Newb trading question

[andak fedal]

Hi there,

I'm on the 30-day trial and excited about the prospects of your software.

I will be purchasing but I need to make sure I can do the following.

Place a back bet on tennis at a price lay it back x ticks lower for a percentage increase. Nothing special here...

but if and only if the lay bet isn't matched and the back price drifts to x ticks lower trade out for loss at x percent.

I'm pretty sure your software is capable of this (not sure if it's conditional bets I need or just simple back/lay) but I'm finding it a bit tough going and the help manual isn't the greatest. I think you need a technical author!

Any help much appreciated!
Bri

[GaryRussell]

We are creating a new help file. You can use the tick offset and stop loss features combined.

To place a lay bet at 5% lower when the back bet is matched and place a stop loss bet if the back price falls by 5% do the following.

1) Select the tick offset tab, enter 5 in the "Tick offset" box and tick "Ticks = %"

2) Select the stop loss tab, tick "Enabled", tick "Ticks = %" and enter 5 in the "Ticks" box.

[andak fedal]

Thanks for this Gary, does this ensure that the stop loss won't get activated if my lay bet gets matched and I already have my desired profit?

[Spike]

Yes- it does.

[andak fedal]

brill - cheers guys!

[presoman]

Hi, Gary!
Can You help me with advice:

Example: Want to place back bet at odds 1.92 with stake 5.
Then place a bet when Lay odds = 1.84 with stake 5.
Enabling Level loss will green up in this case for profit of 0.21?
Place Stop loss bet at odds 2.5 - will Level loss work to equalise a loss if Stop loss is matched?

Thanks in advance, presoman!

[GaryRussell]

Level loss will not allow you to green up in your example. If you want a level profit when the odds reach 1.84 then use the tick offset feature in addition to stop loss.

Set the tick offset option to 8 ticks and tick "Auto level" in addition to enabling the stop loss before placing your back bet. When the back bet is matched it will place the lay bet at 1.84. If the odds go up to 2.5 it will cancel the lay bet and place new lay bet at 2.5 to produce a level loss.

[presoman]

Hi, Gary!
In case of Auto level to green up or Stop loss to profit loss must i disable Tick offset and Stop loss in the front tabs to preserve of double betting or this options will be automatic disabled after any of bet released?

Thanks, presoman!

[GaryRussell]

These options apply to bets you are about to place, not bets you have already placed so you do not need to disable them to prevent duplicate bets, but you do need to disable them if you don't want the options to affect any further bets that you place.

[presoman]

Hi, Gary!
Thanks for the advice! It's only one bad thing - i make two times bet, but after market being suspended, the bet is gone - is there some way to keep the original stake?

Thanks, presoman!

[GaryRussell]

Hi, Gary!
Thanks for the advice! It's only one bad thing - i make two times bet, but after market being suspended, the bet is gone - is there some way to keep the original stake?

Thanks, presoman!

I presume this was in play football where the bets are cancelled on suspension. The program doesn't currently have a feature which will replace bets cancelled after suspension.

[presoman]

No, Gary, this was UK races, You know inplay market goes suspended for few seconds, this is very bad for our bets - then the odds goes mad - up and down and someone who is more nervous make a very big loss from situation.... Hope You will find a medicine against this situation

Thanks, presoman!

[GaryRussell]

For horse racing markets you need to use the keep bet feature. Before you place your bet make sure "Keep in play" is ticked in betting options.