Help needed with triggering

[yrufset]

Hello
Is there a simple tutorial for beginners on how to do excel triggered betting?
i have a really simple demand:
i want BA to place a back bet on a team once the price reach 1.04
is there a simple way to do it? is there a guide or a tutorial for beginners out there?

thanks in advance

[alrodopial]

A formula in cells in column Q will do the job.
=IF(F5<=1.4,"BACK","")

Search the forum and take a look at the sample sheets from Gruss

[Drunkenight]

Good fomula, but I think you meant:-
=IF(F5<=1.04,"BACK","")

Otherwise the system will place the bet when the price gets to 1.4 instead of 1.04.

[doris_day]

Do you really want to back a team when the price simply gets to 1.04 ?

Think about this strategy very carefully before you implement it.

For instance, what about those times when there is poor liquidity and the price suddenly falls momentarily to the floor and then immediately bounces back up ? This can happen more often than you'd imagine.

There are many people who think there must be a price that when reached will gaurantee a win and although most of the time you will win betting at such a low price, it won't be a winning strategy long term.

[Yorkie]

Altho i agree with Doris about the strategy a formula of

=IF(AND(F5<=1.04,H5<=1.05),"BACK","")

should take out the poor liquidity spikes as the lay price would have to be at most 1.05. This could be changed if a bigger spread was acceptable.

[yrufset]

Thank you all. i appreciate your words of wisdom.
i belive you are right about the liquidty issue,
but in the market i'm betting i think the odds for that to happen are rare...

[alrodopial]

Instead of the back price I would use the lay price instead (1 tick bigger).
More reliable