setting stop loss in excel

[dflowe]

Hi Garry, its been a while since my last confession. I have lost the will to live with stop loss.
I have a simple bet
BACK-PL10-SP
now this works fine till the odds jump past the tick offset bet and the ofset does not get matched...
So I have a matched back bet and an unmatched lay bet with the odds drifting out.
I want to stop the loss at 1/2 the original stake.
What stop loss do I add to the above statement SL50P ? if so it costs twice the stake so its not right.
any help would be appreciated
thanks Dave

[NorthView]

You need your lay stop loss to be at twice your back odds for half the stake to lose half your back stake whatever the result.

SLFn-L will set it at odds of n.

[NorthView]

Your problem is going to be that you're backing at SP so you don't know the back odds you're matched at until after your trigger has fired.

So you probably need to use SLnP-L where n is the percentage of your back odds but how it works is dependent on the Calculate tick% setting in Preferences/General.

[dflowe]

Hi, thanks for the replies, I will set the L and try that again, thanks again for the replies.
BACK-PL10SL50P-L-SP