Reason being...threedogs wrote:I am also struggling to understand the markets and on the theme of noticing recurring patterns I have noticed that all indicators will at one time favour a lay bet and then it seems as soon as i put a low stake on the market immediately drops 5 and 6 ticks away from my price straight into a loss situation from which it rarely recovers and when I check the indicators are still showing to lay even though by doing the opposite and backing I would have made a good profit .. I cant understand why it does that....any ideas ??
You are taking money off someone else who has offered money on the back or lay side of the market.
Very often these are called market makers and run some very dedicated/sophisticated bots which will shift the odds in their favour to complete their book and make a profit overall. What their bots are doing is not possible in BA or other commercially available products.
They are usually built to do one thing and overall they do it very well. Obviously.
You can still do it but you need to be very fast at entering TRUE scratch trades asap if the market does move against you. This means effectively you end up backing/laying at the same odds/amounts to get a ZERO outcome where needed. Again, that is not possible (automated) in BA or alike etc.
However, what you can do is OFFER money into the market on both sides when the price has been stable for > 60 seconds and the current WOM is between 45 and 55. You would probably need to do that in Excel automation has you really only want to compare the WOM for the current back/lay amounts offered and not the 3 best on either side etc.