Ok I am still using practice mode and perfecting the art of trading. I have been trying numerous bots and I am not sure but think I have nailed something but it is very radical. I need a simple question (for regular traders) answering.
Trading horses - When my bot is complete on the 'one click screen' under the trade profit title I have a mixture of red and green figures against the horses(the green ones being rather large). This is the same under the horses names. However at the end of the race if I then go to the ladder the figure next to the button that looks like a set of scales this is mostly red but sometimes green. Out of 8 races I have had 2 green figures and they out way the losses by a good margin if I can take them as real.
When I have been scalping either for real or in practice this figure has always meant what is my profit. Can I assume that this is the case using a bot on numerous horses?
Do I believe green figure?
Sounds like you haven't got a grasp of what you are doing.
You need a clear idea of what you are trying to achieve and how to implement it before you start letting 'bots' lose.
Think the whole "bot' craze is dangerous. Think it's ok if you want to automate a strategy that you use manually and are confident of what it does. beginning trading with bots is pretty stupid IMHO.
You need a clear idea of what you are trying to achieve and how to implement it before you start letting 'bots' lose.
Think the whole "bot' craze is dangerous. Think it's ok if you want to automate a strategy that you use manually and are confident of what it does. beginning trading with bots is pretty stupid IMHO.
Yes Mugs I hear what you are saying but I am learning quite swiftly using this practice mode rather than just pouring money down the drain like my earlier posts. I have tried lots of different approaches with automations and quite clearly most do not work efficiently. The one I wanted an answer to HAS been tried on individual horses and clearly does work. By automating it on numerous horses I am quite confident that it does work but with that many red and green figures going about on all the horses it is hard to keep track to the novice. I know that on the individual horse automation I tried the figure next to the scale button is either red or green and obviously tells me loss or profit. The think is with numerous horses I am thinking what I have done is hard to be true as the losses are less than £100 on say 6 out of 8 races, but the other two when green are plus £2k. At that strike rate I am tempted to sling a bit of dosh at it but can I trust the green figure. My heart says yes but my head says be careful. Just looking for some support really.
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CaerMyrddin
- Posts: 1271
- Joined: Mon Sep 07, 2009 10:47 am
It looks like you would be probably be gambling.
If you have £100 reds and £2k on the others, look carefully to the runners on which you have big greens. What are their odds? Are they favourites or cows?
You can't talk about 'strike rate' here. If you place £50 on two 1000 shots on the same race, you will get lumpy greens on them and modest reds on the other runners but it will make you bankrupt very quickly.
If you have £100 reds and £2k on the others, look carefully to the runners on which you have big greens. What are their odds? Are they favourites or cows?
You can't talk about 'strike rate' here. If you place £50 on two 1000 shots on the same race, you will get lumpy greens on them and modest reds on the other runners but it will make you bankrupt very quickly.
Went live and tried with small stakes. The upshot it dont work! Oh well back to the drawing board but a little annoyed that practice mode basically does nothing but allow you to compile things but the actual trading part of it is completely unrealistic IMHO.