Hi and welcome
Yes that is certainly possible. The "Spread Loss" trigger action will place a bet to eliminate the loss on the selection, or the "Distribute Loss" trigger action will "red-up".
The trigger would look something like this:
Action: spread loss
Selections: all matching selections
Conditions:
selections lay matched is greater than 0
and selections back price is equal or less than 1.40
Here is the extract from the manual describing spread loss:
"Behaviour
Places one back bet on each qualifying selection so as to eliminate the loss on that selection completely. The amount of each bet is calculated depending on the existing matched bets.
If a market supports bet persistence, unmatched bets will be flagged according to the Action at In-Play parameter."
you can download a pdf manual free here:
http://marketfeederpro.com/buy/marketfeeder.help.pdf