Question about Stop Loss modifier

[MollyMoo]

Hi all. I have an Excel sheet which automatically places a Lay bet in each new Market at specified odds with a Stop Loss modifier.

If I ask for Lay odds of 1.8 on a selection but when the Market connects to the Excel sheet the odds are 1.5, the Lay bet gets matched at 1.5. My Stop Loss modifier is set at fixed odds of 2.2. As the Lay bet has been matched at lower odds than those requested, do the Stop Loss odds get adjusted automatically downwards to take into account the lower Lay odds?

Thanks.

[vanbuuts]

Yes should do dependant on the tick % or tick count you want it set at

[MollyMoo]

Thanks, vanbuuts, but that's my point. I'm not using a percentage or tick offset for the stop loss, but fixed odds. Does this make a difference?

The modifier is SLF2.2. Would this change from odds of 2.2 if the Lay bet is matched at a lower odds of that requested? So trigger of LAY-SLF2.2 with a requested odds of 1.8 for the lay bet. Actual odds of the selection is 1.5 so the bet is matched at 1.5. Where does the fixed odds stop loss get set? 2.2? Or lower because of the lower lay odds than that requested?

[vanbuuts]

If you use fixed odds they wouldn’t change if you entered for a better position but I don’t understand how you can have a stop loss higher than the lay bet odds? That doesn’t make sense

[MollyMoo]

Thanks, vanbuuts. Yes, sorry. I quickly wrote the example odds without thinking!

So the correct example would be something like: Lay at odds of 1.8 with a Stop Loss set at 1.5 (SLF1.5). On connection to Gruss the lay odds are at 1.5 so the Lay bet gets matched at 1.5. Does the Stop Loss remain set at 1.5 or is it adjusted automatically downwards because the Lay bet has been matched at a lower price than was requested?

I thought I'd read somewhere that it did but now I can't find where I saw it!!

[MarkRussell]

Hi,

Ok so you set Stop Loss either by ticks, percentage or fixed odds.
Whichever option you use provides the software with odds to monitor and as soon as those odds are reached, the software will fire in the Stop Loss bet using current market odds plus or minus 1 tick depending on whether the Stop Loss is a lay or back bet.

Regards,
Mark

[MollyMoo]

Thank you, Mark.