CANDLESTICKS / Matchsticks / Last traded price chart

Help improve Bet Angel.

Would you like to see candlestick movements next to ladders?

Poll ended at Mon Aug 10, 2015 12:05 pm

Yes
42
82%
No
9
18%
 
Total votes: 51
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Euler
Posts: 24675
Joined: Wed Nov 10, 2010 1:39 pm
Location: Bet Angel HQ

icarus121 wrote:Haha.......hope you do remember as at a guess i reckon even P.W will be struggling to make head nor tail of the sticks! Your all better men than me then ,i can't see anything with any confidence from them. At all! :oops:
Steve (mugsgame) seems to do ok i guess,when he went over to the darkside. Look forward to it!
There is always a massive difference between inventing something to use and inventing something for marketing purposes.
smoothoperator
Posts: 22
Joined: Mon Mar 15, 2010 1:08 am

That's very true. I am not sure exactly what you are referring to, but it is true!
smoothoperator
Posts: 22
Joined: Mon Mar 15, 2010 1:08 am

Peter, thanks very much indeed for installing these matchsticks or whatever we are referring to them as. They have made BA fully usable for me in day to day trading and I had a nice green day with it yesterday :)

These are perfectly usable, but in case it is simple to do, I would like to suggest one possible improvement...

The gap to the right hand side of the chart - there is no gap, not even 1 pixel. If you could add just 1-3 pixels between the final bar drawn on the chart (right hand side) and the green up ladder, that would be good, sometimes its hard to see that latest bar which is often the most important one. Ideally making this a variable option as you did with the chart size etc, that would be really good!

Thanks again for featuring this in BA, I feel totally at home with it now and I know a few others do too, people who don't have accounts on here.

Cheers
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Euler
Posts: 24675
Joined: Wed Nov 10, 2010 1:39 pm
Location: Bet Angel HQ

You can insert gaps across the ladder at will from the settings area. Have you had a fiddle with the settings in there?
smoothoperator
Posts: 22
Joined: Mon Mar 15, 2010 1:08 am

Thanks Peter yes I have played with that. Trouble is you can adjust the gap OUTSIDE the chart box, but that just keeps that last bar next to the box border, I meant is it possible to add some white space after that last bar, before the border of the box?
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Hambleden
Posts: 32
Joined: Mon Jul 07, 2014 10:12 am

I have downloaded the latest version of BA but I can't see the candlesticks/matches..whatever.. beside each ladder as in smoothoperator's attach. How do i get them please?
Bet Angel
Bet Angel
Bet Angel
Posts: 3999
Joined: Tue Apr 14, 2009 3:47 pm

You switch it on via the Ladder Settings page. Please see this video:
https://www.youtube.com/watch?v=2TZSbFSEEF0
Hambleden
Posts: 32
Joined: Mon Jul 07, 2014 10:12 am

Got it ...many thanks BA :)
sherman
Posts: 33
Joined: Mon Mar 24, 2014 10:58 am

icarus121 wrote:Stop it! Next thing Peter will be charging comm's when using the software. :idea:
With respect to all it seems horses for courses to be fair.The technical charts are the dogs ....found it best to play about with them for a while ,and sit watching/recording for days.Happy to share what chart settings that i use ,if its a starting point for anybody.Guess the other software works as well ....all good.
Hi Icarus121, I would be interested in taking a look at your chart settings thanks ..
smoothoperator
Posts: 22
Joined: Mon Mar 15, 2010 1:08 am

Quick question.....

Stop losses - I have never used any automation rules in BA. I want to place back bets on horses and leave them for an hour or so, but with a stop loss in place in case it moves more than x ticks against me. I have used the right click SL function before, but i tried this and the SL cancels when i change markets. I want to back several runners, any ideas how to set a SL which stays in place when I switch to another ladder?

Thanks
sherman
Posts: 33
Joined: Mon Mar 24, 2014 10:58 am

[quote="smoothoperator"]Peter, thanks very much indeed for installing these matchsticks or whatever we are referring to them as. They have made BA fully usable for me in day to day trading and I had a nice green day with it yesterday :)

Hi, can you point me in the direction to learn how to trade using the matchsticks for entry / exit points ?
trader-eric
Posts: 15
Joined: Wed Jun 10, 2015 7:49 pm

Hi, I will be subscribing to Betangel-Trader when my trial finishes later this week and I'm hoping the Matchsticks will be updated in this version also, can anybody confirm either way please.
As a previous user of a competitor product I agree wholeheartedly with Smooth Operator that they are invaluable and even if they only serve to replicate a feature that a potential new customer is used to having and working with I'm sure many more will make the switch to Betangel like I am.
In fact in a recent survey I replied to I stated that Take SP was the no1 feature I like (that the competitor doesn't have) and the candlesticks was the no1 feature BA was missing. That was before I noticed this thread topic on my desktop yesterday and swooped on it. I was only saying to my wife a few days in from trialing BA that it was great, way better than xxx's , It's just a pity they don't have the LTP Matchsticks right next to the ladder where your major focus is and because I'm used to relying on them for a few strategies like Smooth Operator. Again, I hope they will be included in the basic Trader version be it for technical or marketing reasons as they were a conspicuous omission from my first look at BA and a fundamental trading tool In a key part of the screen like SO states. I have no requirement for automated trading or Guardian (at this stage anyway) and don't want to come across as wanting everything cheap in terms of not subscribing to professional for it, I genuinely consider this feature as part of a manual, cutting edge trading kit.
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Euler
Posts: 24675
Joined: Wed Nov 10, 2010 1:39 pm
Location: Bet Angel HQ

They will be updated in trader, we just don't like to do major updates just before key sports events.

