Offset bet with greening and stop
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britesparx
- Posts: 4
- Joined: Sat Oct 06, 2012 10:21 pm
How can I set betangel so that the stop trigger engages at 0 ticks?
if you mean setting it at the price you layed, ie lay at 3.95 and stop at 3.95 - you cant. if you want out you will have to scratch at that price or a tick or 2 better or worse - or set your stop at 3.9 or lower.
setting stops tightly is risky as they will fire often as the markets zigs and zags as opposed to moving in nice orderly ups and downs
setting stops tightly is risky as they will fire often as the markets zigs and zags as opposed to moving in nice orderly ups and downs
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britesparx
- Posts: 4
- Joined: Sat Oct 06, 2012 10:21 pm
That's a shame, because I wanted to test an idea.
Sometimes I've placed a back or a lay and the market has shot off in the other direction, leaving me to sit there waiting for the market to come back to what I've placed, using your example of 3.95 and sometimes the market doesn't come back at all, leaving me stranded with that one trade.
I've used a stop, to minimise a loss on my trades.
What I wanted to test was an automation which would quickly change sides for me so I wouldn't sit there like a lemon waiting for the market to come back in the direction that I want.
So, say I backed at 3.95 wanting to either scalp at one point or trade at a few points, but the market went up instead of down.
If the trade could zero out, that would eliminate any potential loss and if the trade could automatically swap sides (from back to lay), my trade would be facing the right direction.
Does that make sense?
Sometimes I've placed a back or a lay and the market has shot off in the other direction, leaving me to sit there waiting for the market to come back to what I've placed, using your example of 3.95 and sometimes the market doesn't come back at all, leaving me stranded with that one trade.
I've used a stop, to minimise a loss on my trades.
What I wanted to test was an automation which would quickly change sides for me so I wouldn't sit there like a lemon waiting for the market to come back in the direction that I want.
So, say I backed at 3.95 wanting to either scalp at one point or trade at a few points, but the market went up instead of down.
If the trade could zero out, that would eliminate any potential loss and if the trade could automatically swap sides (from back to lay), my trade would be facing the right direction.
Does that make sense?
You can't have a stop of zero because that means it would trigger at the current price, which would mean you would trigger at every price point. Stop needs to be at least one away from the current price.
Try trading on the ladder and scratching your trade if you think it is going against you. That is effectively a stop at zero, but you will still get positions going against you all the time. The smaller the stop the more likely it is to trigger, so TBH it's a flawed idea anyhow.
Try trading on the ladder and scratching your trade if you think it is going against you. That is effectively a stop at zero, but you will still get positions going against you all the time. The smaller the stop the more likely it is to trigger, so TBH it's a flawed idea anyhow.
what your trying is scratching(scratch trade). if your offered trade gets filled (or partially filled) and you think that the market is gonna move against you, then you scratch put in your counter trade at that price or a tick or 2 lower. the idea is to GET OUT negating or reducing your loss. the moment you feel or the market is moving away from you, and you have no reason/evidence/experience to assume it will come back to you, you scratch.britesparx wrote: So, say I backed at 3.95 wanting to either scalp at one point or trade at a few points, but the market went up instead of down.
If the trade could zero out, that would eliminate any potential loss and if the trade could automatically swap sides (from back to lay), my trade would be facing the right direction.
Does that make sense?
you should have a look at betangels tv page on utube. peter webb as done a video on scratch trades and stop loss etc, also search this forum for similar posts that will probably explain better/clearer