Yep, I prefer to supervise it for now.PapaShango wrote: ↑Thu Sep 23, 2021 10:39 amSo you got a bot that wins on 42 of the last 43 races, though you decide to turn it off mid way through the racing, just in case of an outage ?!
Trading What I see !?
- wearthefoxhat
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you had a backfall again? was looking like breakthrough on the greyhounds previous month?goat68 wrote: ↑Thu Sep 23, 2021 7:53 amI'll just continue this shall I then...?
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Shaun, you've tried to help me a lot and thank you, however I think there's one lesson we can both learn here that maybe trying to fit one person's trading method to another may not work as the method has to fit that person, i've tried your ideas but failed...
i'm sure your ideas will fit other people
- Realrocknrolla
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Love it!wearthefoxhat wrote: ↑Thu Sep 23, 2021 11:09 amYep, I prefer to supervise it for now.PapaShango wrote: ↑Thu Sep 23, 2021 10:39 amSo you got a bot that wins on 42 of the last 43 races, though you decide to turn it off mid way through the racing, just in case of an outage ?!
- Realrocknrolla
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You have more certainty with IP...goat68 wrote: ↑Wed Sep 22, 2021 8:57 pmMust admit, I half thought about IP yesterday as close to calling day on pre-race, it seems too hardwearthefoxhat wrote: ↑Wed Sep 22, 2021 8:37 pmTrying out some In-Play trades, results for the last 2 days. Fully automated, adapting one of Dallas's shared IP files.
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A winner, a place and losers!
Just study how a horse runs.
Trying to work out if the answer is yes or no, I think it's "maybe" ! and i'm not changing direction, as you infer I would be starting from scratch again.
So the dog bot is struggling, August I think was a bit lucky for it. Also horse bot has being rubbish, i've got a new one running now.
The thing is with no-hedge bots, there is the inevitable drawdowns that are normal, but I could do without that stress at the moment!
Whilst drawdowns are inevitable, I'm not sure that it is normal to have a £300 drawdown with a new bot if the strategy behind it has been well thought out. In the BFLW slack, people with far more experience and success will still start of with small banks (£200) and stakes when trying out a new idea and not expect to lose it. If it's well thought out it, the stakes will naturally grow.goat68 wrote: ↑Thu Sep 23, 2021 1:57 pmTrying to work out if the answer is yes or no, I think it's "maybe" ! and i'm not changing direction, as you infer I would be starting from scratch again.
So the dog bot is struggling, August I think was a bit lucky for it. Also horse bot has being rubbish, i've got a new one running now.
The thing is with no-hedge bots, there is the inevitable drawdowns that are normal, but I could do without that stress at the moment!
Yeah, so i'm using min stakes £10 Back&Lay liability on Limit orders and trying to keep system drawdowns to -£100. I could try the BetAngel "trick" to use smaller stakes than Betfair minimums, ie.the Back at 1000, cancel a chunk and move, but i'm concerned with not running under a BA subscription that i'd get account restricted quickly doing that.....?arch4672 wrote: ↑Thu Sep 23, 2021 2:05 pmWhilst drawdowns are inevitable, I'm not sure that it is normal to have a £300 drawdown with a new bot if the strategy behind it has been well thought out. In the BFLW slack, people with far more experience and success will still start of with small banks (£200) and stakes when trying out a new idea and not expect to lose it. If it's well thought out it, the stakes will naturally grow.goat68 wrote: ↑Thu Sep 23, 2021 1:57 pmTrying to work out if the answer is yes or no, I think it's "maybe" ! and i'm not changing direction, as you infer I would be starting from scratch again.
So the dog bot is struggling, August I think was a bit lucky for it. Also horse bot has being rubbish, i've got a new one running now.
The thing is with no-hedge bots, there is the inevitable drawdowns that are normal, but I could do without that stress at the moment!
Yes, but you are actually the one that chooses your staking plan and determines your potential losses in advance, so can't exactly act surprised later or pin the blame on borrowed ideas etc since it's so easy to botch the execution part.goat68 wrote: ↑Thu Sep 23, 2021 2:17 pmYeah, so i'm using min stakes £10 Back&Lay liability on Limit orders and trying to keep system drawdowns to -£100. I could try the BetAngel "trick" to use smaller stakes than Betfair minimums, ie.the Back at 1000, cancel a chunk and move, but i'm concerned with not running under a BA subscription that i'd get account restricted quickly doing that.....?arch4672 wrote: ↑Thu Sep 23, 2021 2:05 pmWhilst drawdowns are inevitable, I'm not sure that it is normal to have a £300 drawdown with a new bot if the strategy behind it has been well thought out. In the BFLW slack, people with far more experience and success will still start of with small banks (£200) and stakes when trying out a new idea and not expect to lose it. If it's well thought out it, the stakes will naturally grow.goat68 wrote: ↑Thu Sep 23, 2021 1:57 pm
Trying to work out if the answer is yes or no, I think it's "maybe" ! and i'm not changing direction, as you infer I would be starting from scratch again.
So the dog bot is struggling, August I think was a bit lucky for it. Also horse bot has being rubbish, i've got a new one running now.
The thing is with no-hedge bots, there is the inevitable drawdowns that are normal, but I could do without that stress at the moment!
If you find the losses/lessons too expensive, the question is did you really have to pay £300 there last month, or could you learn the same things for like £30 instead? So try to find some answers and adjust accordingly if needed etc.
