THE PLACE STOP

We were all new to Bet Angel once. Ask any question you like here and fellow forum members promise not to laugh. Betfair trading made simple.
Post Reply
Alpha322
Posts: 931
Joined: Fri Oct 30, 2009 4:45 pm

Hi
all can someone explain to me please what this feature is on Bet Angel Pro what does it do, when you enter the market does it cut you out after traveling 2 ticks etc, also can someone help with the Offset. My trade bank took a bit of a bashing last week i think i have some settings wrong. I want to trade with £100 stakes but want to scalp two ticks at a time. Also the trailing stop that is associated with the Place stop
Bet Angel
Bet Angel
Bet Angel
Posts: 4031
Joined: Tue Apr 14, 2009 3:47 pm

When we implemented the stop loss, we quickly realised that if the market spikes to take out the stop loss you could get the stop triggered at a rotten price. Therefore we introduced the place stop at function. This means that rather than attempting to stop out by taking the third outermost price you can limit the scale of the stop order. In short, it's a safety feature.
Alpha322
Posts: 931
Joined: Fri Oct 30, 2009 4:45 pm

Hi
Peter, does this mean say i lay at 5.4 and i have the place stop set at 2 ticks, if it goes all pair shaped or my timming was wrong it will come back to 5 and cut out, also how does the offsetting affect this, say if i adjust it to two, am sure i have the hang of it if i can adjust the software correctly :roll:
Post Reply

Return to “Bet Angel for newbies / Getting started”