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[baddydaddy67]

Hello Rade & forum members - hopefully lock down aint driving you all nuts.

Been spending a fair bit of time scalping Aus / US horses; I have been doing this partially in auto and partially in manual. I run a number of scalping strategies and still tuning them in - it did strike me though that a green all option would be entirely useful if your scalping strategies could hit a target profit on either on one selection, or a number of selections in a given market.

It would a big advantage to lock down a target profit which may be either a single £value or a % of total stake.
With the current software version can this be achieved?
I can do this manually with a hedge all, but auto would be awesome.

Thanks

[BfBotManager]

Hi baddydaddy67,

If you create a new strategy and set it to use Hedge All rule, then it can hedge all your bets automatically when possible to win X% of profit. Is that what you need?

[baddydaddy67]

Hi Rade, yes that is what I have done to get a green-up. The only difficulty is trying to figure out what settings to use. By trial and error I have set the profit at 3% for pre-race scalping. Seems to work, I guess the 3% would be of the total liability staked at point of hedging. It can get a bit complex when you have individual strategies that have their own hedging conditions. Would the hedge all take into consideration any liabilities already hedged out for profit?

I think this could be a bit of a hidden gem in the software. A couple of ideas:
1) make it possible to select the strategies that you want the hedge all to apply to - a bit like the option within the hedge or close position.
2) would there be some way to improve the how to understand the relationship between the liability the bet and the hedge calculation.
3) lastly can you see any downside of trying the hedge on a lay dutch?

[BfBotManager]

Hedge All will include other hedge bets too on that selection when calculating profit/loss.

Hedge will execute for each selection separately by calculating profit/loss the way you selected. We will review this and see if we can add more options to the way profit/loss is calculated, like the one to select strategies.

Hedge will never increase your liability, it can only lower it by placing hedge bet. If price changes against you then final result will be loss, if price changes in your favorite then final result is profit.

Please keep using simulation mode until you fully understand how hedge all and its options work.

[baddydaddy67]

Thanks Rade, from a pure trading perspective I think this is an option worth looking closer at. Taking a few different positions on selections within given strategies works well in manual trading. BFbot could do this I think. If you are interested I can send across the strategy and results - I tend to always test live rather rather in sim, lets me get a better feel for the strategy - but always on low stakes.

[BfBotManager]

Please be careful when testing in real mode, small mistake can cause you to lose your money. If you keep having any problems then email us your strategy and screenshots of placed bets to check it. Thanks.

[baddydaddy67]

Hello again Rade, been testing combinations of the hedge / close & hedge all on pre race trading. Overall the strategies I have developed work well pre-race but I think one simple addition to the hedge all would be a real benefit. A simple add - hedge if profit = a discrete value £x or €x, similar could be added for a stop loss - though i find stop losses on individual strategies are sufficient.

The value of X would ensure that you green in a profit if your trading strategies reach your target. I run upto about 10 pre-race strategies, not all of them kick in - it depends on the market conditions.

This would really help if your objective is to lock in a profit per race.
Thanks
Alan

[BfBotManager]

Thanks Alan, we will review this and see how to improve in future updates.