Monitoring over / under 2.5 to blace a bet

[greenmark]

So if I trade 2 football matches, one for £10 and one for £20 it can't calculate the 20% reduction in those stakes?

You didn't mention linking different markets until now?
Please define your question accurately. That would help a lot.

Let's say there are two football matches tonight.

I want to back 1 game to have Under 5.5 goals at £10 and the other game to have Under 5.5 Goals at £20. Completely independent matches.

Let's say for example the £10 stake finishes 0-0 then I make a profit. But if the £20 stake is 4-0 at half time and my stake is value at £16 then my stake is automatically cashed out so I can't lose anymore than £4 or 20%.

Ok just to confirm. 1 manual back on a market. You want an automatic stoploss at 80% of stake? You will be manually backing every market you enter?

[JustLukeYou]

Yes that is right. I am watching the first 10-15 minutes of a match and then placing a manual trade.

[JustLukeYou]

I have set up a Rule but it does the opposite, I have made amendments and tested it around a dozen times but I can't get it to perform what I want it to do. I thought this type of rule, a Stop Loss rule, would be incredibly popular and simple to set up.

[greenmark]

I have set up a Rule but it does the opposite, I have made amendments and tested it around a dozen times but I can't get it to perform what I want it to do. I thought this type of rule, a Stop Loss rule, would be incredibly popular and simple to set up.

OK. I'm no expert but without using Stored values, you can't achieve that.
You need to store the matched bet price of the back bet and apply a condition to your lay rule that fires when the market price rises above your back price to the extent you are losing 20% of your stake.

[ShaunWhite]

ShaunWhite, what do you mean by "Him ignoring Psycoff's offer to answer his questions was a new low in his already dismal attitude."

Exactly what it says on the tin, it was narrow-minded, disrespectful and arrogant. You get one chance to make a first impression and I really don't think you appreciate the calibre of people you're alienating yourself from on an almost daily basis.

When you finally realise you need help rather than encouragement, don't be suprised if the top guys choose to spend their evening looking through the latest Rolex catalogue instead of an evening chatting with you.

[ShaunWhite]

Why would a manual football trader use an automated stop? The whole point is to out-think the market not have it make decisions for you. First time there's an overreaction to a benign situation he'll be stopped out.

[Derek27]

Why would a manual football trader use an automated stop? The whole point is to out-think the market not have it make decisions for you. First time there's an overreaction to a benign situation he'll be stopped out.

No ordinary manual trader would need a stop-loss on a decaying football market, but Luke's no ordinary trader.

I doubt Luke's considered what would happen if a goal's scored that takes the price beyond his 20% stop.

[greenmark]

Why would a manual football trader use an automated stop? The whole point is to out-think the market not have it make decisions for you. First time there's an overreaction to a benign situation he'll be stopped out.

No ordinary manual trader would need a stop-loss on a decaying football market, but Luke's no ordinary trader.

I doubt Luke's considered what would happen if a goal's scored that takes the price beyond his 20% stop.

Why don't you help him? Answer his specific question and, if you feel like it, expand on the general, related ideas he may not be aware of.
At this point Luke is winning for me, he's just asking questions, albeit in a naive way that is provoking people.
Luke...Ask a question. Reply specifically to the response. Repeat. Simple!
Don't bombard a thread (even if you are the OP) with random questions that have just popped into your head.

[Derek27]

Why would a manual football trader use an automated stop? The whole point is to out-think the market not have it make decisions for you. First time there's an overreaction to a benign situation he'll be stopped out.

No ordinary manual trader would need a stop-loss on a decaying football market, but Luke's no ordinary trader.

I doubt Luke's considered what would happen if a goal's scored that takes the price beyond his 20% stop.

Why don't you help him? Answer his specific question and, if you feel like it, expand on the general, related ideas he may not be aware of.
At this point Luke is winning for me, he's just asking questions, albeit in a naive way that is provoking people.
Luke...Ask a question. Reply specifically to the response. Repeat. Simple!
Don't bombard a thread (even if you are the OP) with random questions that have just popped into your head.

It's a waste of time because he just ignores the advice, comes up with another idea and moves on. Besides, he asked me to stop "stalking" him, but feel free to help him if you want.

