Setting up Tick Offset

[easternpromise]

I am trying to understand how the tick offset works and if it can help with my betting routine.

I would like to lay the favourite horse at beginnig or the race but then back it at say 5 ticks higher if it starts losing.

Should I...

tick trading mode
tick keep in play
set tick offset to 5 ticks.

Is there anything else I should do?

Also do I have to place the initial lay bet with a spreadsheet or do I can I use BA.

[GaryRussell]

Trading mode is not required.

If you are laying before the start of the race then you should tick keep in play so that the offset bet is carried in play.

Yes, set tick offset to 5 ticks.

You should change the above settings before placing the bet by clicking on the prices grid.

If you want to automate this then you will need a to use a spreadsheet and the above settings do not apply. You would use the trigger LAY-T5-IP instead. See the user guide for more information.

[easternpromise]

Thanks Gary,

I have got the excel trigger working ok (LAY-T10-IP).

But my lay bet is a £5 stake, and when the back price goes 10 ticks higher the stake is £5. Therefore I win/lose nothing.

How do I adapt the trigger so the back stake is more therefore giving a profit?

[easternpromise]

Sorry I mean increase the lay stake

[easternpromise]

O, I think I might use a sliding stoploss instead....

Have I written this trigger correctly?

LAY-SL5-S-IP

[MarkRussell]

O, I think I might use a sliding stoploss instead....

Have I written this trigger correctly?

LAY-SL5-S-IP

If you are just wanting to use a sliding stop loss then yes your trigger is correct.

If you wanted to do tick offset with adjsuted stake to provide a level profit and also a sliding stop loss then you could use the following:-

LAY-TL5-SL5-S-IP

Regards,
Mark