What was your first successful automation

[JakubStefanik]

Hi everyone!

First of all i am not trying to get exact conditions, markets selections or any specific information about your automation or trading strategy.
I am just asking in general what was your first automation/strategy that was making you money for example back to lay/ lay to back, scalping, feeling the gaps and so on...

When did you know you can scale it and what would you say is the best profit to potential loss ratio. As i am currently struggling with choosing between higher profit(higher risk of not sucesfull trade) with smaller stakes(lower potential loss), but the trade is sucesfull 8-9/10 which it makes still profitable at the end of a day, in last 14 days my worst result was it broke even. Or i have another strategy very simillar to the first one but i am using higher stakes (potential loss is bigger) to make bigger profit but in last 14days it did not failed once. After what time or how many races you were sure you can trust your strategy.

I am asking cause in last 6weeks i had pneumonia, eye and skin infection, i have spend 3weeks in hospital and this resulted in loosing my job (i had contract with agency, they forced me to work over 60-70 hours a week so loosing my job after this was no suprise to me). I am currently looking for job but till i get it and get my first wage after that.. it will take few weeks and nowdays i am even struggling to have 2 meals a day.

Sorry for my english i am not native. Thank you for all your replies and i wish you a nice day.
Good luck!

[Big Bad Barney]

When did you know you can scale it and what would you say is the best profit to potential loss ratio.

You would know you can scale it when you have run it long enough That's a how long is a piece of string question. I recall seeing Peter has a youtube video around the subject that you may find quiet useful. Unfortunately, I can't remember the title of it. Try searching under "Betfair Video - Really hard thing to answer" <-- ok that's a joke, it's not under that....dang my brain, sorry...can't remember...

As i am currently struggling with choosing between higher profit(higher risk of not sucesfull trade) with smaller stakes(lower potential loss), but the trade is sucesfull 8-9/10 which it makes still profitable at the end of a day, in last 14 days my worst result was it broke even. Or i have another strategy very simillar to the first one but i am using higher stakes (potential loss is bigger) to make bigger profit but in last 14days it did not failed once. After what time or how many races you were sure you can trust your strategy.

Well once you know the question to how long before you can scale (Question A). You scale it as high as the market will allow you to (in conjunction with how confident you are that the answer to Question A wasn't a cock up). It should also probably be a function of your bankroll, for mine some form of Kelly Criterion is the most sensible.

But...I doubt you can ever fully trust any strategy to continue working. It's ALL an assessment of risk and staking accordingly.

[Big Bad Barney]

Trying to find the specific video for you, but fail again...

You'll probably want to watch all of these anyway...
https://www.youtube.com/user/betangeltv/videos