General Betting
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This should be bloody simple but I'm having problems with it.
I want to back a horse at 2.50 for, let's say, 50 euro. Right after placing that bet, I want to lay the horse for 2.40. This might happen, this might not happen. But I want to put a stop-loss in at 2.60 (level loss). I can't seem to get this working at all. How do I do it?
I want to back a horse at 2.50 for, let's say, 50 euro. Right after placing that bet, I want to lay the horse for 2.40. This might happen, this might not happen. But I want to put a stop-loss in at 2.60 (level loss). I can't seem to get this working at all. How do I do it?
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Turn on tick offset and put it to 5 ticks with a 5 tick stop loss also enabled.
Be careful though as you'll often find stop loss kicks in first when 2.40 may have been comfortably reached later on.
Be careful though as you'll often find stop loss kicks in first when 2.40 may have been comfortably reached later on.
Cheers man.
"Be careful though as you'll often find stop loss kicks in first when 2.40 may have been comfortably reached later on."
What do you mean exactly? That a stop loss isn't always the best way to go? Just manage it manually?
Sorry if I'm being stupid here. New to all this.
"Be careful though as you'll often find stop loss kicks in first when 2.40 may have been comfortably reached later on."
What do you mean exactly? That a stop loss isn't always the best way to go? Just manage it manually?
Sorry if I'm being stupid here. New to all this.
I've done various things over the years with tick offsets and stop losses. My experience was as market spikes around stop losses kick in too often when you don't necessarily want them to hit and a few secs later your lay price would have been matched.
Anyway, try it out and see how you go.
Anyway, try it out and see how you go.
Cool man, thanks.
Don't happen to have a spreadsheet handy that you keep a record of all your trades? Used to doing just the regular p and l for standard bets but would like something a little bit better for this!
Thanks in advance.
Don't happen to have a spreadsheet handy that you keep a record of all your trades? Used to doing just the regular p and l for standard bets but would like something a little bit better for this!
Thanks in advance.
No, I don't trade horses. Tried it and my time is much better spent on "proper" betting.
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