Stop loss on Reversed Book?

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guanomere
Posts: 10
Joined: Tue Feb 21, 2012 8:48 pm

Peter's video on the one-click stop loss shows how this is done with Force Open set to None. But can the same action be done with Force Open set to Reverse (I much prefer trading with this set-up)?

As an example, let's say, with Reverse selected, I click on the pink side at 2.22 to place a lay bet. I would now want to trade out at 2.24 on the blue side, but in case the market turns against me, I want to set a stop loss two ticks lower than my opening bet, at 2.18. I'm guessing I would need to right-click the blue side at this price ... only there is nothing currently there, and right-clicking seems to put my order through instantly, which is obviously not what I want...!

I take recognise the screen layouts are different, but there surely must be a way of carrying out the exact same instruction as I would with Force Open set to None?

As a second question, whether I use None or Reverse, would a stop loss always, ALWAYS get matched? At the point it turns into an order, I would think this is no different risk-wise to an ordinary unmatched order, i.e. a price movement, if moving quick enough, can shoot straight past you, leaving the closing stop loss untouched.
DannyDakota
Posts: 6
Joined: Thu Jul 19, 2012 10:01 am

Did you ever work out how to do this mate, as I want to do something similar?
Boing
Posts: 134
Joined: Thu Feb 23, 2012 4:06 pm

Sounds like you don't have fill or kill switched on.

You may want to read this thread: -

viewtopic.php?f=17&t=6418
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