From your betfair account data?
I'd like to know:
- When I profit, I do so by x ticks
- And when I make a loss, I do so by y ticks?
Thanks for any help - and sorry if this is somehow a daft\obvious question.
Is there a way to derive P/L in ticks
the obvious problem here is that not every trade will have been setup to achieve the same £ per tick. thus you could have two trades, one with a £250 liability, another with a £25 liability. the outcome of either could be literally anything, so therefore, based on those two simple trades, you'd have no idea on your p&l at a single £/tick level.
in short -yes at single trade level, no at consolidated p&l level.
Cheers. To explain why I want this, I have a table (which I didn't make) which how much downside you can bear before you lose for a given strike rate.
So, if you a strike rate of 80% but you make 1 tick profit, you can lose 4 ticks when you lose and break even. So, I wanted a general sense of my tick P/L but suspected it would be hard to fathom, as you say.
Perhaps I can adapt the same table to £ values.
Thanks for your help.
So, if you a strike rate of 80% but you make 1 tick profit, you can lose 4 ticks when you lose and break even. So, I wanted a general sense of my tick P/L but suspected it would be hard to fathom, as you say.
Perhaps I can adapt the same table to £ values.
Thanks for your help.
- ShaunWhite
- Posts: 9731
- Joined: Sat Sep 03, 2016 3:42 am
Typing and talking are two great ways to find answers to problems, it exercises different parts of the grey matter to when you just internalise. Nice touch of humility though brimson but relax, to err is human.