https://www.youtube.com/watch?v=i0tzkuq ... 7pWMlyV4p-
1. **Introduction (00:00 - 01:08)**: The presenter begins by acknowledging that Betfair trading can seem complicated due to the many factors to consider, such as predicting the direction of the market, deciding when to open a trade, and whether to back or lay first. He then introduces the strategy he will discuss, which he claims is simple to understand and execute, and doesn't require guessing the market direction.
2. **Setting Up the Ladder Trading Interface (01:08 - 03:37)**: The presenter demonstrates how to set up the ladder trading interface on Bet Angel to facilitate the strategy. He adds the 'estimated position in queue' feature, changes the traded volume to a percentage, and adjusts the back and lay columns to show every cell with money available. This setup helps to highlight gaps in the market and identify areas with small amounts of money.
3. **Executing the Strategy (03:37 - 07:22)**: The presenter puts the strategy into action in a live market. He places a closing order at a price point where there's very little money already in the market, which puts him near the front of the queue. As the market price moves towards his closing order, he places an opening trade. The aim is to get both the opening and closing trades matched quickly, minimizing risk. He repeats this process a few times, each time making a profit.
4. **Summary (07:22 - End)**: The presenter concludes by reiterating the simplicity and effectiveness of the strategy. He acknowledges that there's still a risk involved and that traders may occasionally get into the market too early and see the price reverse. However, he assures viewers that with practice, they can improve their execution of this strategy. He also hints at additional features in Bet Angel that can further facilitate this strategy, promising to cover them in a future video.
The strategy discussed in the video is essentially a form of queue trading. It involves placing a closing order at a price point with little money, which puts the trader near the front of the queue. As the market price moves towards this closing order, the trader places an opening trade. The aim is to get both trades matched quickly, minimizing risk. This strategy does not require predicting the market direction, making it relatively simple to execute.
"can you be a little bit more detailed please"
Absolutely, let's delve deeper into the video:
1. **Introduction (00:00 - 01:08)**: The presenter, Peter Webb, begins by acknowledging the complexity of Betfair trading. He mentions the numerous factors that a trader has to consider, such as predicting the direction of the market, deciding the right time to open a trade, and whether to back or lay first. He then introduces the trading strategy he will discuss in the video, which he claims is simple to understand and execute, and doesn't require guessing the market direction.
2. **Setting Up the Ladder Trading Interface (01:08 - 03:37)**: Peter demonstrates how to set up the ladder trading interface on Bet Angel to facilitate the strategy. He does the following:
- Adds the 'estimated position in queue' feature: This feature shows the trader's position in the queue for a particular price point. It helps the trader understand how close they are to having their order matched.
- Changes the traded volume to a percentage: This allows the trader to see the volume of trades as a percentage, which can provide a clearer view of market activity.
- Adjusts the back and lay columns to show every cell with money available: This highlights the price points where there are pending orders in the market. It helps the trader identify gaps in the market and areas with small amounts of money.
This setup helps to highlight gaps in the market and identify areas with small amounts of money, which are key to executing the strategy.
3. **Executing the Strategy (03:37 - 07:22)**: Peter puts the strategy into action in a live market. Here's a step-by-step breakdown of his actions:
- He identifies a price point where there's very little money already in the market and places a closing order there. This puts him near the front of the queue, increasing the likelihood of his order being matched quickly.
- As the market price moves towards his closing order, he places an opening trade. The aim is to get both the opening and closing trades matched quickly, which would complete a successful trade and minimize risk.
- He repeats this process a few times, each time making a profit. He does this without predicting the market direction, simply reacting to the market's movement towards his closing order.
4. **Summary (07:22 - End)**: Peter concludes by reiterating the simplicity and effectiveness of the strategy. He acknowledges that there's still a risk involved and that traders may occasionally get into the market too early and see the price reverse. However, he assures viewers that with practice, they can improve their execution of this strategy. He also hints at additional features in Bet Angel that can further facilitate this strategy, promising to cover them in a future video.
In essence, the strategy discussed in the video is a form of queue trading. It involves identifying gaps in the market, placing a closing order at a price point with little money, and then placing an opening trade as the market price moves towards the closing order. The aim is to get both trades matched quickly, minimizing risk. This strategy does not require predicting the market direction, making it relatively simple to execute.
what is a "recursive intelligent language"? 
