My Journey

[Terrier089]

Good morning all.

I have been dipping my toe in the Betfair waters for a couple of years now, but have only really started to get serious with it over the last few months. I read the forum regularly and have considered starting this thread multiple times, I am inexperienced compared to most on here and am simply looking for advice.

I am going to be trading the Horse Racing markets, but my trading plan and strategies beyond that are open for debate. I want to use a fully automated strategy, not because I think it's a way to sit back, do nothing and earn easy money, but because I have tried both manaul and automated trading and so far my results lean far more positively towards automated. The main reason for this is simply a flaw in my own character/personality, I tilt and end up making stupid decisions when something goes wrong! I make fairly consistent profit using a couple of bots but the profits are small (we are talking a few quid on a decent day)

So where am I at currently? I have a fully functional data scraper for horse racing markets, which captures all form data for each races daily. I use BetAngel to capture snapshots of best back/lay/ltp every 5 seconds from 60 minutes out for each race on a daily basis. Then I try to marry these to find any correlation between the two.

What I really want to know initially is, do you think I am on the right track? Or do you think this method is a waste of time? As I said I have managed to form a couple of strategies that make small profit on a fairly consistent basis but haven't tried to scale these up yet.

I will use this thread as a journal with the hope of getting some advice from some of you.