Hello all
I've had a scan through the automation files but can't find anything to get me started. Also having a bit of brain freeze so thought I'd put a question on here and see if anyone can help.
I'm working on a strategy to trade potential steamers as follows
Place a back bet on a horse which I believe will shorten in odds first thing in the morning eg £10 at 10/1
Shortly before post time, place a lay bet removing 75% of the liability.
Back bet £10 at 11.0 - profit if wins £100
75% of £100 is £75 - place lay bet using liability of £75 if selection has shortened to 5/1 (6.0) this would be a lay bet of £15
If horse wins, profit is £100 - 75 = £25
If horse loses, profit is £15-10 = £5
If horse drifts in price rather than shortens then I also want to manage my exit position for eg 25-50% loss of initial stake
I'm not sure how to set the liability of the lay bet to be 75% of the initial back bet ie stake x odds - how do I get Guardian to store the information of what's been matched so that I can achieve this.
I hope this makes sense. If there is already a file that does something like this, I'm very happy to take a look at it and see if I can make it fit my idea
Thanks in advance
Steve
Using back price and stake to set offset liability bet
Advanced automation available in Guardian - Chat with others and share files here.
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