Stop loss rules

[steevjp]

I have set up a rule file, there is a back rule, and a keep all unmatched bets when I go in play rule. Testing with some small amount this seems to be working OK.

I was now thinking of adding a stop loss. Now this may be difficult as I am only using £1.00 back bets at the moment, but as that number increases it will become more valid.

I know Betfair works in ticks and I know that those ticks differ depending on odd, but this is roughly what I want to do,

after my current rules kick in, if the selected odds are going the wrong way that I trade out at a stop loss that will lose roughly half the initial stake, in this case 0.50p

After a quick search, I found a table of the various ticks (unsure if this is exact)

2.0–3.0 = 80–100 ticks
3.0–5.0 = 50–70 ticks
5.0–10.0 = 10–30 ticks
10.0+ = 5–10 ticks

So lets say for example that I back a horse for £1 at odds of 3, how to do I create a rule that does the stop loss at 50 ticks in play, so it will trade out for a 50% loss

2nd question
Because it is all automated, can I add all the rules under 1 files, ie odds greater than 2 but less than 3. Then greater than 3 but less than 5 for example

I am not sure if 50% loss it the way to go, or less or more, but just looking for a way to protect some of the bank whilst not backing out of the trade too early.

[Dallas]

After a quick search, I found a table of the various ticks (unsure if this is exact)

2.0–3.0 = 80–100 ticks
3.0–5.0 = 50–70 ticks
5.0–10.0 = 10–30 ticks
10.0+ = 5–10 ticks

So lets say for example that I back a horse for £1 at odds of 3, how to do I create a rule that does the stop loss at 50 ticks in play, so it will trade out for a 50% loss

Ticks don't equal a single percentage, there are over 300 ticks between 1.01 and 1000 and as you've pointed out they have vastly different increments throughout that range

So if you want to use a number of ticks they won't ever correlate to a fixed percentage

The easiest way of triggering a stop if using the same fixed stake for your bets is to add a 'Close Trade Profit Condition' to a 'Close Trade on Selection with Greening rule' to specify the profit is less than -0.50
https://www.betangel.com/user-guide/clo ... rofit.html

2nd question
Because it is all automated, can I add all the rules under 1 files, ie odds greater than 2 but less than 3. Then greater than 3 but less than 5 for example

I am not sure if 50% loss it the way to go, or less or more, but just looking for a way to protect some of the bank whilst not backing out of the trade too early.

Yes, you can add several 'Close trade on Selection with greening' rules each with there own conditions
Or you can use one rule and nest the conditions within groups on that rule
https://www.betangel.com/user-guide/gro ... tions.html

[steevjp]

OK, something hasnt gone so right,

I added this KEEP rule - https://gyazo.com/85265921e409c9f90b2ea7d0b60bbf70

with this condition - https://gyazo.com/8bf299cea7485798c54e63106b0011a5

and almost immediately the selection i made reflected minus 0.80p and every other horse was £0. not sure what i did wrong here? maybe the timings?

[Dallas]

OK, something hasnt gone so right,

I added this KEEP rule - https://gyazo.com/85265921e409c9f90b2ea7d0b60bbf70

with this condition - https://gyazo.com/8bf299cea7485798c54e63106b0011a5

and almost immediately the selection i made reflected minus 0.80p and every other horse was £0. not sure what i did wrong here? maybe the timings?

You've missed the minus figure from the 0.50 value in your condition
Its should be -0.50

Unless your £1 bet/trade had moved to more than 50p in profit at the time the race went in play the rule would trigger

I'd also suggest arming the rule from about 3-5secs after it goes in-play, this will avoid false triggers when all the bets that are not kept are cancelled at the off.
Arming it 3-5secs after going in-play allows the market to reform again

[steevjp]

schoolboy error, lol, thanks