opposite direction bet

[DanMcWilliams]

Instead of offsetting your original bet, is it possible to automatically place a bet in the opposite direction.

For example....

I place a back bet at 4.0. but price rises to 4.4.
I do not want to take the loss. Instead I want to place a lay bet at 4.4

For the life of me I cant figure this bit out.

Any help would be appreciated.

[Dallas]

You'd still have a loss unless you mean you want to reverse your position and place a larger lay bet in the hope it continues drifting to put you back i profit?

[DanMcWilliams]

Yes the next bet will be larger. Its based on a forex grid strategy.

[Dallas]

Yes the next bet will be larger. Its based on a forex grid strategy.

You'd need to trigger it as a separate lay bet, with the stake you want
So on your back bet rule (assuming you are backing at the best price) use the Stored Value tab to store the value of the selections back price with an adjustment of plus 4 ticks

Then on the lay bet rule use a stored value condition to test the price is greater than the stored value named (whatever you called it above)

[dt888]

Just to add to what Dallas has said if it helps, if you want a reversal of roughly equal size of your opening back bet then set the lay stake to 200% net stake. As if you set it for double the stake you have set for your opening back bet and not all of that opening back bet gets matched, setting a fixed stake for the lay that’s twice the fixed stake of your back could leave you with a oversized position on your lay, if not all the opening back gets matched

[dt888]

If you are using fill or kill, I should add

[DanMcWilliams]

Thanks for the help.

If I want to place a second bet, but only if the first bet made a loss, how would I go about doing that?

On my second bet rule, I have looked into the conditions and the only ones I can see regarding profit are Close Trade Profit, and Green trade profit.

Any help would be appreciated

[Dallas]

Thanks for the help.

If I want to place a second bet, but only if the first bet made a loss, how would I go about doing that?

On my second bet rule, I have looked into the conditions and the only ones I can see regarding profit are Close Trade Profit, and Green trade profit.

Any help would be appreciated

You'd use a 'Close trade with greening profit condition'
is less than £0.00