When trading IR there is never any guarantee of being able to either get a bet on or close a trade because as you rightly pointed out its the volatility.
For your situation/rule when a horse's price crashes in automation is always going to react faster than anyone can manually but its still not always quick enough especially in the closing stages of a race (hence the reason it's set to fire multiple times).
From this point on wards its all trial and error to you find what works, maybe try closing or at least reduce some of the liability any of the runners who's odds are not already above 50.0 when it get to the final moments of a race as these are the ones most likely to crash back in or if you could back each for just a £1 at around 50.0 that would cover a chunk of the liability should it crash back in.
If you come up with any ideas on what you think might work or would like to try im happy to help with adding it into your rule. - You will often come up with a lot of it by watching the actual odds movement during IR and working out how you can best take advantage of situations
The "Cancel on Greening" thread is focused on not submitting any more bets once a profit target is reached, your bets are for just one per runner and all pre-race and your not using profit targets your just looking for the full lay profit on the losers so there is nt much in that thread that can be used for this situation.
If you have a read of this detailed example on the cycling and refresh rates in guardian it will help you set up to achieve the best results for your automation's in general.
viewtopic.php?f=47&t=11491
Automating a small loss
Thanks for that Dallas. I am going to restrict the refresh until close to the start of the race in guardian.
On the settings you have it to place the bet 20 seconds before race time to 2 seconds before race time. Will it make any difference to the set up/how the rules work/greening up if I change this to 5 seconds after the start to say 10 seconds after the start?
I am just thinking of races that go off quite late, this could mean the prices could change quite a bit. I am trying to place the bets between 6 and 10 as close to the actual bsp if I am honest.
So if I changed it to place bets between 5 and 10 seconds after the race starts and then change the conditions to instead of last traded price put actual bsp for between 6 and 10.
Thanks.
On the settings you have it to place the bet 20 seconds before race time to 2 seconds before race time. Will it make any difference to the set up/how the rules work/greening up if I change this to 5 seconds after the start to say 10 seconds after the start?
I am just thinking of races that go off quite late, this could mean the prices could change quite a bit. I am trying to place the bets between 6 and 10 as close to the actual bsp if I am honest.
So if I changed it to place bets between 5 and 10 seconds after the race starts and then change the conditions to instead of last traded price put actual bsp for between 6 and 10.
Thanks.
I don't feel I can confidently continue with this particular set up Dallas.
I always try with real money and not practice mode as I feel you only get a real feel with proper cash.
It was going okay yesterday despite most losses being for around 11 or 12 pound when I had it set to green up at a nine pound loss, however one race I lost £122 and I don't think there will ever be a way to correct this due to the volatility of the in running market. I have to also say I was in a position to green up for over £80 in another race when I was only aiming for £40 so it could be just too up and down for me the way the market works and triggers bets etc.
I am not complaining about the loss, it is better to lose real money and to learn from it in my opinion. I am confident I could make solid profits with my method however getting the trades to fire correctly is an issue I cannot fathom at present and I am sure there are a lot of people find themselves in the same position.
I will continue to look at other automation rules and read as much as I can and hopefully find something that works.
Power to you Dallas for your help, I am sure I will be asking many more questions soon, probably later on today even
I always try with real money and not practice mode as I feel you only get a real feel with proper cash.
It was going okay yesterday despite most losses being for around 11 or 12 pound when I had it set to green up at a nine pound loss, however one race I lost £122 and I don't think there will ever be a way to correct this due to the volatility of the in running market. I have to also say I was in a position to green up for over £80 in another race when I was only aiming for £40 so it could be just too up and down for me the way the market works and triggers bets etc.
I am not complaining about the loss, it is better to lose real money and to learn from it in my opinion. I am confident I could make solid profits with my method however getting the trades to fire correctly is an issue I cannot fathom at present and I am sure there are a lot of people find themselves in the same position.
I will continue to look at other automation rules and read as much as I can and hopefully find something that works.
Power to you Dallas for your help, I am sure I will be asking many more questions soon, probably later on today even
Dallas, is it possible to do the following in automation.
I want to back the biggest price of either the second or third favourite, as long as the price is between 6.0 and 8.0, close to the off.
So if the 2nd fav is 5.0 and the third fav is 7.5, back the 3rd fav.
If the 2nd fav is 6.2 and the 3rd fav is 9.0, back the 2nd fav.
If the 2nd fav is 4.0 and the 3rd fav is 10.0, then no bet.
Thank you.
