Pour the salad dressing into a shallow pan, place the steaks in the pan, and let them marinate for 3 to 4 hours. Prepare a fire in a charcoal grill. Wrap a strip of bacon around each steak, securing it with a toothpick.
Grill the steaks over hot coals for about 8 minutes per side (5 minutes per side for rare).
Baste with a mixture of steak sauce and water. For perfect steaks, turn them only once.