Cancelling all remaining bets after a win.

[goldfinch77]

Well at last I have found something that works in live mode, however,

My strat is pre off on the Greyhounds, I know how to store my balance as an SV.

Is there anyway I can set a rule that will stop all further bets (for the day) if my balance hits a certain profit that I would set each day ?

Andy help would be appreciated.

[Derek27]

Well at last I have found something that works in live mode, however,

My strat is pre off on the Greyhounds, I know how to store my balance as an SV.

Is there anyway I can set a rule that will stop all further bets (for the day) if my balance hits a certain profit that I would set each day ?

Andy help would be appreciated.

You found something that works so you want to stop trading?

[goldfinch77]

Yes, If I have made my profit, I would like to stop that days trading, I would not want to risk looses that may occour

[jamesedwards]

Yes, If I have made my profit, I would like to stop that days trading, I would not want to risk looses that may occour

But this makes no sense. Either your automation is profitable or it isn't. If it is profitable then why would you ever stop it? If it's not profitable and losses are likely then why would you ever start it?

In answer to your question then if you have stored your balance as a stored value then you can just use a condition in your automation rule that says your stored value must be < X for it to trigger.

[goldfinch77]

OK, I will try and explain it a different way.

Each morning I load up all the dog races, I then apply my automation to every race, the conditions to trigger a 2 pair Dutch bet are very tight.

As the day prgresses most won't trigger but when they do the majority win, obviously some don't.

What I am trying to do is stop when the winnings reach my target by cancelling all the existing future bets, incase I get a loser.

I would like the above to happen when my balance is what it started as + my target.
So say my balance at the start of the day is £100, if/when my balance is greater than £140 then I want to stop all future bets for that day.

[goldfinch77]

I should also add that I am not at my PC until the early evening, this is why I am using (or trying to) use automation.

[jamesedwards]

OK, I will try and explain it a different way.

Each morning I load up all the dog races, I then apply my automation to every race, the conditions to trigger a 2 pair Dutch bet are very tight.

As the day prgresses most won't trigger but when they do the majority win, obviously some don't.

What I am trying to do is stop when the winnings reach my target by cancelling all the existing future bets, incase I get a loser.

I would like the above to happen when my balance is what it started as + my target.
So say my balance at the start of the day is £100, if/when my balance is greater than £140 then I want to stop all future bets for that day.

We understand. The point is that if you have an automation with a positive edge then the more times you can run it the better and the more you can milk your edge while it lasts. If you found a casino paying 40/1 on a single roulette number you wouldn't stop playing as soon as you were in profit, you'd keep playing until you dropped!

if you have stored your balance as a stored value then you can just use a condition in your automation rule that says your stored value must be < X for it to trigger.

[ANGELS15]

Yes, If I have made my profit, I would like to stop that days trading, I would not want to risk looses that may occour

Like you I have dog automation that I set up each day. The automation looks at the markets for each race and fires if certain conditions are met. Some days it may only fire once or twice, other days maybe 1/2 dozen times and many days not at all. It is profitable however. On occasions I may be successful 4 out of 6 races, 3 out of 3 or 1 out of 4. However over time the automation has proven profitable.

I've never understood the stop at a profit philosophy. For all you know if you continued through the card you may have had several more successes that day and the next day you may have a few losses? or indeed a couple of days with losses? That is the nature of trading, also accepting that some of your trades will lose but you expect to win long term.

[Derek27]

OK, I will try and explain it a different way.

Each morning I load up all the dog races, I then apply my automation to every race, the conditions to trigger a 2 pair Dutch bet are very tight.

As the day prgresses most won't trigger but when they do the majority win, obviously some don't.

What I am trying to do is stop when the winnings reach my target by cancelling all the existing future bets, incase I get a loser.

I would like the above to happen when my balance is what it started as + my target.
So say my balance at the start of the day is £100, if/when my balance is greater than £140 then I want to stop all future bets for that day.

This is a very old psychological problem and there have been many similar threads on this forum.

If you increase your balance from £100 to £140 and you're worried about losing the £40 profit that day, why would you trade the next day and not worry about losing it?

I realise it's frustrating winning money and then losing it by the end of the day. It's less frustrating, and possibly even satisfying, losing money and winning it back by the end of the day. But logically and mathematically, it's exactly the same thing. If you have profitable automation it makes sense to apply it to as many opportunities as possible.

[goldfinch77]

OK, thanks to all for your thoughts and yes you are right, I slept on it and realised that profit will come in the long term, so I will just let it run and see what happens.

Just wondering when to take profit though ?

Andy

[ShaunWhite]

Just wondering when to take profit though ?

Do you mean when to withdraw your profits? Given the recent concerns about deposits/withdrawals triggering affordability checks then as infrequently as possible, but your profits will certainly be made of good days and bad days so to be realistic maybe take out half your profits on a weekly basis and the rest monthly.

I'm glad you've seen reason, stopping when you're ahead but carrying on while you're losing was never going to end well.