Hi,
First post, so I hope this hasn't been discussed already.
I'm having a problem with a trade out rule on football matches. I lay a correct score, and if I haven't made a profit at a certain time I trade out with a back bet below a fixed price and accept a loss. Well, that's what's supposed to happen. When I trialled my rule, a goal was scored which should have produced a profit - match over. What happened was the price spiked downwards briefly triggering my trade out rule and I made a loss on the game.
Is there anyway to get around this, or write a better trade out for a loss rule?
Cheers!
help to trade out - football
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zero_signal
- Posts: 7
- Joined: Wed Nov 18, 2015 8:19 am
hi Dallas,
Yes, fixed odds to trigger when it drops below a certain price.
Euler,
How do I get the automation to trade after a goal is scored? I would actually like automation to stop once a goal is scored, as I've achieved my desired result.
Yes, fixed odds to trigger when it drops below a certain price.
Euler,
How do I get the automation to trade after a goal is scored? I would actually like automation to stop once a goal is scored, as I've achieved my desired result.
As Euler suggested first use the unsuspended time condition to prevent your rule from triggering in the first few seconds after a goal/suspension.
2nd thing I would do is use "Historic fixed odds condition" and set it based around your current fixed odds condition to prevent it being triggered by a sudden downwards price spike.
2nd thing I would do is use "Historic fixed odds condition" and set it based around your current fixed odds condition to prevent it being triggered by a sudden downwards price spike.
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zero_signal
- Posts: 7
- Joined: Wed Nov 18, 2015 8:19 am
Thanks Dallas,
I added those two parameters you suggested. One thing that happened that surprised me was the automation traded out for a profit after a goal was scored in the first minute ( I was laying the 0-0 market). I thought the trade would cease once a goal went in and I'd be left with my original lay profit.
I added those two parameters you suggested. One thing that happened that surprised me was the automation traded out for a profit after a goal was scored in the first minute ( I was laying the 0-0 market). I thought the trade would cease once a goal went in and I'd be left with my original lay profit.
Its difficult to say without seeing the whole rule set up (or at least the timings used on the conditions etc) why that will of happened.
I am assuming that this was after your unsuspended time condition had expired and that you had this condition set to a minimum of greater than 45 secs?
I am assuming that this was after your unsuspended time condition had expired and that you had this condition set to a minimum of greater than 45 secs?
@Dallas and otherszero_signal wrote:I would actually like automation to stop once a goal is scored, as I've achieved my desired result.
Any ideas how to achieve this - STOP the automation completely after a goal was scored?
Thanks for your help
The issue here is the need to have some method to tell if the 0-0 selection is still valid.
When a goal is scored you may find that orders disappear from the 0-0 selection causing your trade out rule to trigger.
I'm not sure if this would work but maybe you could consider how close the back price will be to the lay price when a goal has not been scored.
This will vary from match to match depending on liquidity etc and you may need to experiment to find a suitable figure but let's say they should be within 10 ticks for now...
If your trade out rule is firing when the back price is less than odds of 7 (for example) then you could also add the condition that the lay price should be less than odds of 9 (or use relative odds to say within a certain number of ticks of back price).
So, if the score is still actually 0-0 and the price has decreased naturally then the back and lay prices will be close and your trade out rule will fire as expected.
Whereas, if a goal has been scored, then, whilst the back price may be below your threshold it is highly unlikely that the lay price will be too as no one will be wanting to back the 0-0 scoreline after a goal and this should prevent the trade out rule firing.
When a goal is scored you may find that orders disappear from the 0-0 selection causing your trade out rule to trigger.
I'm not sure if this would work but maybe you could consider how close the back price will be to the lay price when a goal has not been scored.
This will vary from match to match depending on liquidity etc and you may need to experiment to find a suitable figure but let's say they should be within 10 ticks for now...
If your trade out rule is firing when the back price is less than odds of 7 (for example) then you could also add the condition that the lay price should be less than odds of 9 (or use relative odds to say within a certain number of ticks of back price).
So, if the score is still actually 0-0 and the price has decreased naturally then the back and lay prices will be close and your trade out rule will fire as expected.
Whereas, if a goal has been scored, then, whilst the back price may be below your threshold it is highly unlikely that the lay price will be too as no one will be wanting to back the 0-0 scoreline after a goal and this should prevent the trade out rule firing.