Trigger Help

[mak]

I don't know if this is possible & every help or idea is more than welcome

after some calculations I am using this trigger "BACK-TL40-F120" with a CLEAR option

the problem is that at the time the back bet is submitted sometimes the 40 ticks for laying are not available but there are 20 or 10 ticks (even 80!)

Do I need to add somewhere the update trigger in order to match my lay bet? (always IF the back bet is matched already).

thanks in advance

[doris_day]

the problem is that at the time the back bet is submitted sometimes the 40 ticks for laying are not available but there are 20 or 10 ticks (even 80!)

Can you clarify what you mean by this...

[mak]

Can you clarify what you mean by this...[/quote]

Hi,
I mean that at the time the back bet is submited (right after the market turns in play after suspension the market isn't "clear" yet so the odds may differ a lot at the first 2 minutes.

So what I need is to "find" (I would prefer without a macro") what are the best odds for my lay trigger.

Always if the Back bet is matched

[doris_day]

So what I need is to "find" (I would prefer without a macro") what are the best odds for my lay trigger.

Well this surely depends on the strategy you're using. If in the long term you will maximise your return by a 40 tick offset or a 10% offset then that is what you should use. The fact that the market hasn't reached (or is beyond) your target offset price is neither here nor there. If the market hasn't reached your price then you have to hope that it will and/or build in a sliding stop (if that is needed by your strategy) and if its beyond your target price then you will gain the extra value automatically.
If on the other hand your strategy is dependent on the size of the spread between the Back and the Lay prices then this would need to be added to your code but is quite trivial to do, depending on what rules you have.

[mak]

Doris
first let me thank you for your time

I think what I need is somehow simple (besides it is for test proposes now)

I want my lay bet to get matched (at whatever best lower odds are available

I am asking about the trigger ("BACK-TL40-F120") & especially the UPDATED one (I have to clarify that I use BA only for a month)

for example if I have this trigger "BACK-TL40-UPDATE-F120" will it update only my lay odds & stake or should I use UPDATESTAKE or nothing will happen each way so I am totally wrong about this and should try it from a different angle....

[doris_day]

TL40 will Lay at 40 ticks lower than that matched with your BACK command and at a stake which will give you the same profit if the selection wins or loses, assuming you get matched. PL40 would create a Lay at a price 40% lower, rather than 40 ticks. If you simply want to get matched at the best price possible, I'd suggest you look at the data to see if this is a winning proposition as I doubt it will be.
I'm not certain if you quite understand the commands available correctly. That or I don't understand your strategy.

[mak]

TL40 will Lay at 40 ticks lower than that matched with your BACK command and at a stake which will give you the same profit if the selection wins or loses, assuming you get matched. PL40 would create a Lay at a price 40% lower, rather than 40 ticks. If you simply want to get matched at the best price possible, I'd suggest you look at the data to see if this is a winning proposition as I doubt it will be.
I'm not certain if you quite understand the commands available correctly. That or I don't understand your strategy.

I think I understand correct most of the triggers (except UPDATE) so let me say it in another way

1.Say for example that I BACK 1€ at 300 odds & get matched then when the market settles down my selection is backed at 80 odds and it is layed at 90
How to determine my lay bet & if yes in what way?

2."BACK-TL40-UPDATE-F120"

UPDATE trigger
" Update odds of unmatched bet.
If the odds column is different to the current odds of the unmatched bet then the bet will be updated and the bet reference will be replaced.
When using this trigger there is an option to have N appended to the new bet ref which you set prior to logging to Excel.

If I use this trigger will it update my LAY bet?

[doris_day]

1.Say for example that I BACK 1€ at 300 odds & get matched then when the market settles down my selection is backed at 80 odds and it is layed at 90
How to determine my lay bet & if yes in what way?

Well, you need to determine what price you're willing to trade out at. If you want to trade out at a given number of ticks or a given percentage. You have to decide that, before you code your algorithm. For instance, in this case if you'd used PL50, you would have offered a lay at 101.0 and if the 90.0 was in the market before you, you would have traded out at 90.0 but if you came in before the 90.0, you would have been matched at 101.0.

An alternative would be to trade out manually using the 'Level or AltLevel Profit' columns.

[doris_day]

I dont think the UPDATE will affect the offset bet because in your case you've asked to trade out at 40 ticks lower than your 300.0 and this will stay as is, as far as I'm aware...

[mak]

Thanks doris
I normally do this manually & would like to automate it

Any ideas form anyone?

[doris_day]

You're asking an impossible question without stating what sort of profit you want to lock in after your bet is matched.

[mak]

You're asking an impossible question without stating what sort of profit you want to lock in after your bet is matched.

I don't think is impossible (when I find out I will let you know)

Regarding the profit I don't care as long is a profit !
Just looking for the best possible odds...

[doris_day]

Well its impossible if you can't state the criterion required to trade out.

If you don't care what the profit is then simply use TL1...

[mak]

Possible solution (I am testing it)

Gary posted this code http://www.gruss-software.co.uk/forum/v ... ight=ticks


There is also the trigger

TFn = Submits a Tick Offset bet where n represents the odds to use for the offset bet.

You can monitor this way the available odds & request some ticks plus

So the trigger goes BACK-AB5-F60
In cell aa5 i have the formula plusTicks(f5;3)
In cell AB5 i have the following concatenate formula ="BACK-TF"&AA5&"-F60"

bets are submitted & canceled (haven't got anyone matched yet) & my only question (probably Gary can answer this) BA reads every trigger order once by time?
Meaning that the odds are always changing so when BA reads the -AB5-?

Gary?

[GaryRussell]

Yes, it will always read the odds from cell AB5 first.