Trading on horse racing by David, Hereford 4.40

Trading on horse racing by David from FormBet. The ladder user interface has got a little bit hidden feature for setting your stop at profit or stop at loss. You have to open your position first, and then this functionality becomes active. You can set the stop at profit or loss by clicking the right mouse button similar like placing a bet. On the ladder you see your potential profit or loss and that will be your level at which the bot automatically places your closing bet.

You can see it on the ladder as the green or red point. You can update this level just by right clicking on different odds, or you can cancel it clicking on the same odds row.

Trading on horse racing by David, Lingfield 4.50

Trading on horse racing by David from FormBet

 

Trading on horse racing by David, Brighton 4.30

Trading on horse racing by David from FormBet. The chases the price bot actually does what its name suggest. It chase the price when the price moves in the opposite direction. You have to place your bet offering it on a better odds, and when odds moves not matching your bet, the chase the price bot will update your bet to be placed at best offered price.

Trading on horse racing by David, Lingfield 3.40

Trading on horse racing by David from FormBet. Dave managed to close his position with different profit for one selection. You can hedge your position using the Bet Wizard: Close position for selection, so the Bet Wizard would re-hedge your position to get equal profit on all selections.

Trading on horse racing by David, Lingfield 3.50

Trading on horse racing by David from FormBet. David had been playing with different bot strategies on the ladder and basically he started execution by clicking on the Start Strategy toolbar button. Any of these strategies can be executed by clicking on the ladder similar like placing a bet on the ladder, in such cases the bot strategy takes bet type, odds and stake parameters and uses them with the selected bot strategy where applicable.

Trading on horse racing by David, Lingfield 3.20

Trading on horse racing by David from FormBet

 

Trading on horse racing by David, Brighton 4.20

Trading on horse racing by David from FormBet. Auto Trader uses the "be the first in queue" strategy to open its position what means there have to be a gap between offered back and lay odds (prices). It is a good idea to open the Output window in the Bfexplorer PRO so you can see all status messages the running bot produces.

If you run more bots on more selections or more markets, you can see all the activity on the Start Page where you can stop running bots on any selected market. Bots execution can be stopped for selected selection clicking on toolbar button Stop bot, or Stop and Cancel that will cancel any unmatched bet on the selection as well.

Any running bot on a selection is stopped when you close your position by Bet Wizards, or when closing position by Profit/Loss button on the market grid view.

Trading on horse racing by David, Brighton 4.00

Trading on horse racing by David from FormBet. David is right, a bot has no intelligence, it just executes what you instructed it and it does it without any emotion. You decide when to enter on a market and that is the key factor if your trade will end in a profit or in a loss. There are certain market types with known price (odds) trend and those are markets suitable for automation mainly when you open for trading your position on many markets.

In the trading strategy toolbar you can find 6 bot types. The Bot Executor offers 11 bot types, and any of these bots can be preset with different parameters making so a set of bots you could use anytime just by selecting a bot and clicking on the Start bot toolbar button.

Trading on horse racing by David, Brighton 3.00

Trading on horse racing by David from FormBet.

 

Trading on horse racing by David, Brighton 2.50

Trading on horse racing by David from FormBet. David had been using Bfexplorer Trader to trade on multiple selection, to switch between markets you do not have to close the Bfexplorer Trader but just return into the Bfexplorer leaving the Trader window open. Then select your new market and click on the toolbar button Bfexplorer Trader, this way you will not lose your settings in the Bfexplorer Trader, like confirm bets, hedge enabled, your stakes and number of ladders you want to show for the market.

If you want to close your position at in-play I would suggest to use the ladder or the Bet Wizard: Close position for selection where you can set odds and level at what you want to close your position. (If you set in the application setting the parameter: At in-play keep the bet, you bet will not be cancelled when market is turned at in-play.) It could really happen, mainly on markets where odds moves rapidly, that at the moment you are about to click on the green profit button odds changes and you would ended with a loss.