Good morning everyone
This may seem like an obvious question, but how would one capture a spike in a particular market? For example, a £2k back bet is matched in the market, is it possible to capture this information using solely automation?
I suspect that the weight of money would take a sudden hit either high/low but that would not, on it's own, necessarily mean a substantial bet has been matched in the market.
Any advice / tips?
Rich (sadly just in name, not in monetary terms)
How to capture spikes using automation
The son of a friend of mine was training to be a jet pilot in the RAF. They told him that when flying the fast jets, by the time the pilot thinks where to head to next, they are already there.
They have to think about where they are going to before they get there.
Apply the same analogy to catching spikes
They have to think about where they are going to before they get there.
Apply the same analogy to catching spikes
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ricardodeano
- Posts: 205
- Joined: Tue Oct 06, 2015 2:03 pm
That's me buggered then 
Ok Peter, thanks for the pointer - maybe I'd best stick to flying kites?!
Ok Peter, thanks for the pointer - maybe I'd best stick to flying kites?!
Not necessarily - the best way to use automation to catch a spike is through fat fingersricardodeano wrote:That's me buggered then
You have to be patient though, as they don't happen everyday. This is where automation is perfect, as you can leave it and wait for some poor fly to land in your web
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ricardodeano
- Posts: 205
- Joined: Tue Oct 06, 2015 2:03 pm
[/quote]
Not necessarily - the best way to use automation to catch a spike is through fat fingers
You have to be patient though, as they don't happen everyday. This is where automation is perfect, as you can leave it and wait for some poor fly to land in your web[/quote]
Hi LeTiss
Would I be able to use a fat finger bot for when large amounts of money suddenly get matched? I was probably using the wrong terminology - the spike I was referring to is when an unusually large bet is placed and matched in a particular market that causes a spike on the BF volume chart.
(This, as opposed to a small amount being matched at a large, out of the current trading range,which would also cause a spike on the BF chart but against the price)
Not necessarily - the best way to use automation to catch a spike is through fat fingers
You have to be patient though, as they don't happen everyday. This is where automation is perfect, as you can leave it and wait for some poor fly to land in your web[/quote]
Hi LeTiss
Would I be able to use a fat finger bot for when large amounts of money suddenly get matched? I was probably using the wrong terminology - the spike I was referring to is when an unusually large bet is placed and matched in a particular market that causes a spike on the BF volume chart.
(This, as opposed to a small amount being matched at a large, out of the current trading range,which would also cause a spike on the BF chart but against the price)