Has anyone any advice / guidelines on the optimum settings to either close trade on a stop loss or green up a profit while a race is in play?
I have added such rules into horse race rule files to close trade and green if a 'profit is less than -£x' (i.e. a loss). However, I am still experimenting with values to trigger the close trade, At present i am using 20%. i..e. if stake is £50, close trade and green up if loss is greater than £10.
However, this seems to only partially green up in losing situations a lot of times despite this rule being triggered 20 times or so over a 10 minute period. Obviously I want to maximise profit (i.e. not close trade too early nor be left with a large loss by not closing soon enough).
Any ideas on the best way to do this or do I need different close trade rules for different race lengths, number of runners or max/min odds??
I am starting to get brain dead trying permutations so any ideas greatly appreciated.
Cheers
