No matter which way I use your examples guys, I seem to be having intermittent results when trying to have part of a rule exit my trade for either a determined loss, a percentage, or a number of ticks.
I can program in VBA within Excel and am slightly embarrassed why I can't get my head around this in BA.
All I want to do is, having placed a back bet, get out of the trade automatically if the trade is going against me. I want to use a similar bot for backing the home team, overs / unders, and BTTS. I use specific amounts and know how much I want to get out for on each.
For example, if I place a back bet for £40, I want to get out of the trade for a loss no bigger than -£25. No matter what I try I am getting strange results. I went to one game on Saturday and the loss was -£32.
Can you help by giving me a guaranteed automatic way of my trade exiting for a loss of -£25?????
Exit my trade for determined loss
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ShaunWhite
- Posts: 10570
- Joined: Sat Sep 03, 2016 3:42 am
There's no way to guarentee that there'll be any amount of money waiting at any given price at any given time. It's the biggest consideration when going from an idealised world of Excel to implementing it in the real world.
tbh Welsh, offering lousy odds to people who'll take a stop at almost any price is bread and butter trading for a lot of people. Make sure the PL on your stop bets is profitable first before being too keen to close out.
The process of setting the rule up to do this is very easy
viewtopic.php?f=47&t=11488
But as Shaun says there is no guarantee there will be money available at a given price, or how far a price might suddenly jump
ie, if its currently 2.6 and 6.0 represents were you'd lose £25 at, a horse could stumble and its price might go straight out to 15.0, at which point the software will still trigger the bet at the best price as your loss is now more than -£25 but it might mean taking an actual loss of more
viewtopic.php?f=47&t=11488
But as Shaun says there is no guarantee there will be money available at a given price, or how far a price might suddenly jump
ie, if its currently 2.6 and 6.0 represents were you'd lose £25 at, a horse could stumble and its price might go straight out to 15.0, at which point the software will still trigger the bet at the best price as your loss is now more than -£25 but it might mean taking an actual loss of more
Thanks lads, you're diamonds.
I understand what you're both saying about availability of money to cash out and the value of doing so. I'm still learning using BA, and on a weekend day I can sometimes have 30+ football trades on the go from Backing the home team, over 1.5, over 2.5, u3.5 and BTTS.
These trades are not put on via a hunch. I have a dedicated spreadsheet that looks at the last 6 results for home and away teams and informs me of what might be good trades for each of those types I have included above. I also use filters from BTC software, and I am rigidly strict with the filters.
Even after using my filters, sometimes the odds are not value enough to go with the trades which is why I use the Fixed odds condition rule in most of my automations.
I did make nearly £4k last year doing this but it was very time consuming and risky in checking the current situation of all the games I was trading using a combination of Flash score, Betfair and the good old football score show on Sky.
When I joined BA and saw the opportunity of exiting trades using automation, I got a bit excited but clearly a bit ahead of myself. Using your kind advice, I will plough on using BA automation where appropriate.
I understand what you're both saying about availability of money to cash out and the value of doing so. I'm still learning using BA, and on a weekend day I can sometimes have 30+ football trades on the go from Backing the home team, over 1.5, over 2.5, u3.5 and BTTS.
These trades are not put on via a hunch. I have a dedicated spreadsheet that looks at the last 6 results for home and away teams and informs me of what might be good trades for each of those types I have included above. I also use filters from BTC software, and I am rigidly strict with the filters.
Even after using my filters, sometimes the odds are not value enough to go with the trades which is why I use the Fixed odds condition rule in most of my automations.
I did make nearly £4k last year doing this but it was very time consuming and risky in checking the current situation of all the games I was trading using a combination of Flash score, Betfair and the good old football score show on Sky.
When I joined BA and saw the opportunity of exiting trades using automation, I got a bit excited but clearly a bit ahead of myself. Using your kind advice, I will plough on using BA automation where appropriate.
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ShaunWhite
- Posts: 10570
- Joined: Sat Sep 03, 2016 3:42 am
Automation is excellent for executing your plan, and it'll do it much faster than you ever could especially over many simultaneous markets. The issue is just its lack of your subjectivity, and accepting that on some of your 100s of markets its going to do some less than ideal things. That's automaton in general, you're trading your grey matter for the ability to operate at scale.
Are you betting in play?WelshMage wrote: ↑Mon Oct 24, 2022 8:19 pmNo matter which way I use your examples guys, I seem to be having intermittent results when trying to have part of a rule exit my trade for either a determined loss, a percentage, or a number of ticks.
I can program in VBA within Excel and am slightly embarrassed why I can't get my head around this in BA.
All I want to do is, having placed a back bet, get out of the trade automatically if the trade is going against me. I want to use a similar bot for backing the home team, overs / unders, and BTTS. I use specific amounts and know how much I want to get out for on each.
For example, if I place a back bet for £40, I want to get out of the trade for a loss no bigger than -£25. No matter what I try I am getting strange results. I went to one game on Saturday and the loss was -£32.
Can you help by giving me a guaranteed automatic way of my trade exiting for a loss of -£25?????
Thanks guys
I inserted an Unsuspended time condition rule of 120 seconds before the Green all selections rule. I picked a load of Champions League games of varying markets which suited my automation and ran everything in PRACTISE mode.
You were correct guys, not that I doubted you. As there is a lot of liquidity in CL games, the Green all selections rule worked just as I wanted (if the trade was going against me, it exited for around a 70% loss). It seemed to work on every trade where it needed to which is good news. As you point out, it might not always work perfectly on markets with less liquidity; I see that now.
As I said, I picked loads of markets and ran everything in PRACTISE mode, the irony was, loads of my trades won! I would have made nearly £200 if I had run these bets in live mode. Ha ha, always the way.
Thanks ever so much guys for all the advice.
I inserted an Unsuspended time condition rule of 120 seconds before the Green all selections rule. I picked a load of Champions League games of varying markets which suited my automation and ran everything in PRACTISE mode.
You were correct guys, not that I doubted you. As there is a lot of liquidity in CL games, the Green all selections rule worked just as I wanted (if the trade was going against me, it exited for around a 70% loss). It seemed to work on every trade where it needed to which is good news. As you point out, it might not always work perfectly on markets with less liquidity; I see that now.
As I said, I picked loads of markets and ran everything in PRACTISE mode, the irony was, loads of my trades won! I would have made nearly £200 if I had run these bets in live mode. Ha ha, always the way.
Thanks ever so much guys for all the advice.