Newbie back to lay automation query

[ricardodeano]

Good afternoon everyone.

Firstly, the obligatory apology for any ignorance I am about to be shown in my query.

I have followed the front runner video tutorial and set up an automation up along those lines. Great.

However, I have the following scenario and I was wondering a) if this is possible to automate b) how would I go about it.

Scenario

Dragon Fei is running in the 14.25 at Tipperary. I would like to place an SP back bet but rather than creating an offset and greening based on ticks, I would like to place my lay bet based on x% of the BF SP.

So for example, if Dragon Fei goes off at 10.5 and I'd specified I'd like my subsequent lay bet to be place 50% lower, this should be automatically placed at 5.25.

Is this possible?

Again, apologies if I have missed something as I've only been playing with the automation for the past few hours.

Rich

[Dallas]

viewtopic.php?f=37&t=10782

I should add that since that thread the latest BA has now added "By nomination" to the selction options so there is no need to duplice the rule now, once set up and applied to the markets upto 2 runners per race can be selected in the "Automated Nominated Selection" drop down menu for each race.

[ricardodeano]

Hi Dallas

Thank you very much for this, most appreciated. No excuse for not spotting that in the search other than I wasn't registered when I first attempted said search so wasn't allowed

In regards to placing a bet at sp, what's the best way to do this? Currently I'm just going placing a back bet at best market price relative to in play time arming it at 0. Is that the best way of doing this or have I missed something else (highly likely!)

PS: Hope you were on Dragon Fei !

[Dallas]

No problem, I have always done exactly the way you are, the closest way to take SP in automation is by choosing X number of ticks above or below the actual SP but there is no guarantee this will be matched so either continue as you have been or the only other way if you actually want the SP is to manually place a back bet well above the trading price of the runner and tick take SP (if doing this you will need to remove the current back part of your rule otherwsie you will have 2 bets on the selection) and just leave the rule with the green out command.

PS i seen your post after the race so dont know how that horse done but guessing it went well

[ricardodeano]

Ok thanks Dallas, I think I'll just leave it as is for the time being and see how the practise runs go. I can always refine it or go down a different route at a later date.

Dragon Fei ended up winning well, would've been a great trade!

[ricardodeano]

Aaaaand another stupid question.

Is there such thing as a "Green All Loss" condition / can you enter a negative number into the Green All Profit condition?

My thinking being, ok I'll look to make £10 a trade but if it goes against me, I'll take a hit of £5. (NB: I appreciate that the way in play markets swing so quickly, this may not be matched)

I could apply global settings and put a stop loss on my initial place a back bet however, the offset ticks appear to overwrite the later green all profit profit condition.

Again, sorry for being dumb.

[Dallas]

There is never a stupid question on here, yes can create a 2nd close rule and this time you can just put a minus amount in and set it to greater.

Also if you want to use the global settings the bottom option "stop on opening bet" just applies a stoploss with no offset

[ricardodeano]

Me again !

If I have placed a back bet of £10 at an SP of 20, how would I go about automatically placing my lay bet, say 35% below the SP (13) and then green up?

Am I being thick? I think I'm being thick.

[Dallas]

It would be about £5.40 and this is what you would enter in your green out trade condition.

The easiest way for you to work this out go into BA practice mode place the stake amount you intend to use at the odds say 20.0 then work out the percentage you want to use (as you have done 35% of 20 is 13) then on the ladder look for the hedged amount next to that price - thats your target profit so entering that amount in the green out trade condition will trade you out for 35%

[ricardodeano]

Ok doke, so practice mode is my friend. I'm sure if I spend a bit of time with it, I'll get my head around it.

Shame I can't automate that but can't have everything!

Once again, thanks for the pointers, most appreciated.

[Dallas]

Yes you can automate it if you set the close trade profit condition to £5.40 give or take a few pence that will be trading you out at 35% of any SP odds with a £10 stake.

Using the practice mode was if you wanted to find a different percentage or wanted to use a different stake - its the quickest way to calculate the approx amount you need to set your profit condition at based on your stake/percentage.

[ricardodeano]

Morning Dallas.

I was just being uber lazy

Thanks for all your help - now to find me a profitable strategy!

[starjock]

Hi Dallas,
I've been using the back to lay strategy with a trailing stop "in Global settings", however, when the trailing stop is placed the automation is placing the lay bet at an increased stake at the longer odds, which if they go onto win creates a big loss,
What are the triggers to change this in the global settings , if that makes sense.
Thanks
Kim

[Dallas]

Hi Dallas,
I've been using the back to lay strategy with a trailing stop "in Global settings", however, when the trailing stop is placed the automation is placing the lay bet at an increased stake at the longer odds, which if they go onto win creates a big loss,
What are the triggers to change this in the global settings , if that makes sense.
Thanks
Kim

Someone else just asked the same question, see link below for my reply
http://www.betangel.com/forum/viewtopic ... 0&start=48