Hi everyone loving the forum!
First time posting, hope it is in the right area, I have a bit of an issue I would like some clarity on if possible.
I am trying to set up a simple trading method where I achieve a 50% strike rate laying for 2 to 3 tick profit with a smaller loss.
e.g Achieve a 50% Strike rate with a method that achieves this...
Win 2 ticks Lose 1 | Offset bet and stop | | Offset 2 ticks | | Stop trigger ticks 0 | | Place at (ticks) 1| ]
Win 4 ticks lose 2 | Offset bet and stop | | Offset 4 ticks | | Stop trigger ticks 1 | | Place at (ticks) 2| ]
I am reversing the book also
The issue
I am pretty much getting 100% loss rate (stopped out always) even when the move is correct. i.e it went up and didn't appear to bounce any lower.
When I slow down the screen recordings, and see the log, it shows that my stop is placed and (instantly I am stopped out but the odds don't appear to have moved lower, and there is still money waiting in the boxes above my stop. How come I am being stopped out instantly?
My thoughts were, my refresh rate is 200ms and big bets rip through too quick for the human eye to see? Thus it has actually eaten my exit stake but I am just unable to see it?
Or is it something else? Manipulation? My set up is wrong?
I am happy to see that I have got it wrong, but it seems to look as though nothing happened but it moved 1 tick then I am stopped out.
Any advice/articles etc on this would be greatly appreciated.
Thank you
Adam
Stop Loss Problems lol
Are you taking a price with your opening bets while there is a gap between the spread?
For example if backing on the ladder below by taking the best back price of 32.0 and using a 2 tick stop loss / place at 3 ticks
As soon as your back bet is placed because the best exit price is effectively is 3 ticks away at 38 it will cause your stop be to be triggered
If thats not whats happening if you take a screenshot of your ladder just as you placed the bet then send that and the copy of the Bet Angel log it should be easy enough to explain whats happening and how to avoid it
For example if backing on the ladder below by taking the best back price of 32.0 and using a 2 tick stop loss / place at 3 ticks
As soon as your back bet is placed because the best exit price is effectively is 3 ticks away at 38 it will cause your stop be to be triggered
If thats not whats happening if you take a screenshot of your ladder just as you placed the bet then send that and the copy of the Bet Angel log it should be easy enough to explain whats happening and how to avoid it
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Thank you for the advice Dallas.
No unfortunatly it was when the spread had money available at the back and lay prices. I have changed it to get it working similar to how I want, but it would still be good to get some advice so I will get a screen shot sorted in the coming days.
cheers bud
No unfortunatly it was when the spread had money available at the back and lay prices. I have changed it to get it working similar to how I want, but it would still be good to get some advice so I will get a screen shot sorted in the coming days.
cheers bud