Weird.
I placed a Stop Loss on a runner at Kempton tonight at odds of 9.0 having placed a lay bet
at 10.5 - I was looking to green in-play with a Back bet kept at 16.
I noticed on a previous experiment that the Stop Loss does not seem to stay in play so I've been manually adding this just after the off (is that right or have I missed something?)
Anyhow I'm certain the Stop Loss was there after the off, the yellow box was present as I clicked it In-Play. The horse came in really fast and shot through the Stop Loss but did not seem to match, so I had to do it manually, which was fine (ish, lost about a tenner on top of the Stop Loss figure) - is this a common scenario? I thought Stop Losses were bomb proof?
Is a Stop Loss Fool Proof?
No they are not bomb proof and a price can always shoot straight through a stop loss and in play it's more likely to happen as the price moves so fast and because there is a 2 second delay on all in-running bets including stop losses.
If you do want to use it in play i would suggest that you set it with a different trigger point to where the stop is placed.
For example you could set it to trigger at 9.0 but place at 8.0 which will increase your chances of it actually stopping you out - the wider the gap you use the more likely it will be successful but its still not bomb proof especially in sprint races or the final moments of a NH.
Or if you use a stop after a back bet in a NH race and the horse falls the stop has no chance of being matched as the odds will just shoot out to 1000/1 in one go.
If you do want to use it in play i would suggest that you set it with a different trigger point to where the stop is placed.
For example you could set it to trigger at 9.0 but place at 8.0 which will increase your chances of it actually stopping you out - the wider the gap you use the more likely it will be successful but its still not bomb proof especially in sprint races or the final moments of a NH.
Or if you use a stop after a back bet in a NH race and the horse falls the stop has no chance of being matched as the odds will just shoot out to 1000/1 in one go.
Thanks - the 2 second delay is something I wasn't aware of.
So after placing my lay bet for instance at 10.5 how on earth do I keep an in-play bet at lower odds, say 8, and place a Stop Loss at about 8 with a trigger in 9?
I was under the impression that the Stop Loss would not carry over In Play or I am over-thinking this - is it just as simple as matching the Lay Bet and using the 'Offset bet and Stop' automation option and keeping this in play?
So after placing my lay bet for instance at 10.5 how on earth do I keep an in-play bet at lower odds, say 8, and place a Stop Loss at about 8 with a trigger in 9?
I was under the impression that the Stop Loss would not carry over In Play or I am over-thinking this - is it just as simple as matching the Lay Bet and using the 'Offset bet and Stop' automation option and keeping this in play?
Stop Loss is obviously important when running an automated strategy, but you have to be aware that stop losses can be triggered by momentary gaps in the market
IMO, if you're trading manually stop losses are a disaster - good traders can manage their positions perfectly well without using stop losses.
These automated trade outs are fine for people with gambling instincts who let disasters run, and they are fine for people totally lacking in confidence, but for manual traders who know what they are doing - stop losses are as useful as a chocolate kettle
IMO, if you're trading manually stop losses are a disaster - good traders can manage their positions perfectly well without using stop losses.
These automated trade outs are fine for people with gambling instincts who let disasters run, and they are fine for people totally lacking in confidence, but for manual traders who know what they are doing - stop losses are as useful as a chocolate kettle
[quote="LeTiss 4pm"]Stop Loss is obviously important when running an automated strategy, but you have to be aware that stop losses can be triggered by momentary gaps in the market
IMO, if you're trading manually stop losses are a disaster - good traders can manage their positions perfectly well without using stop losses.
These automated trade outs are fine for people with gambling instincts who let disasters run, and they are fine for people totally lacking in confidence, but for manual traders who know what they are doing - stop losses are as useful as a chocolate kettle[/quote
+1
I only use a stop loss when manually trading if Ive had a loss and my new position is now in profit for the that whole market. So I will end the trade at least 0.00
IMO, if you're trading manually stop losses are a disaster - good traders can manage their positions perfectly well without using stop losses.
These automated trade outs are fine for people with gambling instincts who let disasters run, and they are fine for people totally lacking in confidence, but for manual traders who know what they are doing - stop losses are as useful as a chocolate kettle[/quote
+1
I only use a stop loss when manually trading if Ive had a loss and my new position is now in profit for the that whole market. So I will end the trade at least 0.00