Novice needig a tiny bit of help

Advanced automation available in Guardian - Chat with others and share files here.
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robfosters
Posts: 5
Joined: Thu Oct 15, 2015 7:09 pm

I've read the manual but still unsure on the best way to do what I'm sure is a very simple thing.

If I set a rule to back a horse in running for 1.4, what's the best way to set a stop loss so that it trades out for a loss if the horse drifts to evens?

I know there's offset betting, but I don't want to green up for profit, I want the race to run it's course if the price is going the right way. However, I want to cut my losses if it starts to drift too much.

Thanks for any help. It's much appreciated :)
sa7med
Posts: 800
Joined: Thu May 18, 2017 8:01 am

You can set a stop loss with x ticks in the parameters section or you can add an additional rule to green under the condition that the price is >= x
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ShaunWhite
Posts: 9731
Joined: Sat Sep 03, 2016 3:42 am

Both good suggestions, or you can create an additional 'green up ' rule with a condition that the profit is < -£x.
Note LESS than minus £x... a lot of people view a loss as being greater than a certain amount.
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BetScalper
Posts: 1139
Joined: Sun Jul 02, 2017 10:47 pm

Do not back a horse in-running at 1.40 or any other sub 3.0 price unless you know it’s going win win. Long term you will lose your pants and socks.
JTEDL
Posts: 536
Joined: Wed Aug 23, 2017 2:21 pm

as said the green up profit/loss file works better than a stop loss if in running, or alternative option would be exit if no longer favourite, file here - viewtopic.php?f=43&t=11715
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