Author Topic: Trailing Stop-Loss  (Read 1239 times)

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Trailing Stop-Loss
« on: 24 Nov 2020, 09:47 »
I need a set of triggers to implement a trailing stop-loss.
So at the start of each day's betting I want to specify a target profit and a target loss whereupon betting will stop or switch to test mode.  The target loss needs to operate on a trailing basis, whereby, if the betting is increasing the starting balance,  then the target loss will be applied to the new balance.

This is a common feature of automated betting, but I was unable to find an example in the trigger library.  There are some which mention trailing stop-loss but these seem to be for back/lay or lay/back systems.

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Re: Trailing Stop-Loss
« Reply #1 on: 24 Nov 2020, 10:34 »
Hello!

What kind of bets would you like to have as a base for this set of triggers? E.g. laying on the favourite?
Always try your triggers in Test Mode before switching to real money!

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Re: Trailing Stop-Loss
« Reply #2 on: 25 Nov 2020, 09:40 »
I will be laying on a number of selections in greyhound races that may include the favourite.  Basic strategy is working well, but as is usual with greyhounds several days of profit are often followed by a thumping loss so  I determined that a trailing stop-loss would be beneficial in maintaining a steady profit.

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Re: Trailing Stop-Loss
« Reply #3 on: 03 Dec 2020, 12:10 »
Please see your triggers attached.

The laying trigger is just an example of usage: you can replace it with your own, just make sure to include the condition.
Always try your triggers in Test Mode before switching to real money!

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