Horse racing and stop loss in-play
Posted in From My Inbox by StefanBelo
Hello,
Could you please tell me how your stop loss in-play operates? Does it operate by first triggering at set odds then requesting those odds at the exchange? (Like Bet Angel).
Or does your stop immediately fire a bet into the market at the best available odds? In the first case, its virtually impossible your bet will get matched as the market will have moved by the time the trigger and request takes place.
Thanks, Wesley
I think you should read first following:
Basically when you use the bot executor you want to run some betting or trading strategy, you want to run some action. Those actions are in this case represented by bot scripts. It can be just placing a bet, or executing trading strategy, or just placing dutch bets on all runners or just selected ones, or you can close your position.
Those are actions. In some cases those actions bots implements some kind of triggering as well, but with bot executor you can add to those actions criteria at which all executed, trigger actions.
The bot executors offers two types of triggers. The market triggers and selections triggers, you can combine them together if necessary, so you can set your bot so it is executed when preset selection is trading in some odds range, or when some market parameters reaches preset parameter.
In your case if I understand it correctly you want to trigger placing a stop loss bet. So you can set trigger criteria to be executed in some odds range, and bet placed in preset odds range, or in exact odds/price.
Again, placing a stop loss bet can be done in 4 ways, so you can test what most suits your needs, have a look at following action bots in the bot executor:
- Place bet
- Place bet and close position
- Close position
- Close position on the Outcome
Bfexplorer offers the practice mode so you can test anything without risking your money, the bet placing is just simulated but the system acts like your bets were really placed at betfair.
Read some articles on the forum:
http://bfexplorer.net/Forum.aspx/SiteMap
