Distributing the loss

Hi,

Could you please help me with some trigger formulas.


Situation:

I have made previously a 10£ BACK bet in the market
IF
the ODDS move to the point where my "Distribute the Loss" bet would return only 10% of my 10£ liability => "Distribute the Loss"
with the ODDS from the last matched BACK price with the VOLUME more than 100£


Thank you in advance!

Kind regards,
J

Hi
trigger attached

edit: sorry - forgot the price - last_traded?

edit2: if you prefer to use back / lay triggers, you can find a distribute loss formula here:
http://community.welldonesoft.com/triggered-betting-10/formulas/

Many thanks for the reply and trigger MarkV!!! 

I'm afraid that I didn't make myself enough clear...

The first BACK bet is manually made, not by trigger. My intention was to make selected bets manually and let the "Distribute the loss" trigger watch the progress and if the price drifts to the mentioned level then do the "Distribute the Loss".
I would prefer to use the last matched BACK price (with at least 100 £ matched VOLUME with that price, not wit the whole market) but I think maybe the Last traded price would do the trick also

MarkV, thanks for the link to the formulas also!

Hi
There is no variable for last matched back, so probably best to use a lay trigger, with last_traded in the price field and the appropriate distribute loss formula in the amount field. Your conditions should include: selection's traded_last is greater than 100. However, I think the volume traded at a specific price is only available if the ladder interface is open on that selection.

Quote from the manual: "The amount of money matched in the market on this selection at the price specified by {price}. For example, traded_4.5 will return the amount of money traded at the price of 4.5. This variable will only work for selections monitored in the Ladder interface, because obtaining the information about traded volumes requires a separate call to BetFair which is only made if the Ladder is open”