Automation - Create New Rule - Help Please

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bigben
Posts: 5
Joined: Sun Oct 02, 2016 9:57 am

Hello,

I wonder if someone can please help me with an automation rule/s I am trying to set up.

What I would like to do is to place a back bet at predefined odds (when in-play), on any selection that trades at a certain price, - Then, once this is placed, to place a green order/ lay order for a pre-defined maximum loss/ profit or at a specific price if any OTHER selection (not the selection that I has had a back bet triggered by the first part of the automation) is traded at another predefined price.

I have managed to achieve part of it but would appreciate some help to ensure that it is correct.

Many thanks.
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Dallas
Posts: 23492
Joined: Sun Aug 09, 2015 10:57 pm

There is a few ways to do it depending on the way you have already set the first part up.

But a 'Green All ' rule using the following conditions is where you would be looking

Green all profit Condition
Fixed odds Condition
Number of place bet triggers condition
and/or
Number of matched bets condition

Without seeing the actual rule set it its difficult to advise excatly what to use but have a play about with those and if its still not working correctly if you detail exactly what you have set up or attach some screen shots or the rule file its self it will be easier for someone to advise further.
bigben
Posts: 5
Joined: Sun Oct 02, 2016 9:57 am

Hello Dallas,

Thank you very much for your reply, I have been trying pretty much what you are indicating, but it seems I must have set the rules to contradict each other; when I set it now will not place the "Back" or first trade prior to the second greening function.

I have exported and attached my file to try and make it easier for you to see what I have done, perhaps if you could "tweek" it or show me where I am going wrong I would really appreciate.

many thanks again
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jimibt
Posts: 4194
Joined: Mon Nov 30, 2015 6:42 pm

Hi Bigben,

There were two issues with your rule:

1. The back bet was primed to place a bet between 5 MINUTES and 8 minutes. I assume the intention was to place it between 5 SECONDS and 8 minutes. Have apdated to reflect.

2. By having a single condition on your greening against the market, the rule can't easily infer which runner you are wishing to exclude. I've created a signal to measure the activity on any other runner except the backed runner and then notify when it needs to be greened. Your Green rule is then triggered. (this rule is a bit belt 'n braces, as it examines a signal placed on the back bet, as well as looking to ensure that no bets are on th emarket for the current selection)

I'm not 100% certain that this is the best way to go about greening as the contentious runner may turn back and not affect your bet, however, that's a detail that I'm sure you'll iron out.

See how it fits.
jim
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bigben
Posts: 5
Joined: Sun Oct 02, 2016 9:57 am

HI Jimibt,

Thank you for your reply, yes, you are quite right, it was meant to be 5 seconds from the start! Thank you for the "amendments" I was pretty close; but it is the first time I have used automation I really appreciate your help. I will give it a go later and see how it goes and let you know, as you mentioned, I think it could struggle as getting matched is the key and any return could be very limited and outweighed by the losses.

many thanks again

Best regards

bigben
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jimibt
Posts: 4194
Joined: Mon Nov 30, 2015 6:42 pm

no worries ben -i'm sure you'll find a sensible balance between matching/exiting and chasing a good profit.
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