Back the Likely Winner Automation Bot for Horse Racing

[greety]

Will do Dallas.

[greety]

new bot losing trade.png

This is what happened with the new bot Dallas. Perhaps this isn't such a clever idea.

[Dallas]

Your always going to get some races where the 2nd fav is not above 6.0 when the fav trades below 1.5 and the rule triggers

[eskdale48]

Hi,
I am looking to back the 1st horse to hit around 2.2 in running then as back up i need to create another rule so the bot will back another runner who hit's the same price as a back up if the first horse doesn't go on to win. One of the rules works perfectly and places the bet @2.2 but i think it is the first bet that is proving problematic as it is placing a back bet as soon as the race goes in-play on the fav?

I have downloaded the original file from Feb 2016.


Any help would be appreciated.

[Dallas]

Your second back bet has no 'fixed odds condition' to say the selection is < 2.2 so this rule is just triggering as soon as the race goes in play.
I would also add a 'number of matched bets condition' on market is equal to 1,
That will prevent it triggering until after the first runner has been matched

[eskdale48]

Thanks Dallas, will try that later.

[eskdale48]

Hi Dallas,

The bot now places the 1st horse correctly when it hits the in-running price but then backs the same horse again slightly after the 1st horse. I was only after it placing another bet once another horse hit the in-running price trigger.

Any ideas.

Thanks

[Dallas]

Hi Dallas,

The bot now places the 1st horse correctly when it hits the in-running price but then backs the same horse again slightly after the 1st horse. I was only after it placing another bet once another horse hit the in-running price trigger.

Any ideas.

Thanks

If you made the two changed i posted above to the 2nd back rule it should work this way, i've just tested on last two races myself and both triggered correctly.
It should look like the image below

[greety]

Hi Dallas.
I've just tried this on the first few races this afternoon. My first horse to hit 2.2 matches, but not the second bet.
Also with an odds on shot, the first bet places as soon as the race starts and waits to be matched. My conditions are the same as you posted (I think).

[Dallas]

On the first back bet (the one highlighted in your image) the conditions should be left as they where in the rule uploaded by 'eskdale48' and just be;
in-play
last traded price <2.2

The image i posted above was the conditions for the 2nd back bet
in-play
number of matched bets on selection equal to 0
last traded price <2.2
number of matched bets on market equal to 1

[greety]

Thanks for your help Dallas. Got it sorted now.
And thanks to eskdale for the original post.

[joebloggs123]

tried this in practice mode paper traded for over a week £15 stakes 1.15 odds in play last traded price is less than 1.20 green all profit is less than - £7.50 decent profit, went in to real cash massive losses trades not been taken only gets taken when the horse drifts back at odds a lot higher than the original ask for odds then does not get layed for any amount even though it is set to trigger 3 times now these settings are set lower than your original bot with a stop loss set in place only the stake is a bit higher i guess what i am saying is these bots are great when in practice mode but render pretty useless when using real money and any newbie trader will be in the poor house in no time at all it is if the markets no exactly know that your trying to manipulate them and get an edge peter webb boasts about all his trading strategies and posts videos on you tube but as never ever shown anybody how to make one penny from trading he is a front man for bet fair this is in no way a slur on yourself and i think it is a great thing you do to help new traders to try these bots and tried to make an edge for themselves i don,t think the software is quick enough to catch the trades when there volatile,

[Dallas]

it is set to trigger 3 times now these settings are set lower than your original bot with a stop loss set in place

Im not sure why you would be triggering the rule 3 times at such short odds and especially when using a stop loss. Using a stop loss in-play is definitely not recommended and their is numerous threads on this forum regarding that, using one when trading in the final seconds of a race at these type of odds is possible the very worst thing you can do as you say the market is extremely volatile.
If you were to go back through your losses you'll probably find the majority that where stopped out for a loss actually went on to win, also by triggering the bet multiple times the ones that lost were probably backed more than once which would of increased the amount lost.

i don,t think the software is quick enough to catch the trades when there volatile,

If your refreshing at 20ms (that's 50 price updates per second) the software can't really get much quicker, this is certainly way quicker than any manual trader could react so the automation is in near real time. However you have to remember that when a bet is submitted by Bet Angel Betfair park it for a whole second before placing it into the market, this is something that they do to all in-play bets for all sports and their is nothing that can be done about it except to work with it and factor it in

peter webb boasts about all his trading strategies and posts videos on you tube but as never ever shown anybody how to make one penny from trading he is a front man for bet fair

In regards to Peter has actually traded live and in front of people on many occasions and also runs a number of courses and has done for some years now, many traders including plenty that use this forum and have done for many years have attended one or more of his courses and lot have gone onto to become full time professionals

[joebloggs123]

ok thanks for the reply

[Swimming999]

hiya dallas

it keeps saying when i download it that it was created with the differnt version of bet angel ,

i am using Version 1.47.0