Stop loss!!!

[Jencis1987]

Hi

I am totaly new with betangel and some of terms are quite new for me. So i have some unclear things...

1) What is offset bet and all those action including (offset bet and stop loss),(offset bet and trailing stop) and etc.
2) in next column: (offset ticks), (stop trigger ticks)and (place at ticks)??? What those thing mean.

And last most important thing that i wanted to ask is:
If i put a BACK bet of example 1,8 what i should do to get a automatic stop loss on example 1,83 LAY.. about three ticks or more? What buttons i should push or which settings to change for this.

I would be really happy if someone could answer at least something of this...

Thanks,

And good day for you all

[radford]

Hi

New to this also but I did find a great deal of useful information in the videos on the BetAngel site. Took me to YouTube and the videos are well explained too. Excellent!

[JollyGreen]

An offset is simply a counter order to your opening position. If you back a horse at 2.50 then a 1 tick offset would be a lay at 2.48. conversely if you lay at 2.50 a 1 tick offset would be a back order at 2.52. The offset will be set according to the amount of profit you are trying to take. If you are using the 1 click or Ladders, just ensure you have a check mark on "Use Global Settings"


The stop loss is controlled in the global settings. You will find the drop down box shows the options. They are pretty self explanatory.

On the stop loss, you have to enter the amount of loss you are prepared to work with. If you set it too low i.e. 1-2 ticks the market can 'bounce' quickly and trigger the stop before it then moves in the correct direction. That can be very annoying.

If you set it at 3 then the stop will be triggered if the market moves 3 ticks above or below your opening order - dependent if you backed or laid first. It is common to place the closing order 1 tick further away than the stop i.e. Stop at 3 Place at 4. This is done in case the market moves very quickly through your stop, it gives you a better chance of getting matched.

I suggest you set your stakes to the minimum and give it a go. The losses will be miniscule but the cost will be worth paying as there is nothing like experiencing it for yourself. It is going to happen in the live markets when you start trading so why not try it on a controlled basis and get used to it?