Green out / Cut loss

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jkirley
Posts: 31
Joined: Mon Jul 11, 2016 9:05 pm

Hey guys,

New to automating strategies. Getting there so pardon my ignorance with the following questions please.

I have a strategy I want to start testing on horses.

My final piece I want to add, is regarding Greening automatically when I get hit a specific money amount OR cut when I get to another money amount. Would be one of the other.

Is this possible..

Thank you
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Dallas
Posts: 23490
Joined: Sun Aug 09, 2015 10:57 pm

Yes it is possible, see this thread for details
viewtopic.php?f=47&t=11488
jkirley
Posts: 31
Joined: Mon Jul 11, 2016 9:05 pm

Many thanks Dallas
jkirley
Posts: 31
Joined: Mon Jul 11, 2016 9:05 pm

Dallas,
Would you mind having a look at the attached file please.

Its a very conservative strategy. My first I am trying to implement to learn.

I've taken the basics from a previous file you created.

I look for horses at SP at 25 at the start. Once it trades to 10 and drifts back to 20, I lay the horse for 5 pounds. Just learning the processes and wondering if I am missing anything/anything I could add.

Many thanks -
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Dallas
Posts: 23490
Joined: Sun Aug 09, 2015 10:57 pm

When starting out i would advise starting simple and watch the automation you will soon begin to see pattens and under what circumstances any losses arise more frequently, then take steps to start and reduce these as you build onto the rule.
A very good video on testing a stratergy has just been released and is well worth a watch
https://www.youtube.com/watch?v=S-i3fSkT9LI

Also keep a record of your profits and losses, there is a simple spreadsheet which you can download which will help you get started.
viewtopic.php?f=31&t=12327

For the rule you asked about you have set everything up correctly except maybe 1 minor thing on your 'lay on drift' rule tyoe.
It will place the lay under the exact circumstances you have stated above but you have instructed it to place the lay bet at odds of 5.0, for this to be matched it would require the price to shorten again once triggered - perhaps you mean to lay it at higher odds nearer to where it triggers at 20.0 if so on the parameters tab of 'Lay on Drift' just change the fixed odds used.
jkirley
Posts: 31
Joined: Mon Jul 11, 2016 9:05 pm

Great advice and many thanks for the correction on the file.

I must admit, the one thing I am struggling with the most in all of this is the signalling aspect of it.

Will continue to read up and test etc.

Thank you
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