Hi,
I'm new to the automation side of Bet Angel and hoping someone might be able to help me with a problem I'm facing with limiting losses on automated trades.
I've got an automation that places a lay bet on a football match, then based on a stored value indicating that a goal has been scored places a back bet. The back bet part of the automation waits 60 seconds post market suspension to allow the market to reform before placing the back bet at the best odds available.
To manage loses where a goal hasn't been scored, I also have a rule that triggers when the greening is at negative 50% of my initial lay stake. This is where I'm having issues. The loss rule often triggers when there is a goal before my back bet is placed.
For example, in this log the goal went in but the game didn't go suspended for a few minutes, during the few minutes the back odds dropped as people pulled out of the market which triggered the loss rule. The game then finally went suspended and the back odds increased as you would expect but the loss rule had already triggered and therefore I missed the opportunity to take the profit.
Is there a better way and more reliable way of setting up a rule that can limit the loss with out false triggering?
Thanks
Tim
Loss limitation techniques
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jamesedwards
- Posts: 5209
- Joined: Wed Nov 21, 2018 6:16 pm
I appreciate this isn't the answer you're looking for, but why not just place half your stake and let it ride? On average you're losing by the cost of the spread every time you enter or exit the market so best keep these to an absolute minimum anyway.
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jamesedwards
- Posts: 5209
- Joined: Wed Nov 21, 2018 6:16 pm
If you only want to risk half your lay stake by greening out, then if you just start off with half your lay stake and let it ride then you achieve the same result. But without the complication, and without the negative expected value from your exit trade.