Motivation from other Trader's blogs and P&Ls.

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jimibt
Posts: 4197
Joined: Mon Nov 30, 2015 6:42 pm

RentonT wrote:I think both ROI (bank) and return on turnover are worth monitoring because they both show useful performance indicators.

I couldn't get my manually worked out turnover to match the one betfair gave me so I guess I will just ask them each day for it.

I also look at my avg win vs avg. loss as I want to improve my avg loss figure. And strike rate is important too as this together with the avg win and loss affects results.
yes, there is such an abundance of indicators that it really depends on how you measure them and how you then implement change as a result. on a related topic (metrics etc.), I only today finally put to rest the fact that races at Galway produce a poor average for the particular rules that I run in-play. this only became apparent when i scanned the data for the past 4 weeks and noted that the biggest average losses were sustained here, across all race distances. likewise a few months back, a similar metric (plotted over time), revealed that races > 16 furlongs are a big loser for the same rule set also (altho ironically, can sometimes produce the highest *win* (i.e profit) of any single race type).

so in conclusion, the complexion of your p&l really can act as a guide and therefore alter your fwd game. i think of it as applying change in a subtractive manner!! ;)
Samo154
Posts: 93
Joined: Mon Dec 14, 2015 11:44 am

Thought i would give this a bump and see if anyone wants to share any nice recent greens? this thread definitely motivated me and there is alot of great insight, clues and knowledge on this forum to be found!

My week started badly and has picked up and im hoping for a decent weekend! Im full auto and just do this in any spare time i have but feel things are starting to click abit more recently!

hope everyone has a good week!
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Crazyskier
Posts: 1288
Joined: Sat Feb 06, 2016 6:36 pm

Samo154 wrote:Thought i would give this a bump and see if anyone wants to share any nice recent greens?
Well I'm finding some interesting 'gaps' in play these last days. I'm quite sure some of the money is cross matching - perhaps Peter Le could confirm if this also goes IP?

See below for today's penny-pinching returns - on my usual BF bank of just £200 !!
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Dallas
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Joined: Sun Aug 09, 2015 10:57 pm

Great stuff CS, very well done - is this all automated?
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Crazyskier
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Dallas wrote:Great stuff CS, very well done - is this all automated?
Hi Dallas. 99% is automated. I set it ticking with several strategies designed for early price changes and if I'm working from home some manual intervention to green up at reverse prices when possible.

The bulk of the profits are from IP gap-finding though. Many small losses, but the odd spectacular profit (for me). I had a back bet matched at 60s on a runner IP, and it came home after the LTP1 had touched below 2 yesterday! It's lovely seeing a £2 liability return £50+ !! Rare, but great when it does.

I've been trying so many IP dutching strategies at certain trigger points to try to capitalise on the rapid odds movement IP, and wonder if you (or anyone can answer me) know if the cross matching BF do is also IP? And if so, is it for all races of just longer ones?

Thanks

CS

EDIT - just had another double-figure runner backed IP by the automation paying 10.79, from lower than £2 liability! (Soul Silver 19.30 Kemp) overturned the odds-on favourite for me.

A really nice finish to the day.
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Last edited by Crazyskier on Fri Sep 02, 2016 7:39 pm, edited 1 time in total.
Abraquay
Posts: 163
Joined: Thu Jan 28, 2016 9:46 am

Happy with my slow horse racing progress over the past few days.

Regarding signals is it similar to an IF THEN ELSE statement if you are using Excel.
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Dallas
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Crazyskier wrote:Hi Dallas. 99% is automated. I set it ticking with several strategies designed for early price changes and if I'm working from home some manual intervention to green up at reverse prices when possible.

The bulk of the profits are from IP gap-finding though. Many small losses, but the odd spectacular profit (for me). I had a back bet matched at 60s on a runner IP, and it came home after the LTP1 had touched below 2 yesterday! It's lovely seeing a £2 liability return £50+ !! Rare, but great when it does.

I've been trying so many IP dutching strategies at certain trigger points to try to capitalise on the rapid odds movement IP, and wonder if you (or anyone can answer me) know if the cross matching BF do is also IP? And if so, is it for all races of just longer ones?

