Stop automation when preset profit is made

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flanna
Posts: 52
Joined: Thu Apr 07, 2011 10:16 am

I have been looking at the Guardian Automation for the first time. It looks very good. But can it do what I would like it to do?

I have made a suitable trigger file and I would like to apply it to the races in Guardian until a certain level of profit is made. Then, when the target profit for today has been made, the rest of the races should be ignored, no more bets.

It's very simple really. At the moment, I am using another software to do this. But I would prefer to use BA for this as I have always found it to be very stable.
Iron
Posts: 6793
Joined: Fri Dec 11, 2009 10:51 pm

Hi Flanna

Can I ask what your reasoning is?

Surely, if you have an edge, it makes sense to bet as often as suitable opportunities arise, and if you don't, it makes sense not to bet at all...

Jeff
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flanna
Posts: 52
Joined: Thu Apr 07, 2011 10:16 am

Hi Jeff

I don't believe in pushing my luck too far. When I've made enough profit for the day, I stop. This could be in one of the first races, or one of the last races. But I don't continue betting after the profit has been made.

Perhaps you can remember days when you were well up early on only to end up losing at the end of the day. :cry:
scottygop
Posts: 8
Joined: Wed Feb 05, 2014 7:36 pm

Flanna.... I have been searching for the answer to this question also - hve you found the answer?

any assistance greatfully apreciated - I cant believe that a piece of software this sophisticated doesnt have the ability to stop automation when a certain balance has been successfully met.

look forward to your reply. :D
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flanna
Posts: 52
Joined: Thu Apr 07, 2011 10:16 am

Sorry Scottygop, but I believe that BA cannot be set to stop betting/trading when preset, daily, profit or loss levels have been met.

There is, of course, the Stop Loss facility within a single trading market. But nothing for profit or loss in general.

It's a shame. BA is very sophisticated and this could be very easy to do. It seams that BA only considers individual events and cannot look at the bigger picture of many selected markets.

Unfortunately this means that I'll have to continue to use a different software for this type of betting. Unless BA bosses know something that I don't know.. ;)
LinusP
Posts: 1917
Joined: Mon Jul 02, 2012 10:45 pm

Can easily be done in excel...
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flanna
Posts: 52
Joined: Thu Apr 07, 2011 10:16 am

LinusP wrote:Can easily be done in excel...
Well... that might be interesting. Could you explain, please?

...Though it would be a nuisance to have to pay for an Excel license for each computer that I use BA on.
LinusP
Posts: 1917
Joined: Mon Jul 02, 2012 10:45 pm

flanna wrote:
LinusP wrote:Can easily be done in excel...
Well... that might be interesting. Could you explain, please?

...Though it would be a nuisance to have to pay for an Excel license for each computer that I use BA on.
You can see your balance in excel, so just needs a simple IF command to stop everything if that goes over your set profit.

I think I pay £7 a month for excel 365 on 5 computers, I should probably buy it as its cheaper in the long run.
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Euler
Posts: 26249
Joined: Wed Nov 10, 2010 1:39 pm

You have a balance condition in the automation as well.

The reason we can't provide a process for reporting a P&L is that, as far as I am aware, we don't' have access to that or a reporting system via the API.
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flanna
Posts: 52
Joined: Thu Apr 07, 2011 10:16 am

Euler wrote:You have a balance condition in the automation as well.

The reason we can't provide a process for reporting a P&L is that, as far as I am aware, we don't' have access to that or a reporting system via the API.
Would it be possible to use this balance condition so that before each race, BA compares the current balance to the day's initial balance without having to use extra software (e.g. excel)?
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kelpie
Posts: 341
Joined: Sun Dec 30, 2012 12:40 am

flanna wrote:Would it be possible to use this balance condition so that before each race, BA compares the current balance to the day's initial balance without having to use extra software (e.g. excel)?
Just as a sidenote, I wouldn't approach things this way. If a trader finds markets where trades are possible for profit, then trade them; it shouldn't matter what the day's takings are.

My two pennies anyway

but good luck in finding a solution though. cheers
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flanna
Posts: 52
Joined: Thu Apr 07, 2011 10:16 am

kelpie wrote:Just as a sidenote, I wouldn't approach things this way. If a trader finds markets where trades are possible for profit, then trade them; it shouldn't matter what the day's takings are...
That might be OK for trading but I don't trade.

My strategy has always been to bet until I have made enough profit and then stop, or on a bad day stop betting to cut my losses. At the moment I can't get BA to stop automation according to profit or loss on the day.

I guess that the issue is that BA is mainly a trading tool. However, even if I were to trade instead of bet, I would still like to stop trading when I hit my day's profit.
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kelpie
Posts: 341
Joined: Sun Dec 30, 2012 12:40 am

Understood.

yes, I don't think bet angel can do what you want. Perhaps check out the betfair settings; do they not have a self exclusion option or something like that. Could you set that in reverse, as it were, so once you reach GBPx it closes?

good luck!
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