LAYR

[jrarmstrong]

Hi,

Does LAYR cancel offset bets/stop loss when the entry has been matched?

For example, a back is matched at 2, an offset is placed for 1.5 and a stop is set for 20. Certain criteria are met meaning I want to cut out immediately without the offset or stop being hit.

Would LAYR achieve this?

Thanks,

James

[GaryRussell]

Yes. LAYR is equivalent to CANCEL followed by LAY which also cancels the tick offset/stop loss.

[jrarmstrong]

Gary,

Thanks. It does not seem to cancel the offset bet when the opening bet has been matched?

Thanks,

James

[GaryRussell]

Sorry, I interpreted your question incorrectly. It cancels the processing of stop loss and tick offset bets. For example if the tick offset bet is part matched then no further offset bets will be placed if the remainder is matched. It does not cancel offset bets already placed (except any unmatched portion of the original bet), only further bets being placed if that makes sense.

You would do better to use CANCEL-ALL to cancel all unmatched bets for the selection and prevent further offset bets being placed and then just use the normal LAY trigger.