LeTiss wrote: ↑Fri Sep 28, 2018 9:03 am
OK, this is the scenario I am clearly talking about
A) £1000 stakes wanting to get matched at odds 2.22
B) I go in behind them with another £500 - there's now £1500 waiting to be matched, and my PIQ settings shows £1000 ahead of me
C) Somebody else then follows in behind me with another £500 - there's now £2000 waiting to be matched, and my PIQ setting still shows £1000
D) Nothing has been matched, but somebody withdraws £500 from the queue
E) How does BA know where that £500 has been taken from - was it the guy at the back, or was it part of the £1000 ahead of me?
I can't see how you could possibly predict that with any accuracy
You are not able to predict that, I would guess that the person behind you is more likely to remove it than the person in front of you but that would only be a guess.
In fast moving markets like horse racing this is not much of an issue, I can see on slower markets with much larger amounts in the queue that scenario would be a bigger issue.
You just have to use it as a guide but it is much better than nothing in my opinion. On a horse market I can be trading several runners, some I switch in and out of view and some I will have placed bets at numerous positions to get queue position so having the ability to see PIQ is a huge help, for example on a position I may have placed say 3 minutes ago. Even if it is an estimate I find it worth its weight as trying to manually do the same job with multiple trades it is near impossible.
LeTiss wrote: ↑Sat Sep 29, 2018 10:25 pm
I may be forced to eat my words.
I have been trying this out on the Ryder Cup markets, and it turned out to be pretty darn accurate.
On reflection, it's quite a nice addition for manual traders - it gives a good guide, as to whether you need to bail out, or sit tight
Let us know how you find it after a few more days and on other markets. As long as you use it as a guide and not set in stone it has its place. You can now go to the loo or put a brew on and come back and have a good idea of where you are