I have been trading on Betfair for a few years now and I am currently trying Bet Angel for a month to see if I can get it to automate a couple of things for me.
What I do is back 1 horse per race in the morning who's odds I think will contract long before the race starts. I place it using Betfair and place a corresponding lay at odds I think it will hit. Again using Betfair, not Bet Angel with offsetting as I don't place the lay until about an hour after the back and at the back point I don't know the offset that I will want.
I have set up Guardian to monitor my races and tidy up any open races just before the off. I have set up a rule to cancel any open lay bets and green all selections. (I say green, it's usually red if it gets to this point).
I am happy with the results so far, but can anyone tell me please the easiest way to introduce a rule to trigger say 30 minutes before the off that would limit losses if there has been a big drift? Or is it possible to do something at the point where I place the lay side?
Apologies if I am asking the obvious, but I have only been using this a couple of days.
Help for a new 1 month trialist please
I think I've figured it unless anyone can suggest a neater way.
I can have a generic 'Close Race' rules file that just has cancel all bets and green all set to trigger just before the off. Using Edit Rules File, I can save this to a different name. I can then add the condition specific to my selection to this new file.
I can have a generic 'Close Race' rules file that just has cancel all bets and green all set to trigger just before the off. Using Edit Rules File, I can save this to a different name. I can then add the condition specific to my selection to this new file.
I have looked into using trailing stops, but without success. I trade between 10 & 20 horse races simultaneously. Maybe I'm doing it wrong, but I found that if I switch between races or alter the lay odds, it 'forgets' the auto close part of the order. So, I'm just left with a normal lay with no auto stop.
If you use a right click stop loss then that is lost when you switch between markets. This is because Betfair have restricted the amount of calls you can make to a market. Therefore Bet Angel has to cycle through the markets and your stop may fire unexpectedly when it does this. If you use the stop loss attached to an opening order then it will retain the stop as it can see you entire position. To do this you need to set the stop using by putting an offset order in the market using the global settings.