Thanks

CS

EDIT - just had another double-figure runner backed IP by the automation paying 10.79, from lower than £2 liability! (Soul Silver 19.30 Kemp) overturned the odds-on favourite for me.

A really nice finish to the day.
It good to see and hear about when all the hard work and long hours of trying and testing and testing and trying something else all start to pay off.

The XM is on in all races unless BF decide to switch it off for some reason but this is very rare.
Bluesky
Posts: 420
Joined: Mon Sep 19, 2016 9:26 pm

Started reading this thread a few hours ago with the intention of spending about 20 or 30 mins on it, but like a good book I couldn't put it down. Just wanted to thank all the contributors to the thread, I really found it inspirational. I have read Adam Heathcotes blog and assumed he was a freak of nature a one off trading machine if you like.

It was good to see other people are producing similar results to what Adam achieved, thanks once again to all the posters.
xitian
Posts: 457
Joined: Fri Jul 08, 2011 2:08 pm

I was also really inspired by Adam when I started back in 2010. He showed me what potential there was in the racing markets. I too assumed it would never be possible to repeat what he did. But now that I have a bit more experience, I understand that there's no reason why you should expect that to be the limit of what's possible, if you put enough time and effort into it. Just don't try and rush it.
Bluesky
Posts: 420
Joined: Mon Sep 19, 2016 9:26 pm

One thing I did notice about Adam which I would imagine was different to most other traders is the following, I don't know if this was part of the reason why he was so successful or if it had no baring whatsoever.

Most people I would imagine take Peters course and then are absolutely itching to put into practice what they have just learned. Adam did not do this as he was doing the final year of his degree course in computer science. Part of that final year involved trying to produce a self learning computer program to trade horse racing. So he was obviously having to think deeply about trading, and I am sure considering some of the things he had learned from Peter. He was not however actually trading straight away, I'm wondering if in some way this may have helped him.

His brain would have had time to absorb the information from the trading course, he would also still be involved with the markets due to his Uni work but he would not have the stress of trying to learn to trade.

I could be writing a lot of rubbish here, but Adam I would imagine would be one of the best students Peter has had, and is it possible that the year he had following Peters course helped him become so good even though he wasn't actually trading.

I think he did another course with Peter after he finished in University, but I think that was just on the mechanics of using Betangel but I would imagine trading strategies were probably still disgused as part of that course too, so it would have acted as something of a refresher for him.
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JollyGreen
Posts: 2047
Joined: Sat Mar 21, 2009 10:06 am

I have known Adam for many years, I am in touch with him regularly but he doesn't trade these days and hasn't for many years.

He was simply fearless but very perceptive about the markets and the associated trends. He only did one course and then decided to finally start trading.
PeterLe
Posts: 3725
Joined: Wed Apr 15, 2009 3:19 pm

There was something written in the last few weeks on other blogs which suggested that you are better off building your own software rather than use trading software and a pop at betangel in general. It annoyed to be honest as I know how much effort the betangel team put into this software
bespoke Bots are fantastic (if you have the skill set to do it in the first instance and/or have them built for you at a cost)
Ive got my own bots that Ive had built in C# that I use every day, but I also use Betangel too.
I posted yesterday how Id just renewed my subscription and the value it provided at £150/Annum
Here's another example from the last race today. This was produced from betangel (not my own bots). Two account hit and one didnt fire..
The streaming from betangel is superb and opens many new opportunities not previously possible.
I just want to show that is is possible to use this software to create good results
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LinusP
Posts: 1917
Joined: Mon Jul 02, 2012 10:45 pm

Sadly Hallstatt won, I think I say it every time I post on this thread but I wish XM was off every race :roll:
screenshot 4.png
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SeaHorseRacing
Posts: 2896
Joined: Fri May 20, 2016 7:06 pm

LinusP wrote:Sadly Hallstatt won, I think I say it every time I post on this thread but I wish XM was off every race :roll:
screenshot 4.png
Holly smokes! Thats a big win! Inplay?
PeterLe
Posts: 3725
Joined: Wed Apr 15, 2009 3:19 pm

Yes I saw the prices whilst in play and wondered if xm was off, the book was all over the place
I think there were two sub 1.04 or thereabouts? Nice anyway :)
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