Creating new strategies and collecting data.

[Trader_Tom]

Hi everyone. I'm wondering how you guys collect data if you're looking at creating a new strategy/system. Personally I've just been watching the markets manually and making notes personally.

Also, When testing a new strategy/system. Over how many races would you test it over with horses/greyhounds? I've been testing a greyhound strategy over 220 races so far and returned a profit of £110 using one £5 stakes per race. How many races would you consider enough to be confident that blind luck hasn't been a part of it and to start upping stakes?

And for my last question! If you wanted to test several different strategies over the exact same markets to see which yielded better results. How would you go about recording that data and keeping it separate as your betfair P&L will always show each market as a whole. Sorry for all the complicated questions!

All the best,

Tom

[Dallas]

Good video here on how to know if your system is profitable,
https://www.youtube.com/watch?v=S-i3fSkT9LI&t=65s

If your using PM then open muliple instances of BA to record the different results from each variation,
viewtopic.php?f=47&t=12446
In live mode unless you have multiple accounts to seperate the only other option is to use different stakes sizes each stratergy but depening on each stratergy that can still take time to unpick at the end of each day.

[workpeter]

I use automation via excel. I record what the bot does and the ladder. The bot looks at a range of things and auto analyses on the fly. So when i analyse the recording it makes it easier to draw conclusions.

I also hook excel into SQL server so i can store a large amount of data to query.

[Trader_Tom]

Good video here on how to know if your system is profitable,
https://www.youtube.com/watch?v=S-i3fSkT9LI&t=65s

If your using PM then open muliple instances of BA to record the different results from each variation,
viewtopic.php?f=47&t=12446
In live mode unless you have multiple accounts to seperate the only other option is to use different stakes sizes each stratergy but depening on each stratergy that can still take time to unpick at the end of each day.

Cheers matey. Did a strategy in practice mode today and had a lot of success. It should in theory do better in live mode as a few times the price appeared on the other side of my bet and it didn't class it as taken (with dogs where there can be gaps between the back and lay prices).

Thanks again for the advice and the video. I've seen it before but I haven't gone through it properly to fully understand it so ill dedicate a bit of time to it now.

One last question...

How do you find time to trade when you spend so much time answering mine (and everyone else's) questions? Must be all that automation haha. I really do appreciate it though!

All the best,

Tom

[Trader_Tom]

I use automation via excel. I record what the bot does and the ladder. The bot looks at a range of things and auto analyses on the fly. So when i analyse the recording it makes it easier to draw conclusions.

I also hook excel into SQL server so i can store a large amount of data to query.

Great stuff! Thanks for the info pal. I've not dabbled with excel before but I'll take a looksy now.

[Dallas]

Did a strategy in practice mode today and had a lot of success. It should in theory do better in live mode as a few times the price appeared on the other side of my bet and it didn't class it as taken (with dogs where there can be gaps between the back and lay prices)

As long as you where not using too large a stake that would effect or influence the market when in live mode generally the strike rate usually increases for the reasons you outlined.

How do you find time to trade when you spend so much time answering mine (and everyone else's) questions? Must be all that automation haha. I really do appreciate it though!

Im mainly a manual trader but just try to manage my time and fit any posts between races to keep me occupied which can sometimes stops me getting involved in markets out of bordom.