Hi all,
New to automation so apologies if this is a simple one.
Ive searched a fair bit on the forums but cant find an answer to this.
I have an automation rule that lays a fixed amount (£15) at a specific price - in this example 10.0. It then places an immediate back one tick higher at 10.5. The parameter is an offset bet with greening and stop. So all works well, £15 is layed at 10 and immediately a back for £14.29 is placed at 10.5. The stop is set to fire at 5 ticks and placed at 6 ticks. I have just had one stop out in this way, however the stake fired in at 9 (five ticks lower as expected) was also £14.29, thus not greening the selection. I'm not sure why this stake value was used. I can only assume that the offset portion of the bet is set to green but not the stop loss.
The question is, how do I use the stop command to green in automation? I cant use a green all selections command as there are multiple similar rules within the file which may have an open position at the same time.
Many Thanks for any help/advice
Stop Loss Greening
The stop loss takes its value from the offset so if using larger offsets/stop you will need a further green up to spread the loss equally.
Do you have other open trades on that same selection or are they only on others? If so you can use a 'Close trade on selection with greening' to close individual selections
Do you have other open trades on that same selection or are they only on others? If so you can use a 'Close trade on selection with greening' to close individual selections
Hi Dallas,
Many thanks for your reply.
I would only have one trade open on the same selection at any one time. Although in a 7 runner race, all 7 could have an open position (although unlikely however 2 or 3 are common)
So just getting my head around this - I would actually be better off with an offset bet with greening rather than the current offset bet with greening and stop that I'm using and then using a separate rule to close the selection should a certain loss occur (essentially a stop loss).
So could this be relative odds condition - where the last traded price is less than the lay price (as the initial rule is a lay rule) minus 5 ticks?
Many thanks for your reply.
I would only have one trade open on the same selection at any one time. Although in a 7 runner race, all 7 could have an open position (although unlikely however 2 or 3 are common)
So just getting my head around this - I would actually be better off with an offset bet with greening rather than the current offset bet with greening and stop that I'm using and then using a separate rule to close the selection should a certain loss occur (essentially a stop loss).
So could this be relative odds condition - where the last traded price is less than the lay price (as the initial rule is a lay rule) minus 5 ticks?
Creating a separate lay rule to act as your stop will present you with them same problem of not knowing what value to enter as the stake, also there is not a condition that could track the odds your opening bet was placed at (unless using the same fixed odds each race).
Its quiet tricky to run multiple trades on the same selection at the same time and stop each of them independently if they go X ticks against you, you only option is to close all the trades on a selection when its value exceeds an amount you have set
Its quiet tricky to run multiple trades on the same selection at the same time and stop each of them independently if they go X ticks against you, you only option is to close all the trades on a selection when its value exceeds an amount you have set