Stop Loss Question

[andak fedal]

If your stop loss cannot be matched for a level loss at the odds you requested what happens?

Does it get partially matched and move to the next price down and match the rest?

Thanks

[GaryRussell]

After the stop loss bet is placed, it is not managed so it is possible it will never be matched.

[andak fedal]

ok, thanks Gary. Will it partially match it as much as it can tho?

[GaryRussell]

After the stop loss bet is placed it will be treated like any normal bet you place on Betfair. It could be partially matched, fully matched or not matched at all, it will not at any time be cancelled by Betting Assistant.

[jokerjoe]

One of your competitors' stop loss has two settings, one for when it's triggered and one for where to get out; eg trigger it 3 ticks below but try and fill it 6 ticks below.

[andak fedal]

This would be very useful but I'm very happy with the software thus (or should that be gruss) far.

I am a programmer but this is way out of my league.

[GaryRussell]

One of your competitors' stop loss has two settings, one for when it's triggered and one for where to get out; eg trigger it 3 ticks below but try and fill it 6 ticks below.

I know, somebody else mentioned it to me recently. I admit there is room for improvement and it will be looked at.

[andak fedal]

On a similar kind of question with the tick offest, if your reverse bet only gets partially matched or the price never reaches exactly x ticks lower will BA continue to match if the price has gone 1 tick or more better than this i.e get extra profit?

[GaryRussell]

It's the same situation as stop loss. Betting Assistant does not manage your offset bet once it is placed. If the requested odds or better become available it will be matched, Betting Assistant does not control this, once the bet is placed it is in Betfair's control. It's the same as if you placed the bet on their website. Betting Assistant is just a different interface to Betfair, it does not get involved in the matching process, it just places the bets.

[andak fedal]

ah right, thanks Gary is this because it is simply not allowed or not possible?

I thought that I would like my lay bet to be waiting as unmatched(rather than waiting to be triggered via tick offset) and the BA stop loss to only trigger if the lay bet hadn't been matched.

This would allow my lay bet the chance to catch a drift overnight. I know I could leave my comp on but I just wondered if this would ever at all be even possible?

Thanks for your help!

[GaryRussell]

You don't need your lay bet to be triggered with tick offset, stop loss can work without being used in conjunction with the tick offset feature. Sorry, the help file does not mention this because it's a new feature. The help file will be updated shortly.

For example if the current price is 2.1 and you want to lay at 2.0 with a 5 tick stop loss:-

1) Set the stop loss to 5 ticks (do not set tick offset)
2) Place your lay bet at 2.0

In the above example if your original stake is £50 and gets matched at 2.0 and price then shortens to 1.95 (2.0 minus 5 ticks) a £50 stop loss back bet will be placed at 1.94 (always 1 tick lower to improve chance of getting matched).

You must leave the market open in Betting Assistant for this to work, it cannot monitor your bets if you close the program or display a different market.

[GaryRussell]

If it does drift and you lock in a nice profit don't forget to cancel the stop loss or it could still fire. Use the "Cancel stop loss" button on the stop loss tab or it will also be cancelled if you click "Cancel all bets".

[andak fedal]

will do - cheers.

[andak fedal]

Does anybody have any tips they can give me to work around the fact thst the stop loss price may be missed and jumped over apart from the obvious and try and make sure it is as realistic as poss. I'm not concerned abou the actual liquidity really.

Gary, any ideas how long it might be before the software can fill the stop loss up to x ticks/odds or something similar? It'd be good to have a rough idea only because it may be crucial to whether my trading turns out to be profitable!

Thanks all.

[nille93ab]

Does anybody have any tips they can give me to work around the fact thst the stop loss price may be missed and jumped over apart from the obvious and try and make sure it is as realistic as poss. I'm not concerned abou the actual liquidity really.

Gary, any ideas how long it might be before the software can fill the stop loss up to x ticks/odds or something similar? It'd be good to have a rough idea only because it may be crucial to whether my trading turns out to be profitable!

Thanks all.

Has this been done? It would be a very nice feature which I miss a lot as my stop/losses are often missed. I would like to fire in a certain odds when my stop/loss condition is met. Is that not possible???