(See image).
Is there a way to place these type of (limit) orders using Bet Angel or do I just have to sit and wait and see if the price actually goes where I expect. (It didn't this time, so I didn't enter at all in the end.)
Putting "limit" orders in the market, out of the money
Today I wanted to place a back order at 3.15 when the market was trading around 3.5. I only wanted to back the market if it dropped past the congestion area between 3.2 and 3.5 but my understanding (correct me if I'm wrong please) is that if I had tried to do this in advance I would have been matched at the current "better" back price of 3.45.
(See image).
Is there a way to place these type of (limit) orders using Bet Angel or do I just have to sit and wait and see if the price actually goes where I expect. (It didn't this time, so I didn't enter at all in the end.)
(See image).
Is there a way to place these type of (limit) orders using Bet Angel or do I just have to sit and wait and see if the price actually goes where I expect. (It didn't this time, so I didn't enter at all in the end.)
Hi
yes you would always get matched at the best available price, in this case 3.45.
If it is a regular strategy that you wish to employ, then you could build a simple excel spreadsheet that monitors the current price and acts accordingly?
Regards
Peter
yes you would always get matched at the best available price, in this case 3.45.
If it is a regular strategy that you wish to employ, then you could build a simple excel spreadsheet that monitors the current price and acts accordingly?
Regards
Peter
Thanks Peter, but no, its not a programmable strategy, it was just that 3.2 was the lowest price traded for that horse and I figured that if it went below that, there would be no locked-in traders to hold the price up and I might expect a decent few downward points. It would have been nice to have an order waiting there to back at my chosen price.
I take it there is no way of placing an order as I described?
I take it there is no way of placing an order as I described?
Hi Frogmella,
In the Financial markets there's an order type called 'Stop-Order-To-Open' that allows you to open a trade if the market hits your intended price.
You could put this as a Feature request to BetAngel. A right-click for Stop-To-Open.
In the Financial markets there's an order type called 'Stop-Order-To-Open' that allows you to open a trade if the market hits your intended price.
You could put this as a Feature request to BetAngel. A right-click for Stop-To-Open.
There are a couple of ways to do this:
You could use the simple automation feature to trigger a back bet at a lower price than currently available. If you open the settings editor and pin it somewhere you could quickly update the required price trigger accordingly.
Then in the 'Automation' tab of the main application tick the back box next to the one you would like to automate.
Or you could use the advanced automation in Guardian although this is probably a little more involved than what you want here.
You could use the simple automation feature to trigger a back bet at a lower price than currently available. If you open the settings editor and pin it somewhere you could quickly update the required price trigger accordingly.
Then in the 'Automation' tab of the main application tick the back box next to the one you would like to automate.
Or you could use the advanced automation in Guardian although this is probably a little more involved than what you want here.
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