automation

[RogerTaurus]

I am new to automation so please bear with me. i have constructed a rule to make a lay bet between two prices 10 and 15 how can i create a rule that places a back bet at 5 ticks above the price that was either fully placed in the market or entirely unmatched say it was 13. how do i use the price of 13 to set the trigger 5 ticks higher for the back bet

[Dallas]

On the parameters, tab use either 'Offset bet' OR 'Offset bet with greening'

If you only want it placed once the lay is filled also tick the fill/kill option
or to have both placed at the same time leave the fill/kill unticked

[RogerTaurus]

Thanks Dallas for that help I now understand how to use the offset.

What would you do if you wanted to place the back bet at a different amount say the lay bet was £5 but you wanted to place a back bet at £10 you couldn't use the offset bet then you would have to use a separate back bet, so how would you tie that in to the original lay bet's matched price plus five ticks?

[Dallas]

Thanks Dallas for that help I now understand how to use the offset.

What would you do if you wanted to place the back bet at a different amount say the lay bet was £5 but you wanted to place a back bet at £10 you couldn't use the offset bet then you would have to use a separate back bet, so how would you tie that in to the original lay bet's matched price plus five ticks?

If you wanted both placing together then you'd need a back and lay rule and just set each where you want them placing at on the parameters tab

If your lay was being placed at 2 ticks below the best reverse price then the back would be placed at 3 ticks above the best price to create your 5 tick gap
Or if you lay was being placed at the best reverse price then the back would be placed at 5 ticks above the best price to create your 5 tick gap

[RogerTaurus]

Thanks Dallas that has been very helpful things are much clearer now.