Am I doing this wrong (WoM Content)

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Niko
Posts: 282
Joined: Thu Dec 01, 2016 9:36 am

I have a rule that monitors the WoM and if after a specific time it places a lay or back bet.

Can I just confirm that if the WoM is greater than 70% you would be looking to place a Lay bet? I am placing custom ticks below best market price 1 tick.

Or if the WoM was less than 30% you would be looking to place a back bet? I am placing custom ticks above best market price 1 tick.

Sorry for the noob question, brain is fried today!
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Derek27
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When the exchange was in its infancy weight of money was a key indicator as to where the market is likely to move, but I don't think it's so relevant nowadays. You get a lot of spoofers distorting the market and there's also a lot of 'invisible' money on the ladder. By this I mean, traders waiting and ready to jump on a price when the market gets there. The money is as good as being on the exchange - you just don't know it's there.

I don't automate myself - somebody who does might correct me. But I would be surprised if a bot using such a simple method base on WOM could make much money, percentage wise.
phildavies21
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Joined: Thu Oct 05, 2017 7:28 pm

Niko you are correct
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Niko
Posts: 282
Joined: Thu Dec 01, 2016 9:36 am

Thanks both!!

I even reversed my strategy and placed backs when I should be placing lays as the market almost always reverses as my bets go in!!
Seemed to make little difference!!
Not sure monitoring WoM is helping in this bot!
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mcgoo
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Something I tried,which I may try again sometime with added criteria, is incrementing a signal when WOM is above X and decrementing when it is below X over Y period. Fun to play around with it. 8-)
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Niko
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mcgoo wrote:
Wed Dec 06, 2017 10:08 am
Something I tried,which I may try again sometime with added criteria, is incrementing a signal when WOM is above X and decrementing when it is below X over Y period. Fun to play around with it. 8-)
Shhhush :mrgreen:
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mcgoo
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Niko wrote:
Wed Dec 06, 2017 10:17 am
mcgoo wrote:
Wed Dec 06, 2017 10:08 am
Something I tried,which I may try again sometime with added criteria, is incrementing a signal when WOM is above X and decrementing when it is below X over Y period. Fun to play around with it. 8-)
Shhhush :mrgreen:
:shock: :D :D :D LOL.Sorry
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Niko
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mcgoo wrote:
Wed Dec 06, 2017 10:26 am
Niko wrote:
Wed Dec 06, 2017 10:17 am
mcgoo wrote:
Wed Dec 06, 2017 10:08 am
Something I tried,which I may try again sometime with added criteria, is incrementing a signal when WOM is above X and decrementing when it is below X over Y period. Fun to play around with it. 8-)
Shhhush :mrgreen:
:shock: :D :D :D LOL.Sorry
:lol: well I can't make it work, but I'm sure the collective on here could :mrgreen:
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mcgoo
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Niko wrote:
Wed Dec 06, 2017 10:31 am
mcgoo wrote:
Wed Dec 06, 2017 10:26 am
Niko wrote:
Wed Dec 06, 2017 10:17 am


Shhhush :mrgreen:
:shock: :D :D :D LOL.Sorry
:lol: well I can't make it work, but I'm sure the collective on here could :mrgreen:
Yeah, probably but there is a lot more to think about. As I have, some have made suggestions re tracking matched price and volume (which the good people at BA are considering for future updates) These will aid a lot more, or at least in addition to, than WOM tracking I reckon.
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Dallas
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Niko wrote:
Wed Dec 06, 2017 10:31 am
mcgoo wrote:
Wed Dec 06, 2017 10:26 am
Niko wrote:
Wed Dec 06, 2017 10:17 am


Shhhush :mrgreen:
:shock: :D :D :D LOL.Sorry
:lol: well I can't make it work, but I'm sure the collective on here could :mrgreen:
If its the setting up of the rule there is an example file that uses signals to determine the WOM has been greater than for 5 secs before triggering
viewtopic.php?f=53&t=14157
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Niko
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Dallas wrote:
Wed Dec 06, 2017 2:21 pm
Niko wrote:
Wed Dec 06, 2017 10:31 am
mcgoo wrote:
Wed Dec 06, 2017 10:26 am

:shock: :D :D :D LOL.Sorry
:lol: well I can't make it work, but I'm sure the collective on here could :mrgreen:
If its the setting up of the rule there is an example file that uses signals to determine the WOM has been greater than for 5 secs before triggering
viewtopic.php?f=53&t=14157
Cheers Dallas, got all that and a load of other hoops the rule needs to jump through before it triggers, it's just doesn't seem to work with WoM as the key indicator. Even to the point where you watch the WoM and the charts are going in the wrong direction. I know there is a slight delay but really!!??
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Dallas
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Location: Working From Home

WOM is only a small cog in the overall gearbox so will always need to be used in conjunction with other settings, something you may not be aware of is in the main settings under display you can set how the WOM is weighted
ie, you could have it look at just the best two prices either side of the book which will disregard any spoof money flashing in and out the 2nd/3rd price etc distorting it
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Niko
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Thanks again Dallas!! I didnt know this!
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STARBUCK62
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Hi Dallas
you wrote, can you show me (visually ) what I need to put in to get the best two prices either side for the reason you stated to avoid spoof money,
you could have it look at just the best two prices either side of the book which will disregard any spoof money flashing in and out the 2nd/3rd price etc distorting it :)
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Dallas
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STARBUCK62 wrote:
Tue Jul 14, 2020 8:17 pm
Hi Dallas
you wrote, can you show me (visually ) what I need to put in to get the best two prices either side for the reason you stated to avoid spoof money,
you could have it look at just the best two prices either side of the book which will disregard any spoof money flashing in and out the 2nd/3rd price etc distorting it :)
You'd change the value of the 'Inner Pricing' to 100%
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