sliding stop loss help

[dflowe]

Hi I would like a bit of help with a sliding stop loss question
the tag is SLn-S where n = ticks
So if I set tick value to 3 .
I back bid on a runner at say 10 for ease of understanding and a n of 3, if the odds fall then the stop slides with the odd say to 9 and then if the odds come back out at 9.3 the lay bet is triggered, right and if the original bet at 10 drifts out to 10.3 then again the lay bet is triggered, correct

please tell me if my understanding is correct or not

Thanks Dave

[GaryRussell]

That is correct.

[dflowe]

Ok Thanks for the reply Garry, I thought I was correct so I will have to look at this again then, it dont seem to be working quite like that, I must have got somthing wrong in what I am doing.......

Will post up what I find in my stuff not working as It might be another tip on the list for spread sheet users doos and donts

hopefully later today,

thanks again and keep up the good work, this is a really good stable bit of software that I have had running non stop for 2 months without intervention reloading every day without problems

Dave

[dflowe]

Hi Garry this is the actual trigger
BACK-SL3-S-L-SP
I am backing at sp with a sliding stop loss of 3 but it dont seem to place a lay bet if the odds go away from the back be.......have I got the order wrong???

[dflowe]

Hi Garry, I have watched the stop loss now for several races and seem to have it working......bid at 1000 and wait for sp sln-s does not work bid at 500 and it does but not reliably......the odds will fall and then reverse and the stop loss will some times catch the reversal and bid out......but most times the stoploss is not bidding out till the odds are above the original bid odds even though the odds have fallen by several points first....

still looking

[dflowe]

ok so moved the -L to SL and the next race worked ok lets see what happens now.....silly boy doin typoes

[GaryRussell]

You need to be aware of the actual odds that are triggering the stop loss. When you back first and therefore the stop loss is a lay bet it is the back odds that will trigger the stop. It will place the stop at 1 tick higher than the best back odds. This to avoid taking silly lay odds when there is a big gap between back and lay prices.

[dflowe]

So watched it all afternoon Garry and it is defintely not working for me, there have been a couple of times when the bids for the lay have not got matched and that is acceptable but what is a bit of a problem is when the stoploss bid is not even generated as in the last race.
is there any other way I can do that job?

[GaryRussell]

Is your trigger now BACK-SL3-SL-SP ?

[dflowe]

Hi Garry, yes it is except I set the stop to 4

=IF(AND(AC5=1,$AD$1=1,$T$1=1,$AF$1=0,$F$2<>"Suspended"),"BACK-SL4-SL-SP","No Bet")

but I have noticed that it dont work if I set odds to 1000 to stop the bet being taken till SP.....if I set the odds to 500 its ok now it may be ok at 999........

so will try a few more things today.....

did find the post about not firing a stop if no level trigger if the odds jumped too far away from the back bet so taken that on board, and also going to slow the system down a bit to damp out some of the spikes I am seeing on betfair......may even try it on betdaq cause that dont jump around so much but the in running is crap.....

i will try again today and let you know how it goes on both betfair and betdaq.......

[dflowe]

So today I set up a very simple system.....back the favorite and stop loss at 4 tics sliding.
all but 1 stop loss was taken and 1 was unmatched......the software has performed correctly and if the 1 unmatched bet had been taken then I would have been up instead of down on the day.......

So Garry, is there a way of setting the stop loss a bit further out for safety? ie say lay stop loss triggered at 5 and ordered in at 5 tics higher? better to get matched a few tics away than no match at all......any ideas ? I see there is a chase function on the manual bet bar.....is that available in the triggered bets from excel?
I assume the chase looks for the stoploss to be matched in a certain number of secs and if not cancels the first stoploss and tries again a bit further out????

[zemedelec]

Hello,
may I kindly ask you to help me with this sliding stop loss trigger?

LAY-T7-SL1-S

What is not clear for me :
If this trigger fires a LAY bet at odds 3.00, then the sliding stop loss will be placed to 2.98 (BACK) and tick offset to 3.35 (BACK).
Then the odds will drift to 3.25. Tick offset bet is not matched and odds start to shorten again.
I assume that now it will activate stop loss at BACK 3.20 and cancel tick offset bet. Is it correct?

Thank you for answer.

BTW: this software is great

[GaryRussell]

Hello,
may I kindly ask you to help me with this sliding stop loss trigger?

LAY-T7-SL1-S

What is not clear for me :
If this trigger fires a LAY bet at odds 3.00, then the sliding stop loss will be placed to 2.98 (BACK) and tick offset to 3.35 (BACK).
Then the odds will drift to 3.25. Tick offset bet is not matched and odds start to shorten again.
I assume that now it will activate stop loss at BACK 3.20 and cancel tick offset bet. Is it correct?

Thank you for answer.

BTW: this software is great

That is correct.

[dflowe]

Just a word of caution with that trigger setting, you may find you get a mass of 1 tic losses because the odds on betfair bounce around much more now that betfair are applying cross matching and I would advise you spend a little time actually watching the movements or record the movment at fairly high speed and then graph them.....all can be done on excell.....just a thought.