Trading IR newbie

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Gbryans92
Posts: 4
Joined: Mon Jan 18, 2021 4:01 pm

Hi,

Thanks for being so helpful Dallas!
so if i put my fill or kill best to 5 seconds, does this apply to the initial lay bet placed in the custom column, or my back bets fired by global settings?
also, when I try and place batched orders, it always just places 1 corresponding back bet into the market by the amount of ticks I have specified.


Thanks for your time!
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Dallas
Posts: 23692
Joined: Sun Aug 09, 2015 10:57 pm

The fill/kill only applies to your opening bet, the offset bet will always remain until matched or you cancel it.

Batches will do that if the whole bet is matched in one go, they are mainly meant for use with higher stakes or situations where bets may be nibbled at slowly like pre-off football market.
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Gbryans92
Posts: 4
Joined: Mon Jan 18, 2021 4:01 pm

OK so I do not need to worry about batched orders. So when saying my back bets will remain, say I offer a lay IR @5.0 but doesn't get matched as it shoots up really quick, if i have my offset bets placed at say 9, they are going to get matched without my lay bet being matched? How do I avoid this?

Many Thanks!
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Dallas
Posts: 23692
Joined: Sun Aug 09, 2015 10:57 pm

Gbryans92 wrote:
Fri Jan 29, 2021 1:47 pm
OK so I do not need to worry about batched orders. So when saying my back bets will remain, say I offer a lay IR @5.0 but doesn't get matched as it shoots up really quick, if i have my offset bets placed at say 9, they are going to get matched without my lay bet being matched? How do I avoid this?

Many Thanks!
If you enable the fill/kill option the offset back bet won't get placed until your lay bet is filled @5.0
If the price carrys on out you'll just be left with an unmatched lay at 5.0, or depending on how long you set the fill/kill time for
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