Bfexplorer PRO
Bot Wizards
The bot (from word robot) is automated program which in this case executes the trading logic to which is programmed for. The Bfexplorer extensive support for bot development opens huge possibilities, as any trading strategy can be implemented extending this way what is already built-in.
Some of such bot scripts built-in the Bfexplorer are commonly used as trading strategies therefore you can find them as the Bot Wizards in the Market menu, the rest of bot scripts are available using Bot Executor.
Bot Wizard - Place the Bet
If you want to place a bet when the odds is in the preset range or at the certain time you will need to use the Bot Wizard - Place the Bet.
Set the bet type and stake, if you want to place a lay bet you can set that your stake is your liability. The bet will be placed at preset odds or when the offered odds is in preset range.
Bot Wizard - Place the Bet and Close Position
As you can see the trading can be automated as well using the Bot Wizard - Place the Bet and Close Position first the opening bet is placed and when fully matched the closing bet is placed to trade out with equal profit. In this case I set 5% profit from my liability which means that my position will be close with profit 5. If the market will go against me, my stop loss is set to 25% of my liability which means 25 loss.
Switching on the "Repeat trading cycle" will cause opening your position again if the criteria for bet placing are met and closing it later with increasing your profit by a preset value in each trading cycle. The bot will stop its trading when a preset total profit is reached.
Bot Wizard - Be the First in Queue
The Bot Wizard - Be the First in Queue exploits the gap between offered odds. For instance if best offered odds on back is 1.76 and best offer lay is 1.86 there is 9 ticks gap between offered odds, so if backing you can offer 1.85 and when laying you can offer 1.77.
You can instruct the bot to accept any odds or define what is your accepted odds, then the bot will try to offer the better odds anytime anyone will skip your offer. So for instance if you back and someone will offer 1.84 the bot will update its offer to 1.83 as far as there is a gap between offered odss or your accepted odds is reached, if set so.
In the example above the bot will try to back (100) accepting any offered odds. Switching off the "Accept any odds" and setting the accepted odds to 2.02 the bot will accept the back the minimal odds of 2.02.
Bot Wizard - Auto Trader
The Bot Wizard - Auto Trader uses the Be the First in Queue strategy to open a position, when the bet is matched it closes the position with preset criteria.
On the picture above you can see that opening bet is the back bet with stake of 250, the minimal accepted odds is set to 1.90 what means that bot will try to much the back bet 1.90 or more, the close position is set to 5% of my liability what is the profit of 12.5. The bot is instruct to repeat its trading cycle with 5% of increasing the profit in each trading cycle, the stop loss is set to 25% of my liability.