I find I the edge dissappears "hedging" because the hedge bet is -EV. And I can't go below min Betfair bet sizeKai wrote: ↑Thu Sep 23, 2021 2:34 pmYes, but you are actually the one that chooses your staking plan and determines your potential losses in advance, so can't exactly act surprised later or pin the blame on borrowed ideas etc since it's so easy to botch the execution part.goat68 wrote: ↑Thu Sep 23, 2021 2:17 pmYeah, so i'm using min stakes £10 Back&Lay liability on Limit orders and trying to keep system drawdowns to -£100. I could try the BetAngel "trick" to use smaller stakes than Betfair minimums, ie.the Back at 1000, cancel a chunk and move, but i'm concerned with not running under a BA subscription that i'd get account restricted quickly doing that.....?arch4672 wrote: ↑Thu Sep 23, 2021 2:05 pm
Whilst drawdowns are inevitable, I'm not sure that it is normal to have a £300 drawdown with a new bot if the strategy behind it has been well thought out. In the BFLW slack, people with far more experience and success will still start of with small banks (£200) and stakes when trying out a new idea and not expect to lose it. If it's well thought out it, the stakes will naturally grow.
If you find the losses/lessons too expensive, the question is did you really have to pay £300 there last month, or could you learn the same things for like £30 instead? So try to find some answers and adjust accordingly if needed etc.
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£10 is quite a large stake size just for testing purposes. When I'm testing a strategy, probably like most others I always use Betfair minimum stakes. It's even easier to that now since they've lowered their minimum stake to £1.goat68 wrote: ↑Thu Sep 23, 2021 2:17 pmYeah, so i'm using min stakes £10 Back&Lay liability on Limit orders and trying to keep system drawdowns to -£100. I could try the BetAngel "trick" to use smaller stakes than Betfair minimums, ie.the Back at 1000, cancel a chunk and move, but i'm concerned with not running under a BA subscription that i'd get account restricted quickly doing that.....?arch4672 wrote: ↑Thu Sep 23, 2021 2:05 pmWhilst drawdowns are inevitable, I'm not sure that it is normal to have a £300 drawdown with a new bot if the strategy behind it has been well thought out. In the BFLW slack, people with far more experience and success will still start of with small banks (£200) and stakes when trying out a new idea and not expect to lose it. If it's well thought out it, the stakes will naturally grow.goat68 wrote: ↑Thu Sep 23, 2021 1:57 pm
Trying to work out if the answer is yes or no, I think it's "maybe" ! and i'm not changing direction, as you infer I would be starting from scratch again.
So the dog bot is struggling, August I think was a bit lucky for it. Also horse bot has being rubbish, i've got a new one running now.
The thing is with no-hedge bots, there is the inevitable drawdowns that are normal, but I could do without that stress at the moment!
Sorry I wasn't clear, I am that's £10 back an lay liability, so at odds 11.0, i'd back £1 or lay £1Trader Pat wrote: ↑Thu Sep 23, 2021 2:39 pm£10 is quite a large stake size just for testing purposes. When I'm testing a strategy, probably like most others I always use Betfair minimum stakes. It's even easier to that now since they've lowered their minimum stake to £1.goat68 wrote: ↑Thu Sep 23, 2021 2:17 pmYeah, so i'm using min stakes £10 Back&Lay liability on Limit orders and trying to keep system drawdowns to -£100. I could try the BetAngel "trick" to use smaller stakes than Betfair minimums, ie.the Back at 1000, cancel a chunk and move, but i'm concerned with not running under a BA subscription that i'd get account restricted quickly doing that.....?arch4672 wrote: ↑Thu Sep 23, 2021 2:05 pm
Whilst drawdowns are inevitable, I'm not sure that it is normal to have a £300 drawdown with a new bot if the strategy behind it has been well thought out. In the BFLW slack, people with far more experience and success will still start of with small banks (£200) and stakes when trying out a new idea and not expect to lose it. If it's well thought out it, the stakes will naturally grow.
I know it's an unpopular opinion but if you really feel you're getting nowhere you might as well pay for a concrete trading course instead, would cost less and at least you'd know which trading concepts still work etc, worst case you have a solid reference point to build on. Obviously big shortcuts exist and not everyone is selling crap, there are low-key traders that offer stupid value for whatever reason.
Because ultimately it doesn't matter whether you pay £300 to the market or to someone directly, at the end of the day your money goes to real traders just the same.
Because ultimately it doesn't matter whether you pay £300 to the market or to someone directly, at the end of the day your money goes to real traders just the same.
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OK, thought it sounded a bit big!goat68 wrote: ↑Thu Sep 23, 2021 2:56 pmSorry I wasn't clear, I am that's £10 back an lay liability, so at odds 11.0, i'd back £1 or lay £1Trader Pat wrote: ↑Thu Sep 23, 2021 2:39 pm£10 is quite a large stake size just for testing purposes. When I'm testing a strategy, probably like most others I always use Betfair minimum stakes. It's even easier to that now since they've lowered their minimum stake to £1.goat68 wrote: ↑Thu Sep 23, 2021 2:17 pm
Yeah, so i'm using min stakes £10 Back&Lay liability on Limit orders and trying to keep system drawdowns to -£100. I could try the BetAngel "trick" to use smaller stakes than Betfair minimums, ie.the Back at 1000, cancel a chunk and move, but i'm concerned with not running under a BA subscription that i'd get account restricted quickly doing that.....?
But of course our ego feels much better if those transactions are not made directly, but via the market instead Despite pure logic!