Author Topic: Stop loss not hit  (Read 4537 times)

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Stop loss not hit
« on: 11 Dec 2013, 21:56 »
I am using marketfeeder lite and i believe it allows you to use a stop loss so i placed a stop loss @ 1.93 yet price went all the way up to 1.96 without hitting the stop. Why is this?

Here is a pic

i.imgur (dot) com/g3Rz4K9.png

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Re: Stop loss not hit
« Reply #1 on: 11 Dec 2013, 22:33 »
Hi
If you distribute loss (stoploss) on a back bet, the lay amount will be less than the back amount. From your screenshot it shows you are backing £2.00 (Betfair minimum). This means the lay bet will be below the minimum and disallowed.

I think the Lite version has logs functionality. Please check the Program log to see there is an error listed accordingly.

You can change this setting:
Settings > Betting Options > Allow small bets
but be aware of the Betfair minimum
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Re: Stop loss not hit
« Reply #2 on: 11 Dec 2013, 23:07 »
Thanks for the quick reply. I will look into it on further bets. Cheers  ;)

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Re: Stop loss not hit
« Reply #3 on: 11 Dec 2013, 23:14 »
I really don't want to start a new thread but i have another question regarding risk reward.

If i BACKED @ odds of 1.5 with £10
My stop loss is 1.90
Take profit is 1.10

Am i right in thinking that i would lose £5 it hit my stop and would gain £4 if it hit take profit?

Is this correct?

Thanks

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Re: Stop loss not hit
« Reply #4 on: 12 Dec 2013, 16:56 »
Hi
Your TP calculation is correct
Your SL is not right.
lay amount – back amount = profit on trade
There are probably several ways to find it, here is one:

(stake+profit)/current lay price
(10+5)/1.90 = 7.89 lay amount
lay amount – back amount
7.89 - 10.00 = -2.11

Of course the program does all the calculations for the stake automatically based on the current prices.
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Re: Stop loss not hit
« Reply #5 on: 12 Dec 2013, 19:58 »
In order for a stop loss to work it is necessary for a specific bet to be matched. If that bet is not matched, the stop loss will not work. So, do not place undue reliance on a stop loss. I never use them, certainly not in markets which lack liquidity, as they fail far too frequently, not because of any faults/defects with software but because of unfavourable market conditions.

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Re: Stop loss not hit
« Reply #6 on: 12 Dec 2013, 23:09 »
Thanks for the replies. I notice on the software when the stop loss hits that it asks me to confirm whether i want to do it or not? is there a way to just do it without me having to click "Yes" etc;?

Thanks

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Re: Stop loss not hit
« Reply #7 on: 13 Dec 2013, 06:12 »
hi
in the settings at the top of the bot screen.
general options.
untick  request confirmation for every critical operation


mcbee
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Re: Stop loss not hit
« Reply #8 on: 13 Dec 2013, 09:28 »
That's alot better cheers  :D

 

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