Hi guys very new here
I am struggling to sort up this basic 2 automation can anyone help please
Automation Rule for Back Bet:
Rule Type: Place Back Bet
Conditions:
The price has decreased by 5 ticks in the last 10 minutes.
Volume is above a specified threshold.
Price is breaking above a predefined resistance level.
Actions:
Place a back bet at the current market price.
Set a stop loss 3 ticks below the entry price.
Set a take profit 5 ticks above the entry price.
B. Laying a Horse (Downtrend)
Entry Criteria:
The horse’s price has increased steadily by at least 5 ticks in the last 10 minutes.
The trading volume is increasing, confirming the trend.
The price breaks below a support level.
Automation Rule for Lay Bet:
Rule Type: Place Lay Bet
Conditions:
The price has increased by 5 ticks in the last 10 minutes.
Volume is above a specified threshold.
Price is breaking below a predefined support level.
Actions:
Place a lay bet at the current market price.
Set a stop loss 3 ticks above the entry price.
Set a take profit 5 ticks below the entry price.
Help with my Automation
You'll need to be more specfic with some of what you are asking for.
For example;
>>Price is breaking a predefined support/resistance level.
How exactly are you defining this?
>>The horse’s price has increased steadily by at least 5 ticks in the last 10 minutes.
What is 'Steadily'?
ie, is it able to pull back at all during this time or does it need to be a continuous trend
What if it gets there steadily in 2 mins then pulls back (possibly several times) before ending up 5 or more ticks in those 10 mins?
>>The trading volume is increasing, confirming the trend.
How is this being defined?
Activity will increase generally anyway as it approaches the start time, so are you looking for an increase of a specific amounts during a period of time, a relative increase in volume, an increase in overall percentage share of the volume
This example shows one way of defining the first point I mentioned above
viewtopic.php?p=189774
For example;
>>Price is breaking a predefined support/resistance level.
How exactly are you defining this?
>>The horse’s price has increased steadily by at least 5 ticks in the last 10 minutes.
What is 'Steadily'?
ie, is it able to pull back at all during this time or does it need to be a continuous trend
What if it gets there steadily in 2 mins then pulls back (possibly several times) before ending up 5 or more ticks in those 10 mins?
>>The trading volume is increasing, confirming the trend.
How is this being defined?
Activity will increase generally anyway as it approaches the start time, so are you looking for an increase of a specific amounts during a period of time, a relative increase in volume, an increase in overall percentage share of the volume
This example shows one way of defining the first point I mentioned above
viewtopic.php?p=189774
Well, as OP perished maybe this worked....Dallas wrote: ↑Wed Jun 26, 2024 10:16 amYou'll need to be more specfic with some of what you are asking for.
For example;
>>Price is breaking a predefined support/resistance level.
How exactly are you defining this?
>>The horse’s price has increased steadily by at least 5 ticks in the last 10 minutes.
What is 'Steadily'?
ie, is it able to pull back at all during this time or does it need to be a continuous trend
What if it gets there steadily in 2 mins then pulls back (possibly several times) before ending up 5 or more ticks in those 10 mins?
>>The trading volume is increasing, confirming the trend.
How is this being defined?
Activity will increase generally anyway as it approaches the start time, so are you looking for an increase of a specific amounts during a period of time, a relative increase in volume, an increase in overall percentage share of the volume
This example shows one way of defining the first point I mentioned above
viewtopic.php?p=189774