Triggering Bets at Specific Prices

[jrarmstrong]

I often trade in illiquid markets and have been using the Place Bets spreadsheet to try to automate the process. I have been using the Min and Max odds columns as a range to enter positions but the often the market bounces through the range so the trigger does not fire.

To get around this is there a way of offering up prices so that when the market bounces the offer is already in the market and waiting to be taken?


Thanks

[GaryRussell]

The spreadsheet is only an example and not meant as a fits all solution. The idea is that the user studies it to see how it works and modifies it. You really need to decide exactly what you want it to do.

Can you give an example of exactly what you want it to do? ie. give example odds, how many seconds before the start and at what odds you would like it to place the bet based on those odds.

[jrarmstrong]

Sure and it wasn't meant as a criticism btw. Just trying to work it out.

In the specific example I referred to I had backed at 1.5 pre-game and placed a lay at 1.2 to close the position using the LAY-IP trigger. When the lay was matched I was trying to fire another bet in at 1.5 in case the market bounced up.

I think I am right in saying that the Min and Max odds columns provide a range to trigger bets and not to specifiy the price to place the bet at (although the price will fall within the range if the bet is triggered)?

Because the particular market I was involved in is quite illiquid I am trying to work out how to trigger the second back at 1.5 so that the order enters the market once the initial back of 1.5 is closed at 1.2. As the money will already be in the market the lack of liquidity will not be a problem.

Thanks

[Tarmac]

Hi - can you advise where you are picking up the min/max odds from? Thanks
NG