Just so I'm clear, the strategy is lay the team at 1.1 (with an optional stop loss at 1.05) and exit at 1.2. Repeat as many times as available
Today we're looking at IND vs SA and PAK vs ENG.
Yes, thats it.
@stuart-wallace fair enough . no doubt be occasions that will annoy you like market reacting to a catch in out field only to be dropped and stop loss matched etc
always element of randomness
bots are good if not watching i've used occasionally smaller stakes
@matt-ayles I read you mentioned about trading software. I’ve messed about with a few and as of next month I’m going to start incorporating bots into my trading. I could pretty easily make a bot for this 1.1 strategy and happy to be the Guinea pig to see if it works.
I’ll likely use Fairbot and once I’ve got everything set up I’ll share it with everyone on here because you can get a 2 week trial. Looking at different bots and VPS it’s not as expensive or daunting as some people think. I reckon you could get a decent setup for £20-£30 per month all in. If it means you’re not missing trades you’ll easily cover those costs.
I’ll also look into making bots for some of the profitable strategies so hopefully that’ll help cover the costs.
Another thought i had on this is, what if the odds are 1.12, then a 6 is hit dropping it to 1.07, but you would still be matched at 1.1 - your exit is still 1.2 whereas mine is a far more attractive 1.14.
There may be some legs in a set and forget style but right now i want to give it my full attention as its still in its infancy.
yeah, like this.
So, wait for your entry point as it may go lower than 1.1 in one shot, however, still have your stop loss at 1.05, and adjust your exit point accordingly.
tbh, i'm really excited about the 1.1 strategy. I have been scratching my head about trying to find a solid strategy for the T20 World Cup , now, hopefully, this might be it.
Thanks guys - the 1.05 stop loss is also a good bit of advice too.
Looking forward to liaising with everyone on here, and hopefully we can all, together , move up from Fillet Steak to Chateaubriand !
@stuart-wallace @Brian-Doe it's all about long term profits. There's bound to be losing days as with any strategy. It's a shame it's happened so early, but in a way I'm glad as now I've learnt the importance of queueing the stop loss too, as todays odds flew right past 1.05 so there was no chance to get out.
Lets continue to track it. There's 2 mens and a womens t20 tomorrow. Any luck we'll all be having fillet steak by the weekend