Changing from Live mode to Practice mode once profit target reached

[fothers77]

Try throwing all your results into a spreadsheet and sort them by time (not date & time) then chart the running total. If you see the chart trend up or down over certain time periods then maybe there's a case for avoiding those. Profit = Edge * Stake * Frequency of opportunity, so the last thing you want to do is start crossing out large sections of the day unless there's a sound real-world explaination for it, and what your personal PL is isn't one.

Really appreciate your advice.

I currently sort all my data for each individual day and then break them down by track. The next logical step would be to break them down by time. I have already thought of categorizing times by Early Morning, Morning, Afternoon and Evening meetings which would highlight any point in the day where my method would be better or worse.

[fothers77]

That's probably just random. There would be days where it happens the other way around, you lose money and win it back. But because you feel it's a bad day and pull out you won't encounter them.

Fair comment.

The reason I have looked at doing this is to simply minimize the losses and therefore increase long term profits. For example, the last 2 days were in practice mode and they do have very differing results. Yesterday would have been a very bad day had it been Live and without my 'stop-loss' in place. It would have quit at -3.4pts, although had it continued to the end of the day it would have been a whopping -14.3pts. This has happened a number of times and has a dramatic influence on what the end of month figures are.

The day before started with 4 losses in a row (actually it ended up being 6) so would have stopped at -4pts but it did recover slightly at the end of the day being +1.25pts so I totally understand where you are coming from. I am happy to be taking that small loss as just for February so far it has produced +49.6pts, significantly better than it would be without the stop-loss.


The problem I have is whether I can actually keep gathering the data when either target has been hit. I'm hoping someone can help me with this as I cannot continue to constantly monitor what is happening.

You can switch to minimum stakes to keep collecting data

Thanks for actually having a suggestion to solve my problem!

I will look at building that in as a sort of redundancy in case all else fails. Ideally, I would prefer to stop Live mode at the point I wish however your suggestion does make sense. Even though at £5 stakes currently, I'm not far off minimum already haha

[Derek27]

Thanks for actually having a suggestion to solve my problem!

When a devil worshiper goes into a Christian church to ask for help.....with directions - the last thing you expect help with is directions.

As far as I know you need to log out and back in to switch to practice mode and I don't think there is any automation features to do that.

[Anbell]

Fair comment.

The reason I have looked at doing this is to simply minimize the losses and therefore increase long term profits. For example, the last 2 days were in practice mode and they do have very differing results. Yesterday would have been a very bad day had it been Live and without my 'stop-loss' in place. It would have quit at -3.4pts, although had it continued to the end of the day it would have been a whopping -14.3pts. This has happened a number of times and has a dramatic influence on what the end of month figures are.

The day before started with 4 losses in a row (actually it ended up being 6) so would have stopped at -4pts but it did recover slightly at the end of the day being +1.25pts so I totally understand where you are coming from. I am happy to be taking that small loss as just for February so far it has produced +49.6pts, significantly better than it would be without the stop-loss.


The problem I have is whether I can actually keep gathering the data when either target has been hit. I'm hoping someone can help me with this as I cannot continue to constantly monitor what is happening.

You can switch to minimum stakes to keep collecting data

Thanks for actually having a suggestion to solve my problem!

I will look at building that in as a sort of redundancy in case all else fails. Ideally, I would prefer to stop Live mode at the point I wish however your suggestion does make sense. Even though at £5 stakes currently, I'm not far off minimum already haha

This might help
https://betangel.kayako.com/article/105 ... et-allowed