How to avoid backing a faller in-running

[MIYAGI52]

Hi, I wish to automate backing a horse when it drifts in-play and reaches a certain price. If I ask for the bet as soon as the race goes in-play I am subject to the price matching if there is a faller.
So I have automated:
Place a back bet
-conditions last traded price is greater than SP plus 20 ticks
and last traded price is less than SP plus 40 ticks

Will this avoid backing a horse if it falls? I'm assuming the price will have shot past these parameters.
Or is there a better way?

[LinusP]

Turn off best price execution.

[MemphisFlash]

how can you predict a horse will or will not fall. Impossible.
Just accept at some point you will have losers.

[MIYAGI52]

I am only trying to make sure the initial automated back bet doesn't get placed after a horse has fallen. I know that once my bet has been taken anything can happen.

[jamesedwards]

The last traded price of a faller will likely curve very quickly from current odds to 1000. It won't go straight from current odds to 1000.

So you would need to check prices in two separate steps. eg;
1) current price is above your set threshold
2) a second or so later, check that the price is lower than 1000.

Then place your bet.

[MIYAGI52]

Excellent idea, thank you.

[ShaunWhite]

Hi, I wish to automate backing a horse when it drifts in-play and reaches a certain price. If I ask for the bet as soon as the race goes in-play I am subject to the price matching if there is a faller.
So I have automated:
Place a back bet
-conditions last traded price is greater than SP plus 20 ticks
and last traded price is less than SP plus 40 ticks

Will this avoid backing a horse if it falls? I'm assuming the price will have shot past these parameters.
Or is there a better way?

If the price has massively drifted then your 2nd condition (ltp<sp +40) should stop it being placed.

[ShaunWhite]

The last traded price of a faller will likely curve very quickly from current odds to 1000. It won't go straight from current odds to 1000.

So you would need to check prices in two separate steps. eg;
1) current price is above your set threshold
2) a second or so later, check that the price is lower than 1000.

Then place your bet.

2) and that the price > threshold still.

[MIYAGI52]

Thank you. I've set a signal when the first threshold is met but wondered how I can check another threshold 2 seconds later.
ie signal set when price in-running is 20 ticks above SP how do I delay the next check that the price is 40ticks below SP or not trading at 1000?

[Alpha322]

This is a Gamble rather than a Trade to be honest, may as well back the horse or just lay it majority on here really i would imagine Back & Lay pre off the Hedge or use automation to Green Up

[ANGELS15]

It may occasionally go in your favour when a horse makes a horrific blunder and either nearly comes down or the jockey appears to be going out the side door only to recover. Some people have been matched at big odds and the horse has managed to recover and win.

[MIYAGI52]

Thanks for your replies. I'm just trying to find the technical way of automating that when a signal is triggered the method to delay my next action rule by say 2s so that the rule doesn't trigger instantly.
Can i use FIRST RULE TO TRIGGER?

[jamesedwards]

Thanks for your replies. I'm just trying to find the technical way of automating that when a signal is triggered the method to delay my next action rule by say 2s so that the rule doesn't trigger instantly.
Can i use FIRST RULE TO TRIGGER?

There's lots of ways to do this.

Personally I prefer to add the creation of a stored value x =1 to the first trigger, then add conditions to the second trigger that the stored value x = 1 and has NOT changed in the last 2 seconds.

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[MIYAGI52]

Thank you. Really helpful. Enjoy your day.