I want to back the biggest price of either the second or third favourite, as long as the price is between 6.0 and 8.0, close to the off.
So if the 2nd fav is 5.0 and the third fav is 7.5, back the 3rd fav.
If the 2nd fav is 6.2 and the 3rd fav is 9.0, back the 2nd fav.
If the 2nd fav is 4.0 and the 3rd fav is 10.0, then no bet.
Thank you.
Ok easiest way to do would be to look at placing a bet on 3rd fav first (which would obviously be higher in odds) then if not between 6-8 move on to check the 2nd fav.
"Place a back bet"
00:00:25
00:00:15
Position in order of favoritism 3
Trigger 1 time
"Fixed odds condition"
Last traded price
is greater than 6.0
"Fixed odds condition"
Last traded price
is less than 8.0
Thats the 3rd fav done so now add a new rule type (green plus sign)
"Place a back bet"
00:00:13
00:00:03
Position in order of favoritism 2
Trigger 1 time
Number of place bets triggers condition
on "the market"
is "equal" to 0
"Fixed odds condition"
Last traded price
is greater than 6.0
"Fixed odds condition"
Last traded price
is less than 8.0
You can use whatever timings you want but have the 3rd fav set slightly earlier than the 2nd fav then the "place bets triggers cond" on the 2nd fav will only allow that bet if the 3rd has not been backed.
That should do it for you
"Place a back bet"
00:00:25
00:00:15
Position in order of favoritism 3
Trigger 1 time
"Fixed odds condition"
Last traded price
is greater than 6.0
"Fixed odds condition"
Last traded price
is less than 8.0
Thats the 3rd fav done so now add a new rule type (green plus sign)
"Place a back bet"
00:00:13
00:00:03
Position in order of favoritism 2
Trigger 1 time
Number of place bets triggers condition
on "the market"
is "equal" to 0
"Fixed odds condition"
Last traded price
is greater than 6.0
"Fixed odds condition"
Last traded price
is less than 8.0
You can use whatever timings you want but have the 3rd fav set slightly earlier than the 2nd fav then the "place bets triggers cond" on the 2nd fav will only allow that bet if the 3rd has not been backed.
That should do it for you
Thanks Dalls, very good of you and I will try this out later.
If I wanted to bring in the 4th fav, would I change 3rd fav to 4th fav, copy the 2nd fav part for 3rd fav and have
Number of place bets triggers condition
on "the market"
is "equal" to 0
on both 2nd and 3rd fav?
Thanks.
If I wanted to bring in the 4th fav, would I change 3rd fav to 4th fav, copy the 2nd fav part for 3rd fav and have
Number of place bets triggers condition
on "the market"
is "equal" to 0
on both 2nd and 3rd fav?
Thanks.
Yes thats right just change it on the applies to selection from 3 to 4 and then 2 to 3.
If you want to add a 4th as well and just set the start and end the times on the 4th before it starts on the 3rd and keep the "place bets triggers" just on 3rd and 2nd fav.
If you want to add a 4th as well and just set the start and end the times on the 4th before it starts on the 3rd and keep the "place bets triggers" just on 3rd and 2nd fav.
Dallas, if you have a mo could you see if this can be done please.
I want to back the first two horses that hit 3.0 in running.
I have looked at your 'Back the likely winner' automation but cannot see how I can set it to back more than one horse and also make sure that just one bet is placed on each runner. If I select favourite position, one horse could hit 3.0, then go out and then hit 3.0 again so I would back it twice.
I have also looked at your 'Lay the field' automation and wondered if I could change this to Back the field but again I cannot see how I can stop it after just 2 bets and have both of these two bets on two separate horses.
So when the first bet has been placed on the first horse that hits 3.0 (possibly triggered at 3.2), I want to ignore this horse now and just back the next horse that hits 3.0 and stop betting in the race at that point.
Thanks.
I want to back the first two horses that hit 3.0 in running.
I have looked at your 'Back the likely winner' automation but cannot see how I can set it to back more than one horse and also make sure that just one bet is placed on each runner. If I select favourite position, one horse could hit 3.0, then go out and then hit 3.0 again so I would back it twice.
I have also looked at your 'Lay the field' automation and wondered if I could change this to Back the field but again I cannot see how I can stop it after just 2 bets and have both of these two bets on two separate horses.
So when the first bet has been placed on the first horse that hits 3.0 (possibly triggered at 3.2), I want to ignore this horse now and just back the next horse that hits 3.0 and stop betting in the race at that point.
Thanks.