Help-L2B bot not cutting loss

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sgeorgepa62
Posts: 22
Joined: Sun Apr 05, 2020 3:59 pm

Good day all, i have been ripping my hair out with this bot and the way i want it to cut losses, i have tried trailing stops and stops i have tried close all trade conditions but no matter what i do the occasional horse that i have laid will go on and win and loss all the stake where as i just want it to take a 50% loss, i have included the bot here for all to look at and this really is my first try at putting a few things together so will be keen to understand what people think.
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gazuty
Posts: 2016
Joined: Sun Jun 26, 2011 11:03 am

If in play and the horse is going on to win then you are possibly just not getting matched because the price is running away from you too quickly.
sgeorgepa62
Posts: 22
Joined: Sun Apr 05, 2020 3:59 pm

gazuty wrote:
Mon May 03, 2021 10:57 am
If in play and the horse is going on to win then you are possibly just not getting matched because the price is running away from you too quickly.
Cheers for the reply, so maybe put the rule in for not in play? its mad because the signal value is all there and tells me the 50% odds for a loss but never closes the trade and like i said yesterday i had two horses that went on to win and took a big part of my funds with it.
Archery1969
Posts: 1206
Joined: Thu Oct 24, 2019 8:25 am

A stop loss in play rarely works properly, especially in fast moving markets.
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whimsies
Posts: 150
Joined: Sun Oct 02, 2016 7:37 am
Location: Uk

How I do it in play is a bit crude, when the stop loss price is hit (LTP) using stored value I fire in an amount at 1.01 that guarantees I get matched but not very accurate but does stop a complete wipe out.
Anbell
Posts: 1060
Joined: Fri Apr 05, 2019 2:31 am

sgeorgepa62 wrote:
Mon May 03, 2021 9:17 am
Good day all, i have been ripping my hair out with this bot and the way i want it to cut losses, i have tried trailing stops and stops i have tried close all trade conditions but no matter what i do the occasional horse that i have laid will go on and win and loss all the stake where as i just want it to take a 50% loss, i have included the bot here for all to look at and this really is my first try at putting a few things together so will be keen to understand what people think.
I presume that you're aware that there is a 1-second delay for IP bets, so that's a big hurdle to always getting matched.
sgeorgepa62
Posts: 22
Joined: Sun Apr 05, 2020 3:59 pm

whimsies wrote:
Mon May 03, 2021 12:16 pm
How I do it in play is a bit crude, when the stop loss price is hit (LTP) using stored value I fire in an amount at 1.01 that guarantees I get matched but not very accurate but does stop a complete wipe out.
Thanks for the reply there, so once the stored value is hit you then put a back order in at fixed odds of 1.01, so do you look try and level out loss or just a nominal amount to ensure not all stake has been lost? its really annoying the only other thing i was thinking was to lower the green % and take like a 1-2 tick trade each time if it means the orders get matched better.
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