Hedging for a loss

[BillyWalters]

Hi guys,

Been trawling through youtube and forum looking for an answer but can't seem to find one. I have a current scalping bot which is doing ok, except for when the price moves against when in a position.

I currently have 3x Green all selection for profit rules, with 3 different %'s. However, how do I set a Green All Selections rule, but for a loss. On the Conditions tab I only can see Green All Profit condition. Is there a reverse for this, essentially 'Green All Loss'.

The bot places Back bets with an offset bet and stop, but I would like a hedge position for safety.

Thanks

[Jukebox]

Hi guys,

Been trawling through youtube and forum looking for an answer but can't seem to find one. I have a current scalping bot which is doing ok, except for when the price moves against when in a position.

I currently have 3x Green all selection for profit rules, with 3 different %'s. However, how do I set a Green All Selections rule, but for a loss. On the Conditions tab I only can see Green All Profit condition. Is there a reverse for this, essentially 'Green All Loss'.

The bot places Back bets with an offset bet and stop, but I would like a hedge position for safety.

Thanks

The green up rule is a hedging rule - you can use it to hedge if in profit or loss. You can have multiple green up rules if you wish - in your case you could have one with a condition to green for the profit you expect if it shows and another for the max red you are willing to take if that shows.

[BillyWalters]

Thanks Jukebox.

How would I input for a loss on the conditions tab of the Green all selections rule.

[Jukebox]

Thanks Jukebox.

How would I input for a loss on the conditions tab of the Green all selections rule.

If for example you wanted to hedge out if the loss exceeds £10 you would use the Green All Selections rule and add the condition The green all profit across all selections is Less Than -10

[BillyWalters]

Hmmmmm its working now lol.

I tried previously to add a ' - ', but it wasn't accepting it. Works now though so all good. Thanks