How can I place a Stop at 2x BSP after Back Bet?

[gstar1975]

I would like to place a bet shortly before the off on any horse less than say 4.50 at 0mins to post using liability stakes to win say £10. Once the bet has been placed I would like to have automation to Hedge/Red out for a loss if price hits the BSP x1.5. For example if the BSP is 2.0 then multiply that by x1.5 to get 3.0 so when price hits 3.0 take a loss hedge/red out or set it to just below to trigger then hedge out at whatever is available.

I know I have to store the price of any horse under 4.50 let say store horses priced between 2.0 - 4.5 at 0mins to post, then redirect those stored prices to then go through the 2nd process of multiplication of 1.5 to get the price, but how do I then use that stored value to trigger at stop?

[ShaunWhite]

The easy way is to use a loss £ relative to your matched liability rather than the price it was matched at. It's the same anyway, when prices halve then returns double, and visa versa.

[gstar1975]

The easy way is to use a loss £ relative to your matched liability rather than the price it was matched at. It's the same anyway, when prices halve then returns double, and visa versa.

Got it thanks.

[gstar1975]

The easy way is to use a loss £ relative to your matched liability rather than the price it was matched at. It's the same anyway, when prices halve then returns double, and visa versa.

But if I am using Liability stakes from prices 2.0 - 4.5 back entry and stop at between 3.0 and 6.8 My losses vary for example using £100 back liability stakes the stake at 2.0 is £100 and the stake at 4.5 is £28.57 and the losses when hedging at those prices are 2.0 exit at 4.5 is -£33.33 and entry at 4.5 and exit at 6.8 is -£9.66

So using that method is not going to work.

[gstar1975]

So according to my calculations a stop at 1.5x the entry price between 2.0 and 4.5 the stop would be placed at around where the loss is equal to around 33% of initial stake. So is it possible to place a stop at a point where the loss is around 33% of stake on an entry Back bet?

For example:

If you placed a liability back bet of £100 at 2.0 then 2.0 x1.5 is 3.0 stake would be £100 at 2.0 the Loss would be -£33.33 (-33.33%) if hedged at 3.0
If you placed a liability back bet of £100 at 4.5 then 4.5 x1.5 is 6.8 stake would be £28.57 at 4.5 the Loss would be -£9.66 (-33.8%) if hedged at 6.8

[Dallas]

The easiest way is to use a 'Close trade on selection with greening rule'
add a Stored Value condition to test
Selections lay price
is greater than
Selections actual SP
plus 100% (if you want it double the SP, or if not whatever percentage you want to use)

[gstar1975]

The easiest way is to use a 'Close trade on selection with greening rule'
add a Stored Value condition to test
Selections lay price
is greater than
Selections actual SP
plus 100% (if you want it double the SP, or if not whatever percentage you want to use)

I tried that today and some of the ones that triggered the stop didn't hedge. Is there a way to trigger unlimited hedges after it triggers to make sure it hedges?

[Dallas]

The easiest way is to use a 'Close trade on selection with greening rule'
add a Stored Value condition to test
Selections lay price
is greater than
Selections actual SP
plus 100% (if you want it double the SP, or if not whatever percentage you want to use)

I tried that today and some of the ones that triggered the stop didn't hedge. Is there a way to trigger unlimited hedges after it triggers to make sure it hedges?

Just arm the rule to trigger more times, and as its in-play remember to tick the 'Add markets betting delay' box
On the parameters tab you ca also have the bet placed at custom ticks above the best reverse price

That would increase the chances of being matched but obviously there's never a guarantee if the odds fly out to fast

[jtrader]

So according to my calculations a stop at 1.5x the entry price between 2.0 and 4.5 the stop would be placed at around where the loss is equal to around 33% of initial stake. So is it possible to place a stop at a point where the loss is around 33% of stake on an entry Back bet?

For example:

If you placed a liability back bet of £100 at 2.0 then 2.0 x1.5 is 3.0 stake would be £100 at 2.0 the Loss would be -£33.33 (-33.33%) if hedged at 3.0
If you placed a liability back bet of £100 at 4.5 then 4.5 x1.5 is 6.8 stake would be £28.57 at 4.5 the Loss would be -£9.66 (-33.8%) if hedged at 6.8

You could try that .baf ,but it seems don't trigger sometimes as I've ran it

BACKANY2-4.5.baf

You could change your stake by liability from "LIABILITY" rule and "ODDSchangingODDS" rule is odds by how much you wish to change your backed price - by 0.5, 0.7, 1.3, 1.5, 2 and etc.In the example LIABILITY is 10,and odds changing odds is 1.5.