Back or Lay at a Percentage of BSP Guardian Automation Bot

[jackrob]

Hi, i have taken the loss part out as quite a few times the horse drifted and the stop loss kicked in and then the horse steamed in but i had already finished for a loss. is this the best way to catch it steaming back in? or should the % be further apart, just trying to catch it when it bounces back. Many thanks

or is it possible to green up when the lay bet is matched and not worry about it bouncing back in?

[jackrob]

could you please tell me if I have this right? sometimes Ive been doing the same horse in the race and the lay has matched and there is is green - but then it crashes in and the back bet is placed - how do I stop it crashing back in and giving me a loss whenever it was already green and then end up with a loss

Many thanks

[casbian]

Hi Dallas

I am experimenting with this but I could do with a profit condition.
If I had a bet in play I would like to green up say £10 profit and a loss of £10.

I'm getting better understanding these but the question is do you have an extra rule for greening up or can this be done on the line when placing bets(back and lay?

All help is greatly APRECIATED...

Casbian

[Dallas]

Hi Dallas

I am experimenting with this but I could do with a profit condition.
If I had a bet in play I would like to green up say £10 profit and a loss of £10.

I'm getting better understanding these but the question is do you have an extra rule for greening up or can this be done on the line when placing bets(back and lay?

All help is greatly APRECIATED...

Casbian

You'd add another rule to do it

You can either use one 'Close trade on Selection with greening' rule, then add two 'Close Trade profit conditions' (one to test your profit is greater than 'X', the other its less than 'X'
Then nest them inside a group which specifies at least one of them must be true
https://www.betangel.com/user-guide/gro ... tions.html

Or you can use two 'Close trade on Selection with greening' rules and put a condition on each of them

[casbian]

Hi Dallas

I put them in a group thank you.

Condition 1 was profit equal to £5
Condition 2 was profit equel to £-5

Is that right?

Kind regards

Casbian

[Dallas]

Hi Dallas

I put them in a group thank you.

Condition 1 was profit equal to £5
Condition 2 was profit equel to £-5

Is that right?

Kind regards

Casbian

Nearly, it needs to be
Condition 1 was profit greater than £5
Condition 2 was profit less than £-5

[casbian]

hI

thank you.

c

[dobbs]

Hi guys, I have just read all the posts regarding the back or lay at a percentage of BSP. I am still not confident as to changing or lets say editing rules file . Just hoping that someone could guide me through how to stop a loss when all i do is lay part of the file. Its like others have said when the lay bet is taken and all of a sudden price stars to come back in and on occasions
the horse goes on to win . Just hoping someone could explain to me how i can add some rule so i can get out for a small loss.
i would be very grateful for some advise please.
Kind Regards
Dobbs

[Dallas]

Hi guys, I have just read all the posts regarding the back or lay at a percentage of BSP. I am still not confident as to changing or lets say editing rules file . Just hoping that someone could guide me through how to stop a loss when all i do is lay part of the file. Its like others have said when the lay bet is taken and all of a sudden price stars to come back in and on occasions
the horse goes on to win . Just hoping someone could explain to me how i can add some rule so i can get out for a small loss.
i would be very grateful for some advise please.
Kind Regards
Dobbs

You can do it a few ways, the easiest is to use the global settings option on the parameters tab of the rule and set a stop loss there using either ticks or percentage

However as you are going to use a stop loss in-running i'd create a rule for it with either a monetary amount or ticks or percentage the price moves against you, that way it can be armed to trigger multiple times (the global settings method allows for only one bet placement), so if the price moves really fast through it you can have the bet re-triggered at the new price

If you confirm which type of method you'd like use i'll be able to advise how to amend the file accordingly

[ShaunWhite]

Just hoping someone could explain to me how i can add some rule so i can get out for a small loss.

'small' might need to be relative to the sizes you hope to win. In-running prices are very volatile so if you set a stop that's too tight it will trigger too often and take losses on selections you'd otherwise win on.

And that's the tricky part about it, if you lay a horse at say 6.0 and set back stop at 2.0, then half of them will go on to win (aka the stop worked) but half of them will lose (and you took a loss when you would have won) . And if you set a stop at 4.0 then 25% will go on to win and 75% will lose. Ditto every price on the ladder.

A stop will prevent a total stake loss, but don't expect it to turn a losing strategy into a winning one because the stop bet just wins or loses at the rate suggested by the price at which it was matched; it neither adds to or reduces your overall pl. And in the worst case you'll be stop backing at 2.0 when the real world likelihood is less than 50% and your money management trick, the stop, is actually costing you money rather than saving any.

You might already know all that and just wanted advice about how to set it up but if not then give it some thought. Sometimes it's just better to bet smaller and then not need to worry about the stop.

[dobbs]

Thanks Shaun appreciate advise and thanks for your time. Be Lucky
Dobbs

[dobbs]

Thanks Dallas very much, i will shortly get back to you.
Kind regards
Dobbs

[dobbs]

Hi Dallas, Could you please help me with your second option please, the only thing for me is if i was to use tick increments do they not vary depending on the size of the price band?
Also when editing the rule is it correct to say that i highlight the lay side at the top and then add what i need to change?
Thanks very much
kind regards
Dobbs

[dobbs]

Hi Dallas regarding the the back or lay at a % of BSP, If you could advise me on how the amend the file accordingly, your second suggestion seems to be the best way for me with multiple triggers using ticks. I would be very grateful for your support
Kind Regards
Dobbs

[Dallas]

Hi Dallas, Could you please help me with your second option please, the only thing for me is if i was to use tick increments do they not vary depending on the size of the price band?
Also when editing the rule is it correct to say that i highlight the lay side at the top and then add what i need to change?
Thanks very much
kind regards
Dobbs

You don't need to edit any existing rules for what you want (which you would do by clicking on the rule then making the changes), by editing I meant the file
For what you want it just needs some new rules adding to it (which you do by clicking the green plus icon at the top of the rules editor)

To green up when a monetary loss is reached details of the rule type and how to set it up are in this post
viewtopic.php?t=11488

If you want to trigger a stop bet at a number of ticks the first you need to add a 'Set/Modify Stored value' applied to guardian nominated 2, armed to trigger once, you can use the same arm time as the current back/lay bet rules
Then on the conditions tab add a 'Number of Matched bet condition' on selection is greater than 0
Finally go onto the Stored value tab and create a stored value (with any name of your choice)
with 'Matched bet information of Selection'
The Price
Of the most recently matched lay bet

In the adjustments area below that use 'Minus' and enter the number of ticks you want your stop to trigger at


Then you need a 'Close Trade on Selection with Greening' rule, applied to Guardian nominated 2 armed to trigger 3 times re arming every 2 seconds, also using the same arm times
Then on the conditions tab add a 'Stored Value' condition to test
Selections back price
is less than
another stored value named (whatever you called it in the previous rule)

and that will do it