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Post by meadow1908 on Sept 21, 2020 18:05:26 GMT
Hi, I just got to know Ipposniff and I think it's a very good software, thanks for keeping it free!
I have a question in regard to restarting an automated strategy. I.E. Stop loss -30£ and take profit +30£. How can I restart the strategy a second and/or a third time, once the stop loss(- 30£) /take profit (+30£) has been reached?
Hope you can help me out with this
Thanks
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Post by Ipposnif on Sept 21, 2020 18:49:26 GMT
Hi, welcome to the forum! Stop Loss and Stop win criteria (point 2 of the picture) cannot be used to reset a strategy because they have been done, on purpose, to work across resets. I will try to explain this concept with the example strategy in the picture. Capital (point 1) is the money dedicated to one round. This example strategy can perform a maximum of 9 resets (point 3), so it will play a maximum of 10 rounds. Total money risked is 10x20=200. When the capital of the round (that starts always with 20) goes below 5 (the strategy in the round has lost more than 15) or goes above 35 (it has won more than 15) the strategy resets (point 4) and moves to the next round (refunding a capital of 20). If the strategy, with more rounds played on the same day, loses more than 50 or wins more than 50 (point 2), it stops placing bets till the day after. I hope this helps, if it is not clear tell me.
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Post by meadow1908 on Sept 21, 2020 20:24:00 GMT
Thank you very much for your answer! Would this system work even by choosing "Max liability" instead of "Capital"?
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Post by Ipposnif on Sept 21, 2020 21:19:54 GMT
Max liability is related to the round: it is the maximum exposure the strategy can have in a round. There is another variable that maybe can be useful: @historical_net_profitIt cannot be used to reset the strategy, because once it is true, it will remain true even after a reset. But it can be used in the bet "Trigger Condition" Size to adjust the size of the bet accordingly with the historical P&L of the strategy. If you give me more details about what you want to achieve, I can be more specific.
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Post by meadow1908 on Sept 22, 2020 12:59:43 GMT
Hi Thanks for your reply.
I am using the automated strategy lay the outsider, what I wanted to achieve was, considering target profit +30£ and stop loss 30£ per round, once one of this has been reached , start the strategy again until the TP or SL has been reached again, and so on for a third time. In this case my daily TP would be 90£ and daily SL would be -90£. So if I lose 3 round my loss would be -90£, if I win 3 rounds my profit would be 90£. If I lose 2 times and win one, my loss would be -30£ if I win twice and lose one my profit would be 30£. All this by laying for a maximum amount of liability per trade. I understand now that the daily TP and SL are fixed for that specific day, so I need to specify in the reset condition what I want the automation to do.
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Post by Ipposnif on Sept 22, 2020 17:37:20 GMT
Hi, there are two ways to configure the strategy. The first is the one i suggest: Tha capital starts with 50 and it resets when the strategy has won more than 30 or lost more than 30. These limits are not mandatory because if the capital for example is 21 (29 of loss) the strategy will be able to place another bet. Maximum 2 resets (3 rounds). You will need to hard reset the strategy when it has finished the rounds (or in the alternative you can increase the number of resets). The second way is with mandatory limits: In this case you have also to set up the option "Use residual capital" this will allow the strategy to bet all the capital. In default this strategy bets on races with a price of 100/1. This means that the mininum liability is 0.01 x 100 = 1 So when the capital goes below 1 euro is not possible to place other bets (even if the option "Use residual capital" is on). I have put as lower limit 1.1 to be sure that the last bet of 0.01 is placed. I didn't test this second way, if you decide for it, let me know if it works.
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Post by meadow1908 on Sept 22, 2020 21:33:56 GMT
Thank you for the very detailed reply, I will follow your advice! Thanks again
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Post by meadow1908 on Sept 28, 2020 5:37:21 GMT
Hello, I have one more question. I can see that every time I win, my capital/liability increases and the automation places bets with the liability equal to the new capital. So if I lose one bet I lose all the previous profit made? How do I stop the liability from increasing?
I.E. First bet capital 20£ / max liability 20£. Bet won 1£ . Second bet max liability 21£ and so on.
Thanks
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Post by Ipposnif on Sept 28, 2020 21:44:31 GMT
Hi, change the Bet Size property from @capital/1000 to @initial_capital/1000
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Post by meadow1908 on Oct 1, 2020 7:54:00 GMT
Great! Thank you very much!
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