New user stop loss/off set questions

[sandwich62]

Hi. I just started with betangel Trader and am in practice mode. In Betfair there is cashout and you can set it to cash out automatically when your bet reaches a certain amount of profit. I have been doing that.

For me that works well the problem is betfair dont give you a stop loss so if the price goes against you then the back door is not closed.(Betfairs idea is likely to start you losing not stop you losing) So thats why i have got betangel so I can have the stop loss.

What I want to do is set it up the same in betangel so that the bet greens up when the bet reaches a certain amount of profit and also reds out with the stop loss when the loss reaches a certain amount. For example I place a bet and offset and stop loss would both be set to trigger at £5 profit or £5 loss. Is there a way I can do this in Betangel?

I also notice that the offset bet is actually placed into the market with betangel whereas doing it in betfair it doesnt place any bets into the market it just triggers once the price reaches the required profit level you have set. Basically the offset bet triggers in the same way as the stop loss. Is there a way to set betangel up to do this so that the offset bet is not actually put in the market ahead of time.

There may be other ways I can probably do all of this but I wanted to carry on in the same way i have been doing it on betfair with the offset bet. Makes it easier. Then later on when i become accustomed and confident using betangel then start using greening stop/trailing stop etc and more features.

Thanks very much for any help.

[Jukebox]

Hi. I just started with betangel Trader and am in practice mode. In Betfair there is cashout and you can set it to cash out automatically when your bet reaches a certain amount of profit. I have been doing that.

For me that works well the problem is betfair dont give you a stop loss so if the price goes against you then the back door is not closed.(Betfairs idea is likely to start you losing not stop you losing) So thats why i have got betangel so I can have the stop loss.

What I want to do is set it up the same in betangel so that the bet greens up when the bet reaches a certain amount of profit and also reds out with the stop loss when the loss reaches a certain amount. For example I place a bet and offset and stop loss would both be set to trigger at £5 profit or £5 loss. Is there a way I can do this in Betangel?

I also notice that the offset bet is actually placed into the market with betangel whereas doing it in betfair it doesnt place any bets into the market it just triggers once the price reaches the required profit level you have set. Basically the offset bet triggers in the same way as the stop loss. Is there a way to set betangel up to do this so that the offset bet is not actually put in the market ahead of time.

There may be other ways I can probably do all of this but I wanted to carry on in the same way i have been doing it on betfair with the offset bet. Makes it easier. Then later on when i become accustomed and confident using betangel then start using greening stop/trailing stop etc and more features.

Thanks very much for any help.

Once you've entered the market with an opening bet you can use the ladder to set your close trade options - if you 'left click' on the green amount you're hoping to green out for BA will create the required bet and have it waiting, you can also 'right click' on the tick in the red that you want to close for if it goes the wrong way for you and it will close if the price gets there. Have a go in practice mode first just to be comfortable with what you're doing.