Has anyone actually built a succesful Excel system yet?

Discussion regarding the spreadsheet functionality of Bet Angel.
LinusP
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Joined: Mon Jul 02, 2012 10:45 pm

I believe the majority of PeterLe's systems use BA's Excel functionality and he has done alright over the years 8-)

I used to use excel but as xitian has mentioned, if you can program you build programs which are more powerful and dynamic.
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Euler
Posts: 24701
Joined: Wed Nov 10, 2010 1:39 pm
Location: Bet Angel HQ

LinusP wrote:
Tue Apr 18, 2017 8:05 am
The big one is strategem.

http://www.stratagem.co/

https://www.ft.com/content/fb69df78-286 ... 144feabdc0
Stratagem are absolute peanuts and late to the scene. They raise money privately to start their business so you have to question why they needed to do that? There are about six large syndicates in London that I've talked to at one point or another but they are not syndicates in the true sense of the word.

The flaw with these types of business models is that the market just is not big enough to scale up enough. So all but the top 'syndicates' exist to extract money from people rather than make it for them.

I'm at the limit of what can be done in the markets, any bigger and you distort them. So I have never felt the need to recruit more people or raise money to deploy in the markets. The ROI when you trade successfully over thousands of markets is so high you never need to raise money any how. You actually end up with the opposite problem.
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Euler
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Location: Bet Angel HQ

On the subject of Excel, we created the integration very early on to use it to quickly test and write stuff without the hassle of having to code and there are a lot of people that only use Excel.
PeterLe
Posts: 3715
Joined: Wed Apr 15, 2009 3:19 pm

LinusP wrote:
Tue Aug 15, 2017 10:27 am
I believe the majority of PeterLe's systems use BA's Excel functionality and he has done alright over the years 8-)

I used to use excel but as xitian has mentioned, if you can program you build programs which are more powerful and dynamic.
Liam,
Just passed my tenth year on Betfair!
Certainly up to Around 2012, I only ever used betangel/excel and returned well over six figures but not quite seven 😀 It was phemoninal
From that point onwards the profits dropped month on month and at that point I moved onto my own programs. I employed programmers to create programs Build to my spec (c#). After streaming, had a new program written and at the same time I learned C# such that I could do basic modifications etc I still run those today, but the profits are nothing like these days sadly!

Excel - if it based on speed, you will never be able to compete with the guys on here who have build their own programs. Having said that I'm sure many are still doing very well with systems that are not speed dependant

For the bespoke programs, I've met a few of the programmers and they are SMART and extremely dedicated. I really do take my hat to them, they earn every penny they make.
Regards
Peter
topfour
Posts: 4
Joined: Fri Jul 07, 2017 2:27 am

karnage wrote:
Mon Apr 17, 2017 12:23 pm
I'm just wondering if anyone of you has built a successful trading system, where it's trading on the odds as opposed to betting on the outcome of a race ? I just thought I'd pop by and tell you what I've been doing.

I'm in the process of developing a trading system. So far I have a system that "records" the data I want, I've added a load of VBA code to write in the appropriate formulas for moving averages and a number of other technical indicators. Writing code that has needed lines like this
formula1 = "=ROUND((B" & RowCountasString & "+E" & RowCountasString & ")/2,2)"
was probably the most painful bit of coding I've ever done. Would not recommend.
My professional programmer friends laugh at VBA , because theyre into C++ and Python etc, but as far as I can see, there's no programming problem I cannot solve with this language for this system.

I've also built in a testing system where I can simulate trading on my data. So for example if I want to test what would happen if: "I do a lay at every short/long moving average crossover, in the expectation the odds will move higher, and back it a bit later for a profit", I can put this into my code as the criteria for opening an "up" trade, and run my simulation to see what happens (clue: its not profitable)

My latest idea is some fairly complex stuff to get my system to "learn" from my data and technical indicators and assign weightings to various variables and factors in my data.

I'll let you know how I get on, if anyone's interested.
Hello, i am really interested in how to scalp on Excel. I would like to be able to set up a model and experiement from there. Horse trading is my main interest.. Hoping you can assist me ... topfour.
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