Overall Green/red

Is there a way to calculate your overall green or red position on the whole market like you can in most other manual trading programs like Geeks Toy.  So say you have a few different bets on a few different horses Geeks Toy will tell me my overall Green/ Red position if I closed all bets now.  How would I work this out with triggers?

Thanks

Hi,

Try Engineer mode

Larp

Hey,  I need it in a trigger, I assume there is a calculation to work it out?

If you wish to trade manually, as you might do with Geek's Toy, you can just trade using ladders. MFP has  the same thing. Regardless of the software used, there is no guarantee that the green figure shown will actually be obtained. All bets still need to be matched before the "green" figure will be achieved.

The Toy uses simple arithmetic to show its figures. The advantage of using trading software is that these relatively simple calculations are done at great speed.

The simple arithmetic becomes far more complex if the calculations are made using a trigger format, for all sorts of reasons which are too numerous to list.

Hey, thanks for your answer but can it be done.  I need my triggers to know my overall red/green position.  Can I calculate it?

I'd be interested to know that also
R

The resident experts on this forum are far better qualified than I am. My own opinion is that it would be incredibly complicated to make such a trigger. As I mentioned above bets have to be matched before the desired results can be obtained and the more complicated the trigger, the less likely it is to achieve those results.

I had assumed, possibly wrongly, that the original poster was referring to in-running trading. It seems to me that that attempting to create this trigger so that it would work in very fast moving markets is an almost impossible task. I would imagine that such a trigger would be used to set desired profit and loss limits too. So, a complicated set of triggers becomes more complicated.

I am definitely ceasing trading during the next year as I intend leaving the UK. Now may be the time for me to write what I have been wanting to write for about seven years but haven't done so for fear of causing offence. Like everybody else I fell into the trap that I could churn out winning strategies with ease. I could achieve great things if only the software did what I wanted. I learned a long time ago that this was not true.

In order to trade successfully the following steps should be undertaken in order :

Step One

Study the markets, understand them, and learn the essentials of trading. Realise that markets move swiftly and that this state of flux ensures that precise calculations are rarely possible. By the time calculations are made, the market has changed !  Many bets, previously available, disappear in an instant and this screws things up in fine style.


Step Two

Learn how to use the software and appreciate its limitations. It is a tool, not a magic wand.

Step Three

When you have done steps one and two you can start thinking about strategies.  To come up with strategies without completing steps one and two is a waste of your time.

No offence intended. I've contributed to many forums and made literally thousands of posts and waited until now to write this. I did not want to discourage newcomers. Too many people come up with strategies first and then see if they are practical and it should be done the other way about.

Sadly, some leading types of trading software have added worthless features to placate the demands of a few and are now unwieldy.

Geek's Toy is easily the best non-automated software and MFP is easily the best automated software. Each does its own job brilliantly and I see little point in getting both to do each other's jobs. Just use them appropriately.

If you look at BAP then it tells you what the overall greenup position could be. It doesnt matter which selection you pick to greenup, the software works out which selection it needs to greenup that will produce the greatest profit figure.

I think this is what the original thread poster was referring too. It looks like MFP doesnt have that functionality but it would be very useful to be able to build that into a trigger when greening up.

PS. Not trying to promote other/different software. Just making an observation on how to further improve MFP as its triggers functionality is the best out there.

hi
if you want a trigger made to place bets or you can place manual bets, then green up when posible (all matched selections profit and losses added together to make x profit when greened or distribute loss).
but i need a reasonable amount of selections that have bets placed on them, not all the runners, we only bet on a few selections normaly.
please use this link
http://community.welldonesoft.com/make-me-a-trigger!/


mcbee

I think that the request is for a set of triggers which show the profit/loss figures at any given moment. I believe that this is very complicated. It's not just a simple question of greening, it's providing information so that a decision to take a profit or a loss may be made. The non-automated types of software make a reasonable attempt at doing this but I do not believe that MFP is suitable unless one uses the ladders provided.

hi
i can do and have done triggers to green up normal number of placed bets, when there is an x amount of profit available by greening up selections and distributing losses on other selections.
i can do a trigger to give you the greening and distributing calculated profit/loss once per .10 seconds.
all you have to do is type the variable name in the variable screen and look at the profit/loss for all placed bets combined together.

mcbee

Hey Mcbee, that would be awesome, I have tried and failed this many time, cant get my head around the maths

hi
please use this link to request the trigger.
http://community.welldonesoft.com/make-me-a-trigger!/

mcbee

Hey,

Sorry I dont need you to make the trigger, I can do that myself, just need to know the theory/maths

Well, I am able to do the maths but I don't have "a snowball's chance in hell" of making the trigger.   Do you want the triggers to actually place bets or do you just want them to display a figure of "real time" profit/loss which is achievable if relevant bets were placed      ( and, of course, matched ) ? It seems from your original post that you are just looking for the green/red figures which are displayed in software like The Toy. If it is just the information, what will you do with it when you get it ?