Perhaps one of their exponents will be kind enough to tell others how they should be used. There have been quite a few requests on this thread.
smoothoperator
Posts: 22
Joined: Mon Mar 15, 2010 1:08 am

Hi all, just to reiterate TraderEric's point, yes even if the matchsticks don't form the basis for a trade (which it doesn't for me very often) the fact they are there and "used to them being there" during trading, being without them basically makes BA feel very alien and unusable at times, hence why I am SO grateful to PW for listening to this thread and acting so quickly to get them included. I know quite a few people converting back to BA now just like I have, and I have no doubts I will never need to even consider other software again, top man Peter :)

As for how I use them, I did explain in my first few posts where I asked for these matchsticks. I don't have a method, certainly not a holy grail for how to make money out of matchsticks alone. I just have what I have managed to work out myself while considering going on a BA Academy course to learn how to trade "properly" :D

In a nutshell, I sit and watch live racing looking for reasons to trade. I scan betting sites, news, form data, patternform, racing post etc, then I listen intently to commentary. During the last 10-15 minutes pre off, I will be watching those matchsticks like a hawk, with one ear taking in commentary and occasionally glancing at the pics of the paddock etc.

I am basically looking for an easy opportunity. This could be a horse sweating heavily, a jockey having trouble with a horse, some bad comments from the talking heads etc etc. I can't list all the possibles, basically just anything which I think will make a punter suddenly back a horse, or wish he hadn't backed it!

Example: A horse is sweating heavily, if I am lucky I will spot it before the commentators talk about it. In which case I have laid that horse. Before I lay I will be looking at the matchsticks though. if they are stable, knocking along at 2 solid prices forming not only a nice green 2 tick range on the traded Vol bars, but the matchsticks (which I use more as my visual guide) are solid horizontal bounces. I will place my lay order just above that range so it has to move outside of that horizontal racking before i go in. Then i watch while my lay is in. The commentator might mention the sweat and i will stick another lay bet or two in. All the while it should be drifting strongly. During this trading time, I am focussed strongly on the LTP matchstick charts of my horse, and the next 3-4 competing ladders. I would want to see the others getting backed to balance the book and confirm the punters are going more into those in favour of the fave/sweating horse. IF this doesn't look the case, which i find easiest to spot via the matchsticks, I will come out sooner. Likewise, after my drift finishes, it can whipsaw back very quickly. But the matchsticks give a good few seconds of warning usually, which always saves me handing back half my trade green, sometimes all of it. The bars will be rising like a ski slope, but when the market has had enough of the drift, it will steady off for at least a few bars, before coming back in. That is the point I will exit my trade, and often get into backing it back down, IF the matchstick charts on the other runners show they are being laid back up.

That probably makes no sense, but its the best way I can explain how I use them, but only one example.

In short, the matchsticks for me are a way to judge VERY VERY QUICKLY what each horse is doing, coming in or going out. So if I open a market and instantly see 3 downward steamers (fave, 2nd fave and 4th fave) and the 3rd fave is drifting upwards, I will get on a lay of the 3rd fave and the chart is my way of managing that trade for however many seconds or minutes it might last. Often the 3 steamers will flatten off or turn around a few seconds BEFORE the 3rd fave turns back down and ends its drift. In which case, again, I have what I feel is advance warning. Without the charts, I just can't see that advance warning. I am 99.9% certain that PW will get all this advance notice and information from other charts, or sources. But for someone like me without tons of screens, practice accounts, etc etc, I find matchsticks the simplest and easiest way to get a quick look for a trade, and a quick look to get out of one too.

Just over the time since these charts were put into BA, it has saved me countless ticks of handing back profit, and some losing trades too.

P.S. I should also mention, I have one side screen and on that I have the Market Overview line chart fullscreen showing all the runners and how they interact. In the case of my 3 runners steaming example above, the MO will give further credence to the idea that those 3 will influence the other one I decide to trade, as the graph will show how well those runners are interacting.

That's about the best I can do for an explanation. Sorry if it's lacking, which I am sure it is! I am NOT a pro trader, I am a learning trader who has been trying to be a pro trader for many years! I do trade full time, but until it's paying my rent and food bills, I don't consider myself a pro. Take this information with caution, I am only sharing due to being asked!

If you want to learn to trade properly, I would say go to a PW workshop! That's what I hope to do, to further fine tune what I am doing and find some new nuggets to add to my tool kit. :)
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to75ne
Posts: 2411
Joined: Wed Apr 22, 2009 5:37 pm

so in essence it seems the sticks contain no "intrinsic/built in" information, and little predictive value? or have i not understood correctly?
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