Stoploss Error

[Stu77]

Hi.

I've just downloaded Betting Assistant and have been trying to get the hang of all the new features. I previously used Betfair Trader.

I've ben practising using the stoploss but on 3 races where i have applied the stoploss pre race and price has come down to trigger the stoploss, the stoploss hasn't been matched.

Heres an example :

On the Betting Options Screen, i enabled the Stoploss.

I clicked the Odds button in the Stoploss tab and input odds of 2.90 having previously layed the horse at odds of 3.00. The price went against me and went through odds of 2.90 without triggering the stoploss. This happened on 3 races where i input the stoploss and it should have been triggered.

Is there something i'm doing wrong? Are there other master settings that i need to override before the stoploss get triggered.

Thanks, Stu.

[MarkRussell]

Hi Stu,

You difinitely enabled it before submitting your lay bet?

And you kept the market open, i.e. you didn't close the market window by selecting a different race for example?

If you are sure that it was enabled it's possible that the Stop Loss bet was submitted but simply didn't get matched. You can look in the Transaction Log which you will find in the Account menu to see if the Stop Loss bet was submitted.

Regards,
Mark

[Stu77]

Yes, i've double checked that the stoploss is enabled on every race that i've used the stoploss. I've opened multiple tabs on betting assistant so i can switch back and forth between races, so yeah, i guess all the races were opened before i input the stoplosses.

I've been watching the markets as the odds approach my stoploss on three different races and as the odds hit my stoploss, nothing happens and the stoploss has never been triggered on any of the races were the stoploss has been implemented.

Because i am trading pre-race i have watched the odds hit my stoploss with plenty of money available to match my stoploss bet before the odds have dropped further so its not a liquidity issue or sudden jump in the odds past my stoploss which i'm sure can happen from time to time.

Also, because i put my stoplosses in before 12.00 in the morning, i must be close to the front of the queue for getting matched. In conclusion, i think it must be something i'm doing wrong.

I prefer to set the stoploss by using the odds button instead of the tick button so if you could tell me step by step any other boxes i need to tick i'll try it again tomorrow and see how i get on.

Thanks for your time Mark. Regards, Stu.

[GaryRussell]

I clicked the Odds button in the Stoploss tab and input odds of 2.90 having previously layed the horse at odds of 3.00

You placed the lay bet then entered the stop loss options? This could be the problem. The stop loss options must be set and enabled before you place the lay bet otherwise it's not active.

[Stu77]

Ah, i see Gary.

So, for example when i open the betting assistant software and say i want to trade 5 races for that particular day. I will then need to open up the 5 races in 5 different tabs and tick the stoploss button for each race before placing my lay bets. Is this correct?

Thanks again for your help, Stu.

[GaryRussell]

That is correct.

[Stu77]

Hi Gary. That seems to have done the trick.

If i click the ticks=% box instead and put in 10 in the odds box does this mean that the back stoploss bet will be triggered at 10% lower odds of my lay bet. If this is the case and i lay at 3.00, the back bet will be triggered at 2.80. Is this right?

Oh, when i tick the trailing stoploss button, i've been getting matched at higher odds in-play even though i haven't wanted the trailing stoploss to go in-play. Is there a way to stop this happening. Thanks.

[Stu77]

Hi Gary.

There have been some odd things happening with the stoploss. I am now getting my stoploss bets matched but sometimes they are getting matched at higher odds than i've input. For example i put a stoploss order in at 2.50 and then layed the horse at odds of 2.84. My stoploss bet got matched at odds of 2.58. The same thing happened in another race. Also, some of my stoploss orders are getting matched at slightly shorter odds than i requested. I think this is happening because i have the trailing stoploss ticked. Any ideas?

[GaryRussell]

I don't think there is anything odd going on.

1) If you get matched at higher odds it will be because of Betfair's matching engine. Are you aware of "best execution"? If you offer to back something at 2.5 you are saying this is the lowest price you want to get matched at. You may well get matched at higher odds if they are available. This is not a fault in Betting Assistant. It would be the same if you place the bet on Betfair's website.

2) After you have layed the selection the program monitors the best lay price to see if it goes below 2.5. Once it has gone below 2.5 it fires the stop loss bet at one tick below the best lay price. The price will often go straight past 2.5 to a lower price in running so it will be backed at this price. It's nothing to do with the trailing stop loss.

[Stu77]

Hi Gary.

Is there a way of cancelling the stoploss before the race goes in-play. I got matched at odds of 4.90 in-play even though i hadn't ticked the in-play tick box. I think the trailing stoploss went up with the odds in-play and when when odds came back down the trailing stoploss kicked in. I assumed that once the race started, my trailing stoploss bet would be cancelled. Thanks, Stu.

Can you let me know about at tick=% option that i asked in the previous question. Sorry about all the queries but i want to be sure i know exactly whay i'm doing before using bigger stakes. Thanks.

[GaryRussell]

If i click the ticks=% box instead and put in 10 in the odds box does this mean that the back stoploss bet will be triggered at 10% lower odds of my lay bet. If this is the case and i lay at 3.00, the back bet will be triggered at 2.80. Is this right?

That is correct.

Is there a way of cancelling the stoploss before the race goes in-play. I got matched at odds of 4.90 in-play even though i hadn't ticked the in-play tick box

The in play check box is not for this purpose, it sets the "keep bet" type. ie. if it is checked it means that bets already placed with this option are not cancelled when the market turnes in play.
I am adding a further stop loss option which you can tick to prevent the stop loss firing in play. I will release an update later.

[GaryRussell]

The latest Beta includes an option to prevent the stop loss being triggered in play if the original bet was placed before the off. Tick "Cancel at in play" to prevent it being fired in play.

See http://gruss-software.co.uk/forum/viewtopic.php?t=3922 for download link.

[vilnius]

Hi

Does the Beta version have the fix for the IP stop loss problem as well as the above option?

[GaryRussell]

Yes, it includes the fix.

[vilnius]

Thanks Gary