Hi Iam new to bet angel could you help me with a problem please?
I want to place a bet (back) on a horse race 3hrs before the off then i want look to trade for a few ticks profit before the race starts however i wont be available to do the lay bet as i will be at work so need bet angel to do this for me. I would like to place a 4 tick trailing stop and green up. 1 hr before the race I would like the lay bet to be placed how do i do this thanks.I need the bet to be filled either way before the start of the race.But dont want to risk more than a 4 tick loss if things go against me.Hope someone can help thanks.
How do I............
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JollyGreen
- Posts: 2047
- Joined: Sat Mar 21, 2009 10:06 am
Hi Keiron
Welcome to the forum.
You can set this manually if you want and if you want to do it on auto pilot then have a search through the Excel section for the Auto trade sheet.
Manually it is very easy.
Just ensure "Global Settings" is checked or in use. I would suggest the ladder is the easiest.
On the setting choose Offset Bet with greening and trailing stop. The offset is the amount of profit you are aiming for so you need to choose the number you want. Then you set the stop trigger to 4 ticks and the place stop at 4 ticks WARNING If the market flies through due to a large bet you may miss getting the stop order matched. You may wish to set the trigger stop at 1 point less then your stop order. In your case you would set stop trigger at 3 and place at 4.
That's about it, you place your opening order and then the software will manage the situation for you. If the price moves in your chosen direction Bet Angel will pull the stop along behind you. If the market then turns against you by the stop amount it will trigger the closing order to finish the trade.
The offset you ask for is a personal thing and only you can choose it.
Welcome to the forum.
You can set this manually if you want and if you want to do it on auto pilot then have a search through the Excel section for the Auto trade sheet.
Manually it is very easy.
Just ensure "Global Settings" is checked or in use. I would suggest the ladder is the easiest.
On the setting choose Offset Bet with greening and trailing stop. The offset is the amount of profit you are aiming for so you need to choose the number you want. Then you set the stop trigger to 4 ticks and the place stop at 4 ticks WARNING If the market flies through due to a large bet you may miss getting the stop order matched. You may wish to set the trigger stop at 1 point less then your stop order. In your case you would set stop trigger at 3 and place at 4.
That's about it, you place your opening order and then the software will manage the situation for you. If the price moves in your chosen direction Bet Angel will pull the stop along behind you. If the market then turns against you by the stop amount it will trigger the closing order to finish the trade.
The offset you ask for is a personal thing and only you can choose it.
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kieronhaigh
- Posts: 2
- Joined: Mon Jun 06, 2011 2:05 am
Thanks for your help .what would happen if the market didnt move either way how do i close the bet with 1hr to go what ever the price is at that time.as i dont want to leave my back bet open.
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JollyGreen
- Posts: 2047
- Joined: Sat Mar 21, 2009 10:06 am
Assuming your initial bet was matched as you placed it manually then only the closing bet would remain. I would suggest the chance the price has not moved at all is very unlikely and so either your closing profitable order would be matched or the stop would be triggered.
I know there is an auto day trade sheet somewhere on this forum and one of the excel guys would help you.
I know there is an auto day trade sheet somewhere on this forum and one of the excel guys would help you.
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JollyGreen
- Posts: 2047
- Joined: Sat Mar 21, 2009 10:06 am
The sheet is located here Auto Trade all Day
I am sure some of the excel gurus can help you achieve your aim.
I am sure some of the excel gurus can help you achieve your aim.