Author Topic: trigger back when matched lay  (Read 4671 times)

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trigger back when matched lay
« on: 14 Mar 2013, 03:30 »
I am a new chum to trigger betting. I would like to know if a trigger is available
that will place a BACK bet and when matched place a LAY bet at x ticks below the BACK price.
Similarly place a Lay bet and when matched place a BACK bet at x ticks above LAY price.
And in each case repeat the process until the end of the event.
I realise that there can only be one of the above eg: BACK then LAY triggers used per event. My idea was to select which of the two would be used prior to the commencement of the event.  ie: BACK then LAY  or   LAY then BACK.

Thanks for any help.
R
My grandma taught me not to run downstairs and never back odds on.

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Re: trigger back when matched lay
« Reply #1 on: 14 Mar 2013, 05:11 »
hi
look at these triggers
http://marketfeeder.co.uk/solutions/green-up-hedge/back-green-up-stop-loss-6/
if you want to back bet yourself and let the trigger do the lay betting then remove the backing trigger.

http://marketfeeder.co.uk/solutions/green-up-hedge/lay-green-up-stop-loss-6/
if you want to lay bet yourself and let the trigger do the back betting then remove the lay trigger.

mcbee
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Re: trigger back when matched lay
« Reply #2 on: 14 Mar 2013, 07:20 »
McBee Thanks,
I will test it out later today.
I am interested in learning about the code
used in the triggers. Is there a list of codes eg: "loss_ticks"
I was about to embark on a VBA course to learn the embedded
program in Excel however your trigger program may be a different language.
Can you advise what I should be studying to effectively
understand and compile my own trigger.
I'd preferably just work with your main trigger interface rather
than employ the Excel if possible.
Ideally I'd like to pay someone to teach and help me to write
the formulas I need.
Thanks for any ideas you can suggest
R
My grandma taught me not to run downstairs and never back odds on.

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Re: trigger back when matched lay
« Reply #3 on: 14 Mar 2013, 08:37 »
hi
you only need basic excel knowledge to create the triggers.
they might at first look complicated but when you start to understand that all you are doing is putting into the triggers what you are thinking.
think, i want to place a back bet if the selection is favourite
trigger condition
and selections rank equals 1
rank=favourite position
1=favourite
2=2nd favourite
etc
think, but only if the odds are more than 3
trigger condition
and selections back price is greater than 3.00
back price=odds
as you can see it is all about converting your thoughts/system into conditions
if you get stuck just look at the example triggers to find the condition you need or ask on the forum.
for the ticks it is r_ticks(back_price,3)
this is a condition for the back ticks to be 3 more than the current back price
you will find all the variables if you press the yellow question mark top right of the bot screen
and type Selection Variables  in the search box



mcbee
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Re: trigger back when matched lay
« Reply #4 on: 14 Mar 2013, 10:34 »
Hi McBee, (btw you are a dead ringer for Bruce Willis :)
Thanks for your very informative and somewhat relieving explanation of the trigger
process. It seems I may not have to do that VBA course after all.
I do have a reasonable grasp of if/and/or Excel commands and relish the task of working  on this intuitive platform.
I tried looking at the list via yellow ? as suggested for the command  "loss_ticks" but it was not there.
I am still green looking for the real "green" :)
Please tell me where I am going wrong
Thanks
My grandma taught me not to run downstairs and never back odds on.

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Re: trigger back when matched lay
« Reply #5 on: 14 Mar 2013, 12:15 »
hi
you have to use the variable that are there.
so if you want to place a lay bet 5 ticks lower than the back bet, you would use r_ticks( )
the r_ticks is explained a bit in the last part of the selection variable information screen.
condition
and selections lay price is equal or less than r_ticks(bm_backp,-5)
bm_backp = back matched back price

BUT for what you asked in your first post, you would be better to use a greenup trigger and set it to ticks, this will cover back and lay bets.

mcbee
Please read the following  disclaimer with regards to the information you may request and obtain on our forum. This specifically concerns trigger files and various instructions as to how to implement a strategy.

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Re: trigger back when matched lay
« Reply #6 on: 14 Mar 2013, 22:45 »
Thanks again McBee,
I will follow your instructions and hopefully soon will get the hang of things.
I only mentioned the "loss_ticks" as it was a condition in the trigger you sent me and was curious where I could find it on any list. I tried a search on the
? help under Operators and Functions but nothing came up. I did find the r_ticks which I will use as per your suggestion. Perhaps the terms profit_ticks and loss_ticks are now redundant. the link below is the trigger in question.
http://marketfeeder.co.uk/solutions/green-up-hedge/back-green-up-stop-loss-6/
Just curious as all part of my slow learning curve.
R
My grandma taught me not to run downstairs and never back odds on.

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Re: trigger back when matched lay
« Reply #7 on: 14 Mar 2013, 23:15 »
hi
loss_ticks is just a variable NAME so that you know what you are setting.
you could name them up_ticks and down_ticks
when you use variables in a condition you name them to suit your system
if you only wanted to bet above 3.00 and below 5.00 odds
you could use variables to set the odds amount
max_odds=5
min_odds=3
so you would write and selections back price is greater than min_odds . etc etc
you only use variables in your triggers if you have many triggers using the same amounts


mcbee
Please read the following  disclaimer with regards to the information you may request and obtain on our forum. This specifically concerns trigger files and various instructions as to how to implement a strategy.

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Re: trigger back when matched lay
« Reply #8 on: 15 Mar 2013, 05:28 »
Hi mcbee,

I've set the trigger running and going along smoothly.
All it needs to do now is win :)
I will study the variables now and thanks again for your
much appreciated help
R
My grandma taught me not to run downstairs and never back odds on.

 

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