Author Topic: laying a full price point lower than back matched  (Read 344 times)

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laying a full price point lower than back matched
« on: Fri, 26 January, 2018, 08:14 »
Morning all

I currently use r_ticks(bm_backp, -5) to trigger a lay bet into the market obviously 5 ticks lower than the back matched price. This is fine for backing at 8.0 and laying at 7.0 but does anyone know how this can be adjusted so that whatever the back matched price is the lay will go in a full price point lower.

For example 8.0 to 7.0 is 5 ticks BUT 11.5 to 10.5 is only 2 ticks but achieves the same thing. Therefore the formula needs to adjust on the fly depending on what price the back bet got matched at.

Hope this makes sense

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Re: laying a full price point lower than back matched
« Reply #1 on: Mon, 29 January, 2018, 14:09 »
Hello!

Is it (bm_backp - 1.0)?
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Re: laying a full price point lower than back matched
« Reply #2 on: Mon, 29 January, 2018, 22:41 »
yep, that's done the trick. 

Thanks