Author Topic: greenout strategy for place market using only lay bets  (Read 3879 times)

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greenout strategy for place market using only lay bets
« on: Fri, 29 June, 2012, 01:27 »
Hi,
I never traded in place markets before, so any hint is very appreciated.

I have a trigger which uses only lay bets (enter unmatched bets at back price and wait until they get matched.) Some hours before the off, this trigger does a greenout or spread loss with lay bets.

During greenout, funds blocked by the exposure of lay bets, become usable again. If trigger created a equal green on all selections, fund has the same value as before, if trigger created a equal red on all selection, fund is reduced by the biggest red of th market.

I did some improvements to run this trigger in place markets, too. But what happens during greenout? Become funds usable again during greenout, if trigger creates equal profit_loss and profit_loss2 for all selections?

Or are funds blocked until settlement of place market?

I cannot find this out without help because many other triggers are active in real mode, changing funds all time.

Thanks,
Martin

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Re: greenout strategy for place market using only lay bets
« Reply #1 on: Sat, 30 June, 2012, 08:53 »
Hi Martin
Did a small test in a place market real mode. Lay and greenup. You can see the result in the screenshot. Funds are released as soon as green, before settlement.
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Re: greenout strategy for place market using only lay bets
« Reply #2 on: Sat, 30 June, 2012, 15:17 »
Thanks MarkV,

my problem with place markets was to understand what happens if there are only lay bets in all markets. profit_loss is big red for all selections, profot_loss2 is big green for all selections.

I found a timeslot (tomorrow after settlement of AT&T Golf) where I expect no big betting activity from MFPro, then I can do some lay only tests.

Thanks again!
Martin