Automated Trading

Greg Mitchell

It has taken a lot of hard work, data analysis and money (I don't like paper trading, as I think it doesn't give you a true reflection of your emotions). But I have been working on a number of greyhound strategies, that I can just let run by themselves with no further input from me.

Although this post may appear to be bragging about my success, it is not intended for that, it is purely to demonstrate full (emotion free) automation is almost certainly possible and that it can be profitable.

On the 14th August, I was going away for 2 weeks and I thought, what the hell, let's see how they do. So I set a starting bank of £250 and a staking plan of 2% of bank, but with ratchet staking, so my stake was always 2% of my maximum bank. The 2% is the stake, regardless of if the bet is a lay or back.

I have 45 different BFBM bots, that lay or back certain traps at certain tracks and at certain market positions, one bank and one staking plan covers all the strategies.

Over the two week period that I was away, the bots placed 439 bets, with the longest losing streak being 3 and the longest winning streak being 36. The graph below follows the bank amount over this period.

Of the 14 days that I was away, 6 of them were actually losing days, but only one with any real significance. Although it is only been two weeks and I fully expect there to be further significant losing days, I am hopeful this is on the right track.

Greg Mitchell

@Adam Its just a question of holding your nerve during the "oh sh*t!" moments. I have almost conditioned myself not to keep watching it and just check before I go to bed. Certainly helped by having a good start...."it's not my money"

Adam

I used to do some stuff on the greyhound forecast markets and it was exactly like this, lots of "yessss" followed by "oh sh*t!" moments

This is great to see though!

Greg Mitchell

Recovering...

Martin

@Greg-Mitchell that's a heck of a run before the blip!

Greg Mitchell

@Martin Sorry for delay in replying, yes it has been in testing/refining for 2years..

Updated graph (hopefully last two days just a blip)

Martin

@Greg-Mitchell amazing did you test this before going live? wondering how many results you have

Greg Mitchell

Including last 2 days:

Greg Mitchell

@Martin I did think that, but with the Ratchet Staking, the dip wouldn't be as big, as stakes would have been relatively small.

Martin

@Greg-Mitchell that's the kind of graph I love, though sharp variance towards the end, imagine if testing had started there