sionascaig wrote: ↑Mon Mar 11, 2024 11:19 am
Interesting discussion...
I'm still a fan of using automation whenever possible as don't have the skills to go down some of the coding roots and certainly prefer that to hooking up an excel spreadsheet.
But back to the OP's idea of building up a suite of (basic) functions to help folks get stared, maybe a "quick" win is just developing the functionality to exclude certain markets / time periods within markets, say by automation that will send an alert that: market is not suitable, market is no longer suitable for scalping.
A quick scan of the forum pulled up the below post by Dallas listing some things to avoid / be aware of in relation to scalping - it would be quite straight forward to use automation to filter out / stop / close trades / start scalping etc? (as a start anyway)
Dallas wrote: ↑Thu Aug 11, 2016 11:07 pm
I dont do much scalping myself but when i do my general guide is.
*Don't go race to race trying to scalp everyone the sameway instead be selective and look for the race types and times that best suit this method.
*Avoid all Maidens, Novices 2yo races etc
*Avoid races with short priced fav's
*Look for a competitive h'cap or the better quality races which have the front few in the betting priced similarly (ie 4.0 - 7.0)
*Target runners trading in a tight range and ignore anything thats been trending in a direction (unless directional scalping) or has a betfair chart that looks like a heart rate monitor - or you may end up needing one!.
*Wait till the market is turning over at a decent rate somewhere around a £200 per second average increase, the quicker you can be in and out or in and scratch the better.
*Pay close attention to the previous race going in-play and especially to when it finishes - at these times there will be a influx of money as people start to take positions and this can change everything - even runners that have been rock solid all day could move several ticks at this time and never come back so best just holding back around these periods till things settle again.
* Use the Risk Meter on the Bet Angel over view screen this will give a clear indication to the overall activity - the lower the better when scalping.
and when your not doing that keep reading this forum, the BA blog and watch more video's.
I only bet AU and NZ races so my comments refer to those
There is no point excluding via race type itself it depends on the price points in the race
Short Price F1 tend to blow out and make great scalping for ticks
This whole 4-7 only works for the higher quality races and it really a limiting factor
Tight Range targeting - well this is the very thing I am saying we need more information to decipher the markets as a candidate or not
Markets tend to gap more than turnover money here especially in smaller races -- to be determined really and maybe something to capture
In Play - well it is best to scalp from 2.20/45 second to be honest -as if a move it still happening under 30 seconds it is very likely a loss -- so some filter for amount of time will be necessary - so to trigger a trade at 50 seconds the threshold will be different
Again all this information is needed and what I was talking about is just a start until it is determined which factors tend to outweigh others
So it seems you guys are saying just build the functions moreso via excel formulas than add in other code for speed reasons -- OK will consider this - as I can do excel work on my own to some degree
Basically I am a strategy person - not a coder -- so I will bumble along and see what I can come up with
It just comes down too - that all the generic -- look at this - look at that -- does not work in the real world -- to make something work properly requires the information in real time then some analysis as to why something works or not - and if it is trackable and verifiable.