ok how do you all get out on automation if the price moves against you?
rules file sctatch trade? any work around?, ie this is my last resort emergency get myself out of jail plan???
Best way to scratch a trade and get out at or around minimal loss
Use the 'Close Trade On Selection' when your particular conditions are met.
that is a big trade-off also as your liability on the runner will be higher than a straight red. of course, it could play out potentially (more times than not?!) in your favour, so worth paper trading a variant of all 3 scenarios (red, close trade on selection and let it run). Long term, unless you have a real edge, they'll prolly even out, so quite a few considerations.
If you pick the right markets and selections then you either scratch for zero loss or make a profit.
Example:
Selection A has been trading within a 6 tick range for the past minute.
It’s back price is 4.6 with £140 available and it’s lay price is 4.8 with £300 available.
Back at the lay price and join the queue. If your money gets taken and the money available at the back price increases then scratch the trade for zero profit / loss.
You should know what todo thereafter....
Example:
Selection A has been trading within a 6 tick range for the past minute.
It’s back price is 4.6 with £140 available and it’s lay price is 4.8 with £300 available.
Back at the lay price and join the queue. If your money gets taken and the money available at the back price increases then scratch the trade for zero profit / loss.
You should know what todo thereafter....