Stop loss rules

[steevjp]

I have set up a rule file, there is a back rule, and a keep all unmatched bets when I go in play rule. Testing with some small amount this seems to be working OK.

I was now thinking of adding a stop loss. Now this may be difficult as I am only using £1.00 back bets at the moment, but as that number increases it will become more valid.

I know Betfair works in ticks and I know that those ticks differ depending on odd, but this is roughly what I want to do,

after my current rules kick in, if the selected odds are going the wrong way that I trade out at a stop loss that will lose roughly half the initial stake, in this case 0.50p

After a quick search, I found a table of the various ticks (unsure if this is exact)

2.0–3.0 = 80–100 ticks
3.0–5.0 = 50–70 ticks
5.0–10.0 = 10–30 ticks
10.0+ = 5–10 ticks

So lets say for example that I back a horse for £1 at odds of 3, how to do I create a rule that does the stop loss at 50 ticks in play, so it will trade out for a 50% loss

2nd question
Because it is all automated, can I add all the rules under 1 files, ie odds greater than 2 but less than 3. Then greater than 3 but less than 5 for example

I am not sure if 50% loss it the way to go, or less or more, but just looking for a way to protect some of the bank whilst not backing out of the trade too early.

[Dallas]

After a quick search, I found a table of the various ticks (unsure if this is exact)

2.0–3.0 = 80–100 ticks
3.0–5.0 = 50–70 ticks
5.0–10.0 = 10–30 ticks
10.0+ = 5–10 ticks

So lets say for example that I back a horse for £1 at odds of 3, how to do I create a rule that does the stop loss at 50 ticks in play, so it will trade out for a 50% loss

Ticks don't equal a single percentage, there are over 300 ticks between 1.01 and 1000 and as you've pointed out they have vastly different increments throughout that range

So if you want to use a number of ticks they won't ever correlate to a fixed percentage

The easiest way of triggering a stop if using the same fixed stake for your bets is to add a 'Close Trade Profit Condition' to a 'Close Trade on Selection with Greening rule' to specify the profit is less than -0.50
https://www.betangel.com/user-guide/clo ... rofit.html

2nd question
Because it is all automated, can I add all the rules under 1 files, ie odds greater than 2 but less than 3. Then greater than 3 but less than 5 for example

I am not sure if 50% loss it the way to go, or less or more, but just looking for a way to protect some of the bank whilst not backing out of the trade too early.

Yes, you can add several 'Close trade on Selection with greening' rules each with there own conditions
Or you can use one rule and nest the conditions within groups on that rule
https://www.betangel.com/user-guide/gro ... tions.html

[steevjp]

Thanks Dallas, ill try the method you mentioned

EDIT

OK, under my "keep" bet which keeps the unmatched bet when it goes in play i did the follwoing condition

Close trade profit condition
with greening = ticked
is less than
an entered amount
0.50p

for my testing of £1 back bets

when i apply it gives an error "please enter the trade profit comparison value" i am confused, is this another coiondition i need to add?