[greenmark]

No ordinary manual trader would need a stop-loss on a decaying football market, but Luke's no ordinary trader.

I doubt Luke's considered what would happen if a goal's scored that takes the price beyond his 20% stop.

Why don't you help him? Answer his specific question and, if you feel like it, expand on the general, related ideas he may not be aware of.
At this point Luke is winning for me, he's just asking questions, albeit in a naive way that is provoking people.
Luke...Ask a question. Reply specifically to the response. Repeat. Simple!
Don't bombard a thread (even if you are the OP) with random questions that have just popped into your head.

It's a waste of time because he just ignores the advice, comes up with another idea and moves on. Besides, he asked me to stop "stalking" him, but feel free to help him if you want.

Ok, my last contribution. Is what Luke is trying to do possible with BetAngel?
And on the issue of 'stalking' he clearly has a sense of humour bypass. But I think you do not suffer fools. Perhaps we should all be more accepting of different ways of dealing with the online world.

[Derek27]

Ok, my last contribution. Is what Luke is trying to do possible with BetAngel?
And on the issue of 'stalking' he clearly has a sense of humour bypass. But I think you do not suffer fools. Perhaps we should all be more accepting of different ways of dealing with the online world.

You're asking the wrong person as I'm not using BA. I advised him, as did Shaun, to look at the user guide but he thinks every question he asks can be answered in 10 seconds and doesn't need it!

As for suffering fools, I've been as patient as anyone one here and went to great lengths and numerous posts to help him with basic trading and encourage him to read about the basics, only to receive abuse if he doesn't hear what he wants. The only reason I've been tolerant is that I feel I'm talking to an eight-year-old with a short attention span.

After he said he's too busy to look at the user guide because he's packing boxes and would rather use the forum as an interactive manual, I'd find it hard to justify spending time helping him when my time would be better spent on other things. I may as well go round and pack his boxes for him!

[greenmark]

Ok, my last contribution. Is what Luke is trying to do possible with BetAngel?
And on the issue of 'stalking' he clearly has a sense of humour bypass. But I think you do not suffer fools. Perhaps we should all be more accepting of different ways of dealing with the online world.

You're asking the wrong person as I'm not using BA. I advised him, as did Shaun, to look at the user guide but he thinks every question he asks can be answered in 10 seconds and doesn't need it!

As for suffering fools, I've been as patient as anyone one here and went to great lengths and numerous posts to help him with basic trading and encourage him to read about the basics, only to receive abuse if he doesn't hear what he wants. The only reason I've been tolerant is that I feel I'm talking to an eight-year-old with a short attention span.

After he said he's too busy to look at the user guide because he's packing boxes and would rather use the forum as an interactive manual, I'd find it hard to justify spending time helping him when my time would be better spent on other things. I may as well go round and pack his boxes for him!

OK. That's all valid and can't argue with it. But for me, I think trying one more time is worthwhile. So can he achieve what he wants with BetAngel?

[Derek27]

I said you're asking the wrong person because I'm not using Bet Angel!

The real issue here is if it's possible with BA (and I presume it is) it still wouldn't be satisfactory to him, because if you look back on this thread you'll find he's not interested in rules and dropdown boxes, nevermind stored values. He wants bespoke software with a dialogue box that says:-

[Tick box] I would like my trade closed when losses reach __ %.

He twice posted that he finds the software extremely confusing, but even that doesn't trigger anything in his mind that suggests looking at the user guide, not even the introduction!

Good luck with helping him, I'll just sit back and watch from a distance.

[darchas]

Regardless of the technical element, would a stop-loss even work with this sort of trade? If we're backing unders, the price is only going to go out with goals, and then any price movement will likely bypass the stop-loss. Am i missing something?

[JustLukeYou]

So I want to apologise if people are arguing.

Derek, can you agree to stay out of things please. You don't do football trading and now you are saying you don't use BetAngel. I have very little interest in horse racing or tennis so I would be completely the wrong person to get involved in those conversations.

Thanks to the great people on this forum, Dallas and Greenmark, I have made progress and I am almost there. The software is very sophisticated and has hundreds of different options.

Here's a business opportunity for someone...write and sell a Kindle book called "20 Most Popular BetAngel Automation Rules Quickly and Simply". Sell it for £20 a pop.