Practical advice of stop losses for Dutching

[Gcampb]

Hi all

Hope you dont mind the post.
I am wondering what the most practical approach is here using betangel. I have a pretty solid dutching strategy that is breakeven . What turns it profitable is minimising full loss of stakes and Its hit and miss with regards to my sloppy manual exectution and quite frustrating really

I am now looking to approach it differently and instead of manually trading out in play, I want to set stop losses at a certain position for each selection, so that if they drift I automatically close the position...

Just looking through Peter's videos in the academy and the user guide. I was hoping for some practical advice. Am I correct in saying that the global settings would. not trigger if im using the dutching tool? It was suggested that I use offset bet at the % I wanted - but I dont think I can use this global setting in conjunction with the dutching screen? (I didnt actually realise you could set the offset bet to act as a stop loss either, I aways assumed if I was backing, the offset could only be set at a lower price than entry)

If I were to use the ladder screen and the right click stop loss function, am I right in thinking that if these are set pre off, they do not persist into the off? So I would have to set these in play?

Also with regard to the stop loss function, the guide is good, but I want to understand how this works live. So the stop loss is set, if the price moves to stop loss, betangel will trigger and calculate and set a lay bet. Is this done at the best available price or at the stop loss price and how does it work if an order is not filled?

Appreciate any advice - posted here in the newbies thread and did try to find some old posts, but couldn't quite see the answers I was looking for - thanks all.

[rosecruz]

Perhaps learn to read races in-play... or you could sign up to TPD and start collecting live data, which you can then cross-reference with your model's selections so you can eventually automate exit points based on live data values. Some races favour front-runners, some favour horses in the middle of the pack, and in some, position makes no difference. If you study that, you might be able to make quick decisions in-play as soon as the pack forms.

Yesterday evening we saw a few races where fancied favourites ridden by Rossa Ryan and Oisin Murphy sat at the back of the pack. Look at your data and see what happened. This doesn't mean it will always play out the same way, BUT if you know these sorts of things, you can avoid certain situations and seek out more favourable ones.

I still get it wrong more often than I get it right, but the further I go down these rabbit holes, the more selective I become — and at least when I do get involved, I have a reason for it (whether I'm right or wrong). Dutching selections just because the model says so, and then trying to find the exact exit point in-play without reading the race or having live data... I don't know, it just seems very difficult.