Using the Stop Loss

[Craig]

Gary,

I'm nearly at the end of my 30-day free trial, and I think that your software is great. £60 for a year is a bargain.

However, this afternoon I experienced something unexpected when using the Stop Loss function, via the grid.

Using version 1.1.0.63w, I set the Stop Loss as Enabled, Ticks = %, Offset ticks = 38 and Sliding. If I've got hold of the right end of the stick, when I place a lay bet a Stop Loss back bet will be fired if the odds shrink by 38%.

This setup seemed to be working fine this afternoon, but during the last race of the day, the 16:00 at Cheltenham, the Stop Loss was fired in-running. I only want the Stop Loss to apply to the pre-race market.

The Keep In Play box is unticked, so it can't be that.

I think that what's happened is that the next market couldn't be auto-selected at the off of the 16:00 Cheltenham, as there wasn't one. The last race of the day stayed on screen in-running, and a couple of unplanned back bets were fired on eventual losers.

I could untick 'Only load today's events' in Preferences, but is there a simpler way to prevent Stop Loss bets being fired in-running? There probably is, but I can't find it for looking.

Still with Stop Loss, but a different question. What will happen to a Stop Loss if one of the market leaders is withdrawn?

I understand that Betfair will apply their reduction factor to bets already placed, but what happens in Betting Assistant? Does the Stop Loss adjust correspondingly?

Thanks and regards

Craig

[GaryRussell]

1) There isn't currently a way to prevent the stop loss being placed in play, unless you are using Excel triggered betting. You mention using auto select. Are you placing the bets from Excel? If you are then you can add -IPX to the end of the trigger to prevent the stop loss bet firing in play.

2) It does not alter the odds at which the stop loss will fire if a reduction factor is applied.

[Craig]

Gary,

I use Excel to log current prices and to help me in identifying betting opportunities, but as yet I'm not using it to trigger bets. This will be the next step for me, and should provide a solution to my stop loss difficulty.

Am I fairly unique in wanting stop loss only to apply to the pre-race market? If so, it's not worth either of us worrying about, as hopefully Excel-triggered betting will be the answer for me.

On the other hand, if there are a number of grid or ladder users who are concerned about unwanted stop loss bets being fired in-play (this is particularly likely if a sliding stop loss is used, as in-running prices go up and down like, well you know what), then by auto selecting markets at the off of the preceding race, the preceding race won't go in-play. This seems to work fine except at the last race of the day, which caught me out.

One possible solution could be to have the auto select markets function work on a loop, so that when the last race in the quick pick list is off, and Betting Assistant can't move on to the next race because there isn't one, it simply loops to the beginning of the quick pick list and displays the market closed screen. Not very exciting, but it should stop unwanted stop loss bets being fired.

On my second question, about adjusting stop loss prices in the event of the withdrawal of a market leader, perhaps the option to re-price (based on the Betfair reduction factor), cancel or don't re-price stop loss bets could be a possibility for a future release?

Thanks for your help and advice.

Craig