will it only open 2 pending orders once? what happened if one of them deleted and the other closed with TP/SL? (will it open another couple of orders?)
  • #514
  • Sep 22, 2010 10:13am Sep 22, 2010 10:13am
Quoting awilson1
Turbo,

I've used the script in conjunction with the ManTp EA, it proven to be very effect. It has enabled me to lock profits in during quick reversals.
Hi - this looks really good - but is it an EA that I attach to the chart while the script is running?

Also - the standard inputs that are given - how exactly do they manage the trade - would you mind explaining the different inputs - (they may seem obvious - but I am trying to get the hang of these...)

Thanks for your time
  • #515
  • Oct 8, 2010 10:16am Oct 8, 2010 10:16am
Hey Burger

Used your straddle on GU and EU .1 lot set 1 and 2
made a quick $50
thanks
  • #516
  • Oct 10, 2010 7:30pm Oct 10, 2010 7:30pm
Since the new CTFC regulation prohibit heding, how will this affect using the Burger Straddle? Will it not work after the new regulations go into effect?
  • #517
  • Oct 10, 2010 7:41pm Oct 10, 2010 7:41pm
You are not really hedging with the straddle you are placing an order above and below the market price one or the other will get placed the unplaced order will get deleted by the broker to follow the law
  • #518
  • Oct 10, 2010 11:44pm Oct 10, 2010 11:44pm
Once one order executed, the other is canceled by broker itself. Just like in interbankfx.

Quoting charleyhanki
Since the new CTFC regulation prohibit heding, how will this affect using the Burger Straddle? Will it not work after the new regulations go into effect?
  • #519
  • Oct 13, 2010 7:21pm Oct 13, 2010 7:21pm
Hi there,

I'm with a 5 digit broker (GoMarkets) and I think I need to set some values up differents (extra zero on pip-related values). It sets up just before news time and adjusts the values okay (by bringing them closer together), yet just on news trigger time, it deletes both my buy & sell stops simultaneously with uninit reason 0.

My spread is okay from what I can tell, and if spread is too large it will delete the script and tell me.

Anyone got any ideas?
  • #520
  • Oct 13, 2010 8:00pm Oct 13, 2010 8:00pm
Quoting aussietrader
Hi there,

I'm with a 5 digit broker (GoMarkets) and I think I need to set some values up differents (extra zero on pip-related values). It sets up just before news time and adjusts the values okay (by bringing them closer together), yet just on news trigger time, it deletes both my buy & sell stops simultaneously with uninit reason 0.

My spread is okay from what I can tell, and if spread is too large it will delete the script and tell me.

Anyone got any ideas?
I've had similar problems with a separate ea with GoMarkets, in my particular instance it was the allowed slippage in the stop/limit orders placed by the ea that was screwing with things - my first guess would be spread though.
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