Its Impossible

[WigWamBam]

Ive been messing around now for the last few weeks trying to build bots for automated pre race trading. Ive tried both horses and greyhounds and I just can't crack it.

I have some previous experience manually trading both markets and have some idea how the markets react, but everything I try just doesn't work.

Last Monday I thought I would start from scratch again and use the stuff I have been learnt and the information I have gathered from the forum. I started off by building a basic straight back and lay bot, then I added 2 hedge rules and a greening rule all set to timings. I have been adding conditions as I've gone along , I've set the bot to only trade on certain price horses, when the volume reaches a certain point, a WOM condition and I've upped and lowered stakes to find the sweet spot.

The problem is I get some small greens and then a massive red destroys all my profits. (a story I've seen on here a million times)

I know im a probably going to get some abuse but im hoping for some genuine advice, if you would rather discuss in private then please PM me.

Thanks

[Archery1969]

WOM doesn’t work like it did many years ago unless you got allot of money on one side or the other, you certainly can’t make concrete decisions using it.

There are many sophisticated bots and people in the market these days who can and do move markets as they wish.

[MemphisFlash]

this shows that it is possible, just finished for the day

Capture.PNG

[Derek27]

Ive been messing around now for the last few weeks trying to build bots for automated pre race trading. Ive tried both horses and greyhounds and I just can't crack it.

I have some previous experience manually trading both markets and have some idea how the markets react, but everything I try just doesn't work.

Last Monday I thought I would start from scratch again and use the stuff I have been learnt and the information I have gathered from the forum. I started off by building a basic straight back and lay bot, then I added 2 hedge rules and a greening rule all set to timings. I have been adding conditions as I've gone along , I've set the bot to only trade on certain price horses, when the volume reaches a certain point, a WOM condition and I've upped and lowered stakes to find the sweet spot.

The problem is I get some small greens and then a massive red destroys all my profits. (a story I've seen on here a million times)

I know im a probably going to get some abuse but im hoping for some genuine advice, if you would rather discuss in private then please PM me.

Thanks

If you're getting small greens and then a big red, you're most likely greening up for a few ticks but letting reds drift many more ticks before closing.

A tip that Peter's given in the past is to start with a simple bot, even if it's random, like backing the fav n minutes before start time and closing before the off. Then making small adjustments after analysing the results.

[Derek27]

this shows that it is possible, just finished for the day

Capture.PNG

He was talking about himself!

[WigWamBam]

If you're getting small greens and then a big red, you're most likely greening up for a few ticks but letting reds drift many more ticks before closing.

A tip that Peter's given in the past is to start with a simple bot, even if it's random, like backing the fav n minutes before start time and closing before the off. Then making small adjustments after analysing the results.

The problem is not getting matched and the price moving, especially when trading the greyhounds. I’ve tried setting it to take SP and I’ve also set a stop loss but the reds are still swallowing the profit.

[Archery1969]

If you're getting small greens and then a big red, you're most likely greening up for a few ticks but letting reds drift many more ticks before closing.

A tip that Peter's given in the past is to start with a simple bot, even if it's random, like backing the fav n minutes before start time and closing before the off. Then making small adjustments after analysing the results.

The problem is not getting matched and the price moving, especially when trading the greyhounds. I’ve tried setting it to take SP and I’ve also set a stop loss but the reds are still swallowing the profit.

With greyhounds, dont take the prices on offer, their rubbish. Offer your own.

[Crazyskier]

I know im a probably going to get some abuse but im hoping for some genuine advice, if you would rather discuss in private then please PM me.

Thanks

1) Try backing the trap 1 dog (min odds of 2.02) 10 seconds out on tracks below 300m length.
2) Try laying dogs to place at 2.48 if they are LTP 3 or greater, at 10 seconds out.
3) Try backing LTP 5 at 6.2 to place, 10 seconds out.

Please do report back findings and tweak as you see necessary.

CS

[Derek27]

If you're getting small greens and then a big red, you're most likely greening up for a few ticks but letting reds drift many more ticks before closing.

A tip that Peter's given in the past is to start with a simple bot, even if it's random, like backing the fav n minutes before start time and closing before the off. Then making small adjustments after analysing the results.

The problem is not getting matched and the price moving, especially when trading the greyhounds. I’ve tried setting it to take SP and I’ve also set a stop loss but the reds are still swallowing the profit.

Sorry, I forgot it was greyhounds.

[The Silk Run]

If you're getting small greens and then a big red, you're most likely greening up for a few ticks but letting reds drift many more ticks before closing.

A tip that Peter's given in the past is to start with a simple bot, even if it's random, like backing the fav n minutes before start time and closing before the off. Then making small adjustments after analysing the results.

The problem is not getting matched and the price moving, especially when trading the greyhounds. I’ve tried setting it to take SP and I’ve also set a stop loss but the reds are still swallowing the profit.

With greyhounds, dont take the prices on offer, their rubbish. Offer your own.

Very SOUND advise Archie, but you give too, too much away .....

[WigWamBam]

Sorry, I forgot it was greyhounds.

It’s not just greyhounds its horses too. I’ve tried both over the last few weeks.

[WigWamBam]

Thanks for all the advice so far. Everyone.

[WigWamBam]

Very SOUND advise Archie, but you give too, too much away .....

I’m very grateful for the advice, not sure it’s giving too much away as I’ve still got to work out what prices to offer and how to get matched at those prices

[ilovepizza82]

I know im a probably going to get some abuse but im hoping for some genuine advice, if you would rather discuss in private then please PM me.

Thanks

1) Try backing the trap 1 dog (min odds of 2.02) 10 seconds out on tracks below 300m length.
2) Try laying dogs to place at 2.48 if they are LTP 3 or greater, at 10 seconds out.
3) Try backing LTP 5 at 6.2 to place, 10 seconds out.

Please do report back findings and tweak as you see necessary.

CS

10 sec out is pretty much BSP innit ?
BF markets are very efficient and taking prices close to BSP...not sure if it would work long term tbh., unless you mean trading out a second before off ...

[Derek27]

Sorry, I forgot it was greyhounds.

It’s not just greyhounds its horses too. I’ve tried both over the last few weeks.

How many ticks profit are you offset and stop-loss?

Do you have a rule to green up or are you trades closing, or are you left with an open trade when the race starts?