Stop Loss Cancels Unmatched Bets

[MollyMoo]

I'm using Excel to submit a Back bet with a chasing stop loss with level loss. When this is matched I then submit a Lay bet at lower odds. If the stop loss is triggered before the Lay bet is matched, the Lay bet doesn't get cancelled. Is this right? I would have thought that the stop loss should cancel any unmatched bets on firing because if the price comes in again and the Lay bet gets matched and the selection wins, the loss is greater than if the Lay bet hadn't been matched.

[MarkRussell]

Hi,

It is correct as there is no connection between the Stop Loss bet and the lay bet that you submitted separately.

If you want a connection then use the Tick Offset and Stop Loss in the same trigger.

The Tick Offset will submit a lay bet as soon as the original back bet is matched.

Then whichever gets matched first cancels the other.

An example trigger would be BACK-TL10-SL10-L-SLC1

That is a 10 Tick Offset with level profit or 10 Tick Stop Loss with level loss and chasing

Regards,
Mark

[MollyMoo]

Thanks for the reply, Mark. That's great for a single Lay bet offset from the original Back bet, but I also have the option to drip feed Lay bets at various odds and percentages of my stake, so that wouldn't work in that scenario.

I think I may have found a solution by keeping a record of the number of bets submitted by Excel and checking whether there has been an extra bet submitted by the Stop Loss modifier. If so, I can get the bot to cancel any other unmatched bets.

I'll be testing it today.