Hi all,
I have been trying out a back to lay automation rule that has been doing not to bad. Using the 30% offset rule.
However when the selected horse goes completely the opposite way and creates a loss it is having an impact on the p&l.
I have tried messing around with the stop and trailing stop options but have noticed it stops me out too soon as the market is so volatile (which can also be good).
Is there any way I can do something to limit the damage of the loss without having to manually having to do so. I don't mind it loosing as expect it to but would like to some how limit the maximum loss to half of my stake if possible. But also allow the trade enough time to mature as we all know when trading in play the action does not really happen till towards the end.
Just cant think of something to implement at this stage.
Any help advice would be great thanks in advance
Inplay back to lay
You could add a rule with a profit condition to stop you out at whatever -£X.XX loss you want
viewtopic.php?f=47&t=11488
You could also arm it at 30 or 60 secs into the race (or whatever time you want) so it will only trigger if its more than 30secs into a race and your loss is more than whatever you set.
Or you could use something like this which will eliminate being stopped by a short term price spike
viewtopic.php?f=56&t=11954
viewtopic.php?f=47&t=11488
You could also arm it at 30 or 60 secs into the race (or whatever time you want) so it will only trigger if its more than 30secs into a race and your loss is more than whatever you set.
Or you could use something like this which will eliminate being stopped by a short term price spike
viewtopic.php?f=56&t=11954