trying to find a close trade condition

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stefan084
Posts: 111
Joined: Tue Oct 31, 2017 5:52 pm

I'm trying to lay a horse at the starting lay price and then close out if the back price gets to one half of the starting lay price for a stop loss. any help would be greatly appreciated-- ty Stef
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ShaunWhite
Posts: 9731
Joined: Sat Sep 03, 2016 3:42 am

Which part are you having difficulty with, the initial lay or the stop ?
stefan084
Posts: 111
Joined: Tue Oct 31, 2017 5:52 pm

the stop. getting it to back bet when the odds (of the back bet) get to 50 percent of the lay bet. my initial lay bet stakes will always be $1. if I put a close trade profit w/ greening < -$1 would that be the same? because say for ex. I lay $1 @10 , then the back odds drop to 5.0 and I put $2 on that it would give me a loss of my original $1, so I wouldn't have to worry about the whole liability. I think I'm overthinking it and getting myself more confused. simple version if my lay stake is $1, I only want to lose that $1 not the whole $10 if the horse would go on to win. :|
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ShaunWhite
Posts: 9731
Joined: Sat Sep 03, 2016 3:42 am

If you use the same initial stake then i think the best way would be to have a green up condition as you suggest.

There's no way to have a condition that relates to percentage of the SP or a percentage of your net price (breakeven price), which is a shame.
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