Are you used to use charting facilities Bfexplorer PRO offers? If yes, and you want to get even more charting using different indicators then you can use Bfexplorer PRO NinjaTrader betfair data feed plugin.
The Bfexplorer PRO offers three types of user interface for bet placing, the market grid view similar to the user interface on betfair web pages, the selection list view (“ladder”) user interface for placing, updating and cancelling bets, and Bfexplorer Trader for multi selection trading on the list view interface.
Any automated trading solution needs to implement two methods, a way how to select a market and selection on which to bet or trade, and a betting or trading algorithm. The Trade Opportunity Lookup service is a tool which could help you solve both problems.
The extensive support of bot scripts in the Bfexplorer makes it possible to use already built-in bots but as well bot scripts you can develop or have developed by someone else. All such bot scripts use set of parameters which define the bot behavior, so they can be configured and then used in different scenarios.
The Bfexplorer offers four types of different bet Wizards which could help you in bet placing:
- Close Position
- Close Position for Selection
- Back/Lay All
- Back/Lay Dutching
The menu is a list of commands or options from which you can choose. You can choose an item from the menu by highlighting it and then pressing the Enter or Return key, or by simply pointing to the item with a mouse and clicking one of the mouse buttons.
Before login into the betfair for the first time you should set your application settings. Clicking on menu item Application / Settings the Settings dialog appears with two tab pages: Behavior and Connection.
To open a market click on the menu item Application / Browse Betfair markets, the Betfair Browser dialog appears with the tree view of all events offered at betfair on the left and list view selection and my selections on the right. Navigate to the market you want to open in the tree view. The content of the market will be shown in the right list view, you can add more markets to My Selection window by clicking on the Add to My Selection button. To open selected markets click on OK button.
You can open as many markets as you want in the Bfexplorer monitoring this way the price movements during a day, or when you are a bot operator it is common that you can run your trading bots on more than ten markets at the same time. The user interface of the Bfexplorer is context sensitive what means that any operations is done on selected market only and on the selection.
Placing, updating or cancelling a bet is done on the market selection, so before doing so you must select the selection. After a market is opened for monitoring the first selection is selected, Trade the Market or My Bets window is set to the selection so if you use either Trade the Market or My Bets for placing a bet, the application knows on which market and the selection to place your bet.