Using offset bet with greening and stop. FoK 30secs.
Sometimes when the price moves through my stop doesn't get filled. Presumably because the price moved through too quickly. Then my stop order just sits there.
Is there any way that I can program BA to continue to try for a best price stop fill even if my price has been breached?
Getting Stop filled
Yes you have to use the same type of stop as your using for your offset, my previous reply was refering to adding an automation rule to run in the back ground that will kick in if a loss value is exceeded (ie the price has gone straight through your stop)
There is a couple of ready made examples which you couls look at using
http://www.betangel.com/forum/viewtopic ... 43&t=11407
http://www.betangel.com/forum/viewtopic ... 43&t=11954
Thanks Dallas. Unfortunately these options aren't really suitable because I don't know which selection my automation will be on and therefore what odds it filled at for the initial bet. I'll have to study and manually record the average green-up loss value at my stop for a while to find out the monetary value. Is there a formula for working out the green-up value between any two odds gaps positive and negative?
I am little surprised that a stop instruction doesn't always exit you from the market. If you want to stop at a set price and the odds have moved sharply through, its even more imperative to get you out, as your position is by then even worse than your exit conditions. Just sitting there, unmatched, while your position deteriorates further, seems odd. I suppose there must be a technical reason for it?
I am little surprised that a stop instruction doesn't always exit you from the market. If you want to stop at a set price and the odds have moved sharply through, its even more imperative to get you out, as your position is by then even worse than your exit conditions. Just sitting there, unmatched, while your position deteriorates further, seems odd. I suppose there must be a technical reason for it?
Its not recommended you use Stop losses on in-play markets due to the volitility and the in-play betting delay imposted by Betfair, ie if a horse falls its odds will go straight to 1000 and no stop will be able to do anything about it.Frogmella wrote: ↑Tue Apr 04, 2017 1:52 pmI am little surprised that a stop instruction doesn't always exit you from the market. If you want to stop at a set price and the odds have moved sharply through, its even more imperative to get you out, as your position is by then even worse than your exit conditions. Just sitting there, unmatched, while your position deteriorates further, seems odd. I suppose there must be a technical reason for it?
Even in less volitile markets there never guaranteed to stop you out - if the price goes straight through theres nothing you can do unless the odds come back to were it was placed, its the same problem you get if trading on financial markets and is whats know as slippage.
Quite so, the volatility, especially near to the post, can be crazy, and even more so during mid-week markets with lower liquidity.
I have already found that trying to get out of a bad position, late in-play, can easily end up costing you even more than just accepting the initial loss.
My original post was as much about making sure I wasn't doing something wrong with my instructions and thus causing my stop orders to be overlooked.
I have already found that trying to get out of a bad position, late in-play, can easily end up costing you even more than just accepting the initial loss.
My original post was as much about making sure I wasn't doing something wrong with my instructions and thus causing my stop orders to be overlooked.
On pre-race markets you could place your stop further away than its triggered at that will certainly get you matched, the link below shows an example of how it can be used - though i would'nt recommend using this in play only pre-play markets
http://www.betangel.com/forum/viewtopic ... 47&t=11746
-
ShaunWhite
- Posts: 10526
- Joined: Sat Sep 03, 2016 3:42 am
Green = ((Odds1/Odds2)*Stake)-Stake
If you've already had several backs & lays you can set Odds1 and Stake from your net position and Odds2 as your exit price.
Or, if you juggle it around you can find a target exit price for a required level of green (or red).
Odds2 = (Odds1*Stake)/(Green+Stake)