Trading - profit target & stop-loss

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Trading - profit target & stop-loss

Postby Mr Do! » Mon May 09, 2011 8:03 pm

Hi
I'm a new member and although I've looked I can't seem to find an answer to this (but apologies if it's already here and if so I'd be grateful if someone could point me in the right direction).

I'd like to follow a trading strategy whereby once I've placed my bet (back or lay) I can then set an in-play automated profit target and a stop loss - ie whichever is triggered first cancels out the other (so I either make my profit target or get out with my acceptable loss). I would like to be able to set it up for a football match or horse race and let it run without needing to be at the PC - so any market suspension would not cancel either bet but so that only one of the bets is triggered. I'd also like there to be a level profit option if possible.

Can this be done using BA or via a spreadsheet and if so please can someone either explain what I need to do or tell me if a spreadsheet is available (and provide a link if possible).

Any help appreciated.
Thanks and kind regards
Neil
Mr Do!
 
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