No further bets once x profit made

[faldekan]

Hi,

Apologies if this has been discussed previously but I couldn't find any post titles that seemed to fit. I'm hoping to use Guardian to automate my bets and to stop placing further bets if/when a certain amount of profit is reached.

Looking through the various conditions and parameters available I was wondering whether I can add a rule that states no further bets will be placed if £x profit is made. If this is possible, do I need to state a specific amount that I want my "Balance" to be (which would therefore need to be updated each day) or are there other ways such as giving a net profit goal for that day?

Thanks in advance,

Tom.

[Anbell]

Here you go
viewtopic.php?t=18922

[faldekan]

Brilliant! Thanks for your quick response!

Tom.

[Anbell]

I'm new to this rule so I can't add much advice, but if you didnt want to update every day, there are probably ways to do that via excel, which monitors balance in real time.

(fwiw - it seems weird to me that if you had a profitable automation that you would stop it when it hit a ceiling, and also why 'one day' would be the relevant timeframe. You might have good reasons to think about the universe of options in that framework, but there might be other pathways worth considering)

[Diacritical Quark]

I'm new to this rule so I can't add much advice, but if you didnt want to update every day, there are probably ways to do that via excel, which monitors balance in real time.

(fwiw - it seems weird to me that if you had a profitable automation that you would stop it when it hit a ceiling, and also why 'one day' would be the relevant timeframe. You might have good reasons to think about the universe of options in that framework, but there might be other pathways worth considering)

I've been using a bot that has been profitable over the past 3 weeks, it takes a dutching position based on certain parameters. Profitable up until around 16:00 each day, post this time it makes a loss. I have found stopping the bot after (x) is acheived for the day to be the sweet spot. I think it's something to do with the way markets behave slightly differently later in the day, it's only a hunch at the minute as I've not studied the markets anywhere near long enough just yet but it might have something to do with people either winning/losing a lot of money earlier in the day and either stopping for the day themselves thus making the market slightly less liquid or chucking a load of winnings around making it more volatile.

[sniffer66]

I'm new to this rule so I can't add much advice, but if you didnt want to update every day, there are probably ways to do that via excel, which monitors balance in real time.

(fwiw - it seems weird to me that if you had a profitable automation that you would stop it when it hit a ceiling, and also why 'one day' would be the relevant timeframe. You might have good reasons to think about the universe of options in that framework, but there might be other pathways worth considering)

I've been using a bot that has been profitable over the past 3 weeks, it takes a dutching position based on certain parameters. Profitable up until around 16:00 each day, post this time it makes a loss. I have found stopping the bot after (x) is acheived for the day to be the sweet spot. I think it's something to do with the way markets behave slightly differently later in the day, it's only a hunch at the minute as I've not studied the markets anywhere near long enough just yet but it might have something to do with people either winning/losing a lot of money earlier in the day and either stopping for the day themselves thus making the market slightly less liquid or chucking a load of winnings around making it more volatile.

Evening markets definitely trade differently from daytimes. Seen a few posts alluding to it

Funnily enough, I was well in profit from Cheltenham and the rest of the day races yesterday and had a little free time early evening (not usual with kids)
Was doing well at Newcastle until the 8:15 when I got too cocky and lost about 25% of the days profit. Lesson learnt

[Diacritical Quark]

I look to trade false favourites normally, sometimes this is easier than others as the exchange will latch onto a horse and push the odds down and down minutes before the off on a horse that pretty much doesn't have a hope in hell. Having never traded Cheltenham before this doesn't seem to happen like the other afternoon markets but then there was about 5 times the volume going through the markets. My bot only placed 3 trades yesterday achieving slightly over break even in the afternoon so thought I'd give AW racing another bash at Newcastle. Yep, just reaffirmed why I don't trade these evening races, would have been better sticking at break even