Stop Loss as % of overall liability

[spliffcity]

Hi,

A little help please.

I'm placing 3 lay bets into the market each at different odds and stake using excel trigger betting. So e.g.

Laybet 1: £2.5 @ 3.0 = £5 liability
Laybet 2: £5.82 @ 2.72 = £10 liability
Laybet 3: £16.89 @ 2.48 = £25 liability

So total liability overall if all lay bets are matched is £40

What I'm trying to achieve is that if the odds move down and my exit point is greater than 15% of my overall liability, then the stop loss activates.

So in the example above, if my exit point liability is £6

I'm struggling to understand the best way to achieve this.

In the example above, the exit odds manually would be 1.91, but I'm not clear if I set the Stop loss at these fixed odds (with chase) for all 3 bets, will the stake be correct or am I misunderstanding how the stop loss works and I need to manually program this?

Hopefully I've explained myself well enough.

Appreciate any comments or guidance.

[BobbyCheese74]

I'm a newbie, unable to help as getting my head around stuff.

I noticed these forums are not much help, seems to be here's the software get on with it. Try to find some videos or have a look on the FAQs.

[delboy123]

Going to revive an old post instead of starting new as I’m trying to do the same thing.
I place a couple of in play lay bets with the hope of greening.

I want to have a stop loss in place that is the total of my overall liability. Let’s say for example two separate lay bets have matched on one selection. Then I want to place a level stop loss with chase function that is a percentage of overall liability.
I looked at SLnP-L-SLCn and the description says it’s a percentage based stop loss. But what is it a percentage of? Is it liability or odds? And if it is liability is it overall liability?