Place bet & close position bot with hedging profit and keep losses on the runner

Posted in Betfair bot for this week, algorithm and strategy by mapper

Hi Stefan,

Could it be posible to enhance current PB&CP bot with option to do not hedge losses? Maybe this can be helpful also for other users in built-in bot.

Thanks very much in advance!

Wednesday, November 24, 2010

Comments (3)

1. StefanBelo Says:
   Wednesday, November 24, 2010

   The betfair bot "Place bet and close position" offers the parameter StopLossOnPercentageLiability. If you set this parameter to 20, it would mean that if your position is in 20% of loss from your total liability on your bet a hedge bet is place to close your position in the loss.

   Using of this parameter is not required, so if you set this parameter to 0, no hedging bet will be placed when your position is in a loss.

2. mapper Says:
   Wednesday, November 24, 2010

   Ok Stefan, I know and understand this point. I want to know if there can be added some setting to close position on loss (20% or ticks) without hedging.

   So if bet is in profit (some ticks) then hedge. If bet is in loss (some ticks) then close without hedging (keep loss on one horse without afecting others).

   I know that there was some bot (for Mir) which not hedge but I want to hedge profits only.

   Thanks!

    

    

    

3. StefanBelo Says:
   Wednesday, November 24, 2010

   How to use ExecuteBotCriteriaDataFile or ExecuteConcurrentlyBotCriteriaDataFile to build your betfair bot without programming

   Bfexplorer PRO offers two types of betfair bots you can use to build your advanced bots without programming: ExecuteBotCriteriaDataFile or ExecuteConcurrentlyBotCriteriaDataFile

   Please read the following article: Bot Executor and building advance bot without programming

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