Hi,
I'm trying to set up a rule where I back the favourite 5 minutes prior to the off. Then I would like to take a 5 tick movement. So if it goes 5 ticks in the wrong direction I take a loss, or 5 ticks in the right direction I take a profit.
Ive set the first bit up easily enough by placing a back bet on the favourite.
Im struggling with how to take the 5 tick swing in either direction. I've greened up on all selections and put the conditions of
'relative odds conditions'
the lay place is equal to plus 5 ticks
the lay place is equal to minus 5 ticks.
Am i doing something wrong with the trigger?
I literally have no clue.
any help I would be greatful
Create an automation
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JollyGreen
- Posts: 2047
- Joined: Sat Mar 21, 2009 10:06 am
I think you are going about this the wrong way. I just created this rule and tested it and it seems to work just fine. I even managed a profit on the 16:00 Wolves.
I set it up like this.
Rule one named as back bet Fav 5 mins
1. Place a back bet, setup the time relative to event time 5 minutes out to arm and 10 seconds before start to disarm. Allow it to trigger Once. Set it for position 1 Betfair Order i.e. Fav
2. Parameters: Best Market price Fixed amount (choose your stake) Offset Bet with trailing stop. Offset 5 ticks, Trailing stop trigger at 4 place at 5. Fill/Kill 10 seconds Batches 1
3. Conditions In Play Condition, Market NOT in play
Click Apply
Click the + symbol for the second rule
Rule two named as Green up
1. Green All Selections
2. Set time to 10 seconds before and 5 seconds after
3. You can allow it to trigger more than once if you want but as it is one simple bet and stop you should be okay with one greening bet. No parameters or conditions for this part of the rule
Save the rule and name it as you want. Apply it to the markets you want and away you go.
PLEASE TEST IT WITH SMALL STAKES! It did work for me but I still advise you to test it.
NOTE: I set a trailing stop because if it moves 4 ticks your way the stop pulls up behind the position. This means your max loss is 5 ticks but you may get a small profit if it doesn't quite reach 5 ticks profit. The stop moves to ensure this and I felt it was a better method.
Any feedback welcome.
JG
I set it up like this.
Rule one named as back bet Fav 5 mins
1. Place a back bet, setup the time relative to event time 5 minutes out to arm and 10 seconds before start to disarm. Allow it to trigger Once. Set it for position 1 Betfair Order i.e. Fav
2. Parameters: Best Market price Fixed amount (choose your stake) Offset Bet with trailing stop. Offset 5 ticks, Trailing stop trigger at 4 place at 5. Fill/Kill 10 seconds Batches 1
3. Conditions In Play Condition, Market NOT in play
Click Apply
Click the + symbol for the second rule
Rule two named as Green up
1. Green All Selections
2. Set time to 10 seconds before and 5 seconds after
3. You can allow it to trigger more than once if you want but as it is one simple bet and stop you should be okay with one greening bet. No parameters or conditions for this part of the rule
Save the rule and name it as you want. Apply it to the markets you want and away you go.
PLEASE TEST IT WITH SMALL STAKES! It did work for me but I still advise you to test it.
NOTE: I set a trailing stop because if it moves 4 ticks your way the stop pulls up behind the position. This means your max loss is 5 ticks but you may get a small profit if it doesn't quite reach 5 ticks profit. The stop moves to ensure this and I felt it was a better method.
Any feedback welcome.
JG
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JG, you obviously know about automation. Can you help me please. Is it possible to lay the field imposing a minimum and maximum price range?
Say for example lay the field 20 seconds before the start within price range of 4.00 to 5.00.
I have tried, but just cant get it to trigger.
I do have a few startegies that seem to work when I input backs or lays manually, but they also have a fixed price range. I just cant figure it out.
Any help would be appreciated
Dutchy
Say for example lay the field 20 seconds before the start within price range of 4.00 to 5.00.
I have tried, but just cant get it to trigger.
I do have a few startegies that seem to work when I input backs or lays manually, but they also have a fixed price range. I just cant figure it out.
Any help would be appreciated
Dutchy