Looking for some advice/help

[salmanim140i]

Hi All,

Been dabbling again with some automation as this is where I seem to do better than with manual trading.

I think I may have found a wee bit of an edge here with some in-play scalping. However. I seem to get some really good runs of winning streaks but then as per usual there are 1 or 2 races which seem to throw the whole P&L off big time.

So through raking through forums and looking at some of the automation that's been posted in here I have sort of pulled together what I do think is a good automation set of rules.

But looking for a bit of advice in trying to restrict or reduce the losses. Previously Dallas had gave me a wee golden nugget with some signals that I could implement. I have tried to use this but dos not seem to have as good affect. Been using a stop loss on the particular selection which seems to have done a better job, but then as its in play some time this is where its getting missed and the horse goes on to lose me my stake.

I am also using a Green up rule at a set time interval which has helped a bit but again this can also get over looked as the odds move so fast in play.

I think where the silver bullet lies is in the signal stuff. However I just can not seem to get my head round this no matter how many times I read the manual online or watch that tennis trading video Peter has posted.

1. has any body got any advise or help with this. Possibly a new rule I could try that's not so obvious (or perhaps is)

2. Can anyone point me in an idiots guide direction to signals and stored values that make sense to a 4 year old?

I feel as if I am like 90% there but just lacking that 10% to get this right. Don't mind the losses just want to reduce them if possible.

Thanks in advance again guys.

Robert

[ShaunWhite]

"I've found a winning system but......" is probably the most common comment I see when people are venturing into automation.

I can't help with your specific approach because you don't give away much away but the main issue with in-play automation is due to the fast moving nature of it. You always need to remember it's not just a numbers game, if you want to back or lay you need to find other participants who are of the opposite opinion. Eg A horse that looks beaten won't afford you many opportunities to lay it off at a good price because there won't be anyone who wants to back it. For that reason, you might need to accept that there will always be substantial losses you can't do much to avoid.

People trying to improve their results (and strategies in general) often get tunnel vision about reducing losses but don't pay anything like the same attention to maximising gains. The way to make money is simply to have an average win that's bigger than your average loss so you can alter your overall outcome by addressing either side of the equation.

I'm not quite sure why it is that maybe 9/10 questions are about cutting losses (often the hardest part) but questions about maximising gains are a rarity but it could be because of comments like this ...

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[salmanim140i]

Hi ShaunWhite

Thanks for the reply.

Haha yeah I'm sure you must have seen that a million times in here regarding the infamous "edge". I'm just hoping after almost a year of manual and automated trading I might have found something that I can build on.

But I have to admit I like the way you look at things here. Maybe I should look at ways at increasing my profit than reducing my loss. Just have a fear if I do that then the losses would then magnify (thank God for practise mode i guess)

But as in my previous post i think the ticket is with signals and values rules. I just cant seem to find anything that's a bit more clearer to understand than what's out there at the moment. Especially the tennis video (maybe cause its reffering to tennis than horse racing I might not be getting it)

Then again it might just be me being stupid.

Do you know of any other source of info regarding signals/values??

Thanks again.

[Kai]

I think I may have found a wee bit of an edge here with some in-play scalping.

Personally I'm not a fan of these 2 concepts, first scalping runners in-play and second very high hitrate strategy that gets wiped when you inevitably lose stake/liability. Not worth doing imho compared to other opportunities, even if you solve the stake loss issue you're probably left with a disproportionate win/loss ratio.

For starters I'd actually be looking at the opposite approach, where a lost stake could be a normal loss but the gains would be around equal to it or far exceed the losses. But before messing around with signals for me the concepts have to be spot on, I'm sure people randomly stumble upon edges by running all sorts of simulations but I always thought it made sense to actually know for dead certain where the edge is before trying to automate it, or parts of it. At least this is my preferred approach, so instead of wondering whether there's an edge here or no, the only question is whether you could automate it effectively.