I am currently running a automated system with greyhounds. 60+ races per day. The problem is i can get profit if over 30% some days but because the bot keeps running i sometimes end up with a loss.
Is there any way to stop guardian once a set profit is reached or once my account balance reaches a set ammount??
Daily profit
While it is possible with excel its not as straightforward as you would think, and not possible using Guardians automation
viewtopic.php?f=47&t=12009
viewtopic.php?f=47&t=12009
- ShaunWhite
- Posts: 9731
- Joined: Sat Sep 03, 2016 3:42 am
You loss isn't because the bot keeps running, it's because the strategy has issues. How is the first race tomorrow any different from the last race today? You're basically asking 'how do I stop a bot before it loses'. We'd all like to know that one.markybhoy wrote: ↑Sat Jul 21, 2018 1:00 pmI am currently running a automated system with greyhounds. 60+ races per day. The problem is i can get profit if over 30% some days but because the bot keeps running i sometimes end up with a loss.
Is there any way to stop guardian once a set profit is reached or once my account balance reaches a set ammount??
Cheers for the replies.
Saun its not a system based on individual races its a system based on statistics over a period of races. I understand what your saying if it was based race to race.
If i was at home betting i could stop after say 10 races if i was up the same as i could at a bookies but obviously guardian cannot do it so i will have to figure a work arround
Dallas i read your previous post and explains alot of how it wouldnt work but if i knew i was starting everyday at 11am and ending at 6pm and only cencentraing on greyhounds then i would know start and end balance. I couldnt set a loss tho as you explained but i could set a profit stop. If i knew how lol
Saun its not a system based on individual races its a system based on statistics over a period of races. I understand what your saying if it was based race to race.
If i was at home betting i could stop after say 10 races if i was up the same as i could at a bookies but obviously guardian cannot do it so i will have to figure a work arround
Dallas i read your previous post and explains alot of how it wouldnt work but if i knew i was starting everyday at 11am and ending at 6pm and only cencentraing on greyhounds then i would know start and end balance. I couldnt set a loss tho as you explained but i could set a profit stop. If i knew how lol
I think you'll find that if you program your bot to trade randomly you'll be in exactly the same situation - some days you'll hit 30% but end up making a loss!
Your bots don't seem to be profitable, and as Shaun said, stopping at a profit will not change the situation.
When you think about it, if you limit your profits but don't limit your losses you have to question exactly what your objective is.
If the aim is to reduce your losses (even to prevent you from losing money won), it suggest's the trader is expecting to lose and perhaps the best strategy would be to not use the bot at all!
I can think of a workaround:
If you set up a file to periodically attempt a safe lay bet that commits all of your bank including the profit you hope to keep - if its there.
Imagine you have a £100 bank and wish to quit if it hits £120 or more.
If you have a file running to also periodically place a lay bet at 2's on something really safe from being matched and distant for example: Man City to win the Champions League for £120
One of two things will happen
The bet will be rejected for lack of funds - you haven't reached your target yet or the files are using the funds currently
or
The bet will be put to the market committing the funds and preventing your autotrades from using the funds.
When you come home hopefully you'll discover that you have an unmatched lay bet on Man City at 2's for £120 that you can now cancel - or you've been the lucky benificiary of an almighty fat finger and green out for a fortune.
If you set up a file to periodically attempt a safe lay bet that commits all of your bank including the profit you hope to keep - if its there.
Imagine you have a £100 bank and wish to quit if it hits £120 or more.
If you have a file running to also periodically place a lay bet at 2's on something really safe from being matched and distant for example: Man City to win the Champions League for £120
One of two things will happen
The bet will be rejected for lack of funds - you haven't reached your target yet or the files are using the funds currently
or
The bet will be put to the market committing the funds and preventing your autotrades from using the funds.
When you come home hopefully you'll discover that you have an unmatched lay bet on Man City at 2's for £120 that you can now cancel - or you've been the lucky benificiary of an almighty fat finger and green out for a fortune.
- Kafkaesque
- Posts: 886
- Joined: Fri Oct 06, 2017 10:20 am
ShaunWhite wrote: ↑Sat Jul 21, 2018 2:01 pmYou loss isn't because the bot keeps running, it's because the strategy has issues. How is the first race tomorrow any different from the last race today?
I don't do greyhounds, so someone - preferably OP - will correct if I'm way off here, but the above sounds strange to me and not like a viable way to create a successful approach (given the other context). Makes me think that the issue is that it's a Martingale or some similar "system" that's returning to its mean return of a negative EV as the races progress.
No trading system is 100% bulletproof and no trader can guarantee profits. Taking profits as you go and not seeing them disappear is all im after. This is not a martingale system or similar. Its a stats based system.
Thanks for all the feedback anyway guys. Cheers
Thanks for all the feedback anyway guys. Cheers
I don't mean to be funny Mark, but the only way to stop your profits disappearing is to stop trading for life. If you stop betting for the day they can disappear the next day. Making money and losing it the same day is only different to making money one day and losing it the next, psychologically, because you were happy to be in front for one day. Put on your trading hat and you'll realise it's exactly the same thing!markybhoy wrote: ↑Sat Jul 21, 2018 8:07 pmNo trading system is 100% bulletproof and no trader can guarantee profits. Taking profits as you go and not seeing them disappear is all im after. This is not a martingale system or similar. Its a stats based system.
Thanks for all the feedback anyway guys. Cheers
Last edited by Derek27 on Sat Jul 21, 2018 9:52 pm, edited 1 time in total.
Have you done the stats on limiting your profit?markybhoy wrote: ↑Sat Jul 21, 2018 8:07 pmNo trading system is 100% bulletproof and no trader can guarantee profits. Taking profits as you go and not seeing them disappear is all im after. This is not a martingale system or similar. Its a stats based system.
Thanks for all the feedback anyway guys. Cheers
If it’s a stats based system then you are after value and should be taking value, value doesn’t disappear when you reach your daily profit target.