Author Topic: [TR] Lay the favourite  (Read 7317 times)

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[TR] Lay the favourite
« on: 11 Oct 2017, 08:00 »
Great Britain races only. Not ireland.

Favorite odds must be lower than 2.0

All other selections must be higher than 4.0

Time till race start is equal or less than 10 mins 

If favourite odds increase by say 3 ticks AND 

2nd 3rd or 4th favourite odds (at least one of them) are falling say by 3 - 4 ticks

THEN lay favourite for a target profit of 4 ticks with Stop Loss of 4 ticks. 

Green up or spread loss if tp or SL hit OR time to race start is less than or equal to 60 secs.

Many thanks! 

Marc




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Re: Lay the favourite
« Reply #1 on: 20 Oct 2017, 20:40 »
Hello!

Please complete your trigger request so that we could start working on your triggers.
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Re: Lay the draw
« Reply #2 on: 22 Oct 2017, 07:39 »
Please ignore the above trigger request and action the one below instead please!
 
 Lay the draw
 
 If the following conditions are met then place a lay bet of X 5 minutes before kick off
 
 Home favourite price is less than 2.0
 
 Draw price is between 3.6 and 5.0 inclusive
 
 At least 20000 matched volume before lay bet is placed
 
 Exit trade for profit if
 
 Home team scores first
 
 Exit trade for loss if
 
 Underdog scores first
 
 Or
 
 Time since kick off is 70 minutes
 
 Or
 
 Draw back price is less than or equal to 1.86

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Re: Lay the favourite
« Reply #3 on: 25 Oct 2017, 13:52 »
Hello!

Please see your triggers attached.

Use the constants to adjust the settings of your triggers.

Make sure to test the triggers in Test Mode.
Always try your triggers in Test Mode before switching to real money!

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Re: [TR] Lay the favourite
« Reply #4 on: 25 Oct 2017, 20:59 »
FANTASTIC WORK!

I tried for hours and hours to get mine to work. It performs like a charm!

Thank you soooo much!

Marc

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Re: [TR] Lay the favourite
« Reply #5 on: 26 Oct 2017, 06:55 »
Glad we could help! Looking forward to more requests from you!
Always try your triggers in Test Mode before switching to real money!

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Re: [TR] Lay the favourite
« Reply #6 on: 06 Nov 2017, 21:58 »
Just spotted an issue with the trigger...

The trigger traded out when the underdog scored on 58 minutes which was fine that's good.

However it then decided to place a lay bet around 9 minutes after the favorite equalized which was odd? The bet says unmatched but it did get placed in the end.

It meant what should have been a profit of around £2.50 ended up being a profit of 12p.....not having a go of course...just explaining what happened.

It's very much a case of the trigger doing 1 of 3 actions after laying the draw initially.......

Trading out when favorite scores (i.e. 1 - 0)

or

Trading out when odds hit 1.83

or 

Trading out when underdog scores (i.e 0 -1)

I wonder if it got confused when the favorite equalized? I think it's just a case of ensuring that if 1 of those 3 actions has already triggered then the other 2 can't trigger.

I've attached the log file so you can see.

Hope you can help! 

Marc

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Re: [TR] Lay the favourite
« Reply #7 on: 07 Nov 2017, 14:04 »
Hello!

What happened here is that the back bet was matched at a higher price than the trading-out trigger intended. Judging from the figures, the back price should have been 10.0*4.4/17.6 = 2.5, yet obviously in that very moment the price jumped to 3.07 and the bet was automatically adjusted. This created an unequal P/L on the selections, so the trigger kicked in again to fix it.

I have turned off this option. See the corrected triggers attached.
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