I want to place a bet lay at odds 1,9 and to close the position at 1,92 or higher
Posted in Bfexplorer PRO by Hamid
I want to place a bet "lay at odds 1,9" and to close the position at 1,92 or higher that means in the case of a market with 2 options (up or down):
If someone matchs my bet for 100
Backer's stake is 100 and my liabilty is 90
and
If the Bot close my position at the odds of 1,92.
My liabilty is 100 and the backer's stake is 92
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I know that I should use the following Bot: "Place bet and close position" but I am a little confused about using the second part of the Bot " Bot parameter - Trading" and especially the MinOddsDifference (should I put -2 or +2)
Thanks
Sunday, January 04, 2009
The Place Bet and Close Position bot is trading bot want means the bot will place two bets, the first bet is an opening bet and depending on your settings it can be back or lay bet.
The second part of parameters, as you can see on the screenshot bellow, says the bot at which parameters the second bet should be placed. Basically you have got two options, either saying the bot to close its position when preset odds difference is reached, or when the preset profit is reached.
In the first case, when you define the closing bet by odds difference, you have to use MinOddsDifference parameter, for instance setting its value to 2, and the UseMinOddsDifference to True.
It means that if your opening bet is fully matched the bot will close its position placing the second bet at 2 ticks higher if your opening bet was the lay bet, and 2 ticks lower if your opening bet was the back bet. The bot knows what your opening bet was so it knows at what odds it must place the closing bet.