John’s Horse Trading Resources
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@stephen-oleary Hi Stephen , thank you for that!
I have just seen that my post didn't reply to the actual post of Johns. I was supposed to replying to his post relation to dreammaker62's L2B strategy -
@holly said in John’s Horse Trading Resources:
@john-folan Hi John . I’m new here and have just been reading through your posts, this could have a really obvious answer and you may have posted elsewhere but I’ve not come across it (yet)
You mentioned you would look to Adapt this slightly with use on the new software just wondered in what alterations you would make?
Secondly , if it does go against you , in your opinion how many ticks would you set your stop loss at? HollyHi Holly. I assume you are talking about my Trobs or are you talking about the lay to backs? The trobs are set and forget and with the lay to backs I don’t have a hard and fast rule with price it’s more with how the horse is running. If it’s running differently to how it normally does(I:E it’s started to frontrun). I dump it.
As for adapting it. More using different ratings like pace and or would be the only changes. Haven’t looked into it yet, but it is on my todo list.
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@holly Hi holly im not sure what strategy your talking about and @John-Folan may have a different opinion on this but depending on the price you are taking i run my stop loss like this.(I very rarely trade horses under $4 or pound)
$4 - $6 stop loss 10 ticks
$6.01-$10 stop loss 8 ticks
$10.01 or higher 6 ticksAll trades that dont hit the exit point i exit at 5seconds(incase im not matched gives me a few seconds to get matched) to post time unless a race delay. I use this method on all my automation. When im trading without automation and can notice the trends etc i usually give a few extra ticks if i think the price will come back into profit.
It is common a trade goes against you 5-10 ticks 3min out and comes back into profit 1min out. Just got to look at the trends over the past 10min and the order of money within the top horses and you selection. I have read post on the software forum i use of people exiting at 5 ticks and the trade swings and they could have made profit.
I traded a horse only yesterday that was 5s to 7s up and down all day 5min out i backed at 7s he went to 10s and in the last minute back to 5s because of his trend i stayed in jumped at 4.20 but i follow my rules and exited 5sec out at 5.50.
Not sure if that helped with the trade @John-Folan is talking about but im sure will help with any future swing trading.
If its his DOB strategy its set and forget there is no stop loss.
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@john-folan Hi John . I’m new here and have just been reading through your posts, this could have a really obvious answer and you may have posted elsewhere but I’ve not come across it (yet)
You mentioned you would look to Adapt this slightly with use on the new software just wondered in what alterations you would make?
Secondly , if it does go against you , in your opinion how many ticks would you set your stop loss at? Holly -
@brendan-t-martin said in John’s Horse Trading Resources:
@john-folan Makes sense
Glad it does. It did in my mind but you know. Its me...
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@john-folan Makes sense
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@brendan-t-martin said in John’s Horse Trading Resources:
@john-folan FYI. In your slow horses criteria, I don't think you can put the BSP as an option in the rule builer, as you are entering before the start of the race, you don't know what the BSP is yet.
Yeah I know but it was including some that went off a fair bit below for some reason. This gets it as close as dammit
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@john-folan FYI. In your slow horses criteria, I don't think you can put the BSP as an option in the rule builer, as you are entering before the start of the race, you don't know what the BSP is yet.
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I have added my Slow Horses Strategy settings to the first post in this thread.
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@john-folan I'm glad you did as it alerted me to this thread thanks @John-Folan
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Added a link to a Cheltenhambetting offers page for horse terminology. Should help people who are new to horse trading but are using the new software.
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@john-folan great share that
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Added explanations for Dobs/Trobs and Hdobs(New to me!) in the first post on this thread. People might find it useful.
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@liam-willis 100% Adam will be making some and of course we shall delve in ourselves and when we get something share it with you guys!
@John-Folan will find something I'm sure
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@liam-willis I added the btc horse trading guides in the first post on this thread. Should get you started
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@liam-willis yeah we will defo do that, will need @adam to do some for us!
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@adam said in John’s Horse Trading Resources:
I have some mindblowing stuff to share regarding staking, stoplosses etc as well. But I want to test that a bit more before opening my big mouth
YAY!
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I'll probably delete the links to other stats sites once we have the HRS. We won't need them as anything I quote will be off of there after looking at Adam's screen shots he kindly shared.