What does it all mean?

[Bigd85]

Hi guys

I’ve been trying to make an automated system to use before races start whilst I’m out.

It worked in test mode but yesterday morning, but in real mode lost £71 on one race when I was out.

I tried again with the stop and green at the end of my lay and back but still lost £5 on one race.

Is there a list of what everything means in the automation system

Is there a way of greening and cancelling all bets when the greening box at the top reaches a certain figure?

I had a play with the stop losses but it didn’t work for me.

I have also tried greening and stopping before the start of the race but this just cuts all losses at the time which could mean that the loss is greater than I wanted it to stop on.

I want something to back and lay and green with every match but green and stop if the profit will be -£1.50 or greater so then I know the most I would ever lose in a race would be around that figure but profit could be anything.

I have watched loads of videos and read a lot but could do with a breakdown of what all the drop down list items mean.

Thank you

Dan

[Bigd85]

Sorry just seen the blog.

[Dallas]

Just for others reading this the following thread has a number of links for getting started with automation
viewtopic.php?f=37&t=11396

[ShaunWhite]

but green and stop if the profit will be -£1.50 or greater so then I know the most I would ever lose in a race would be around that figure but profit could be anything.

That stop needs to be - £1.50 or less. Not greater.
Eg - £3 is less than - £1.50. It's a common mistake, the loss is greater but the figure is smaller.

[Bigd85]

Thanks for this, I’m trying to write a automation so I will not loose more then £2 each race. However I have used the profit and stop loss shared file plus added in my back and lay perimeters but seem to still have races where I lose more than £2.

Any tips?

Thanks

[ShaunWhite]

Thanks for this, I’m trying to write a automation so I will not loose more then £2 each race. However I have used the profit and stop loss shared file plus added in my back and lay perimeters but seem to still have races where I lose more than £2.

Any tips?

Thanks

The stop loss is triggered when the loss condition is met, exactly as you expect, BUT by the time the bet reaches the market, the price may have moved even further and will therefore result is a greater loss. Occassionally the market will have moved in a way that reduces your loss, but it's the nature of a selection which starts to look like a loser for the potenial backers to remove their money asap and therefore cause rapid price drifts.

To mitigate the issue, ensure you have Guardian on the maximum (minimum? ) refresh speed (20ms) and restrict the market refresh so that just the required market is being updated.

[JTEDL]

^^This - in running prices can fly around all over place especially towards the end of a race or a sprint, so stops don't always get matched or the profit/loss automation cashes out at a worse price. Watch the inplay trader on a few races and you'll see what I mean!

[Black Ice]

Hi Shaun..thanks for your advice...how do i restrict refresh so only my current market is refreshed? Many thanks

[ShaunWhite]

Hi Shaun..thanks for your advice...how do i restrict refresh so only my current market is refreshed? Many thanks

https://www.betangel.com/user-guide/opt ... 3D&mw=MzIw#

Without sounding sarcastic, the user guide is well worth a read. There's a lot of useful guidance in there aside from it being just a list of features.

[Black Ice]

Many thanks Shaun. I often refer to the UG....however..it is so HUGE & detailed..that trying to find a specific thing can often take ages. I doubt i would have found this link quickly..or at all..so many thanks again...

[Bigd85]

Thank you all for your help.

Out of interest do all automations work with the free trial?

[Dallas]

Thank you all for your help.

Out of interest do all automations work with the free trial?

Yes they do, trials are fully functioning with no limitations

[Bigd85]

Thank you all for your help.

Out of interest do all automations work with the free trial?

Yes they do, trials are fully functioning with no limitations

Thanks Dallas

I seem to be having issues with stops then.

I have been using the lay the draw system with a few tweaks on practice mode using £10 stakes.

I have a take profit at £2 or more and also a stop and take profit at -£10. A couple of the games last night lost me £70 and £30

I have also noticed on the main screen using the stop with trailing loss (not through guardian) it does not trail

Any ideas what I’m doing wrong?

Thank you

[Dallas]

Thank you all for your help.

Out of interest do all automations work with the free trial?

Yes they do, trials are fully functioning with no limitations

Thanks Dallas

I seem to be having issues with stops then.

I have been using the lay the draw system with a few tweaks on practice mode using £10 stakes.

I have a take profit at £2 or more and also a stop and take profit at -£10. A couple of the games last night lost me £70 and £30

I have also noticed on the main screen using the stop with trailing loss (not through guardian) it does not trail

Any ideas what I’m doing wrong?

Thank you

You should have 2 separate rules one for the profit one for the stop
the loss should say 'less than -£10' (or whatever amount you want to lose)

If there is a goal and a big price jump then your loss will be a lot more if the price reforms way past your amount of -£10

If the price naturally moves due to time decay then once it exceeds -£10 the rule should trigger and exit your position around this value
Make sure you have the rule set to trigger at least 3 times and use an arm time of around 15 secs to account for the in-play delays and to ensure you don't trigger double bets
(if your only betting only the major leagues then you can use a 6 or 7 sec rearm time - but nothing less on in-play football)

You won't see the trailing stop on the ladder or one-click screen but if you look at your unmatched bet on the right it will show the stop details and you should see this move as the price moves as shown in the 2nd post of this thread
viewtopic.php?f=47&t=11746

Also, remember if a goal is scored it will jump straight past your trailing stop leaving it as an unmatched bet in no man's land so it's not something really worth using on in-play football due to the way markets behave

Using the final image in the above link if you imagine a goal is scored the draw odds could shoot out to say 6.0, that would trigger the trailing stop but leave it unmatched and doing nothing at 4.9