Stop Loss.

[TelBoy]

Is there a function on the Toy where you can put a stop loss position so that when the price starts to go down or up you can have it stopped at a point to avoid a loss?.

[RManPT]

of course there is... have you even searched the manual?

[The Geek]

Yes. Check out the help file for the Staking & Tools window.

[TelBoy]

Stop Loss.

Yes i have searched the Manual, but when you are a complete novice then the Help you need can sound stupid, the manual dos'nt say stop loss, plus what does "Fill it & Kill it" do?, techies may know, but just plain English would be better for the most.

[RManPT]

The manual does say "Stop loss"

"Stop Loss - The stop loss works by automatically placing a closing bet into the market, at the number of ticks set in the Stop Loss tool should any bet in an open position meet these criteria. For example if a single lay bet is matched @ 2.0 with a stop loss of 3, this will automatically place a stop loss bet if the price trades @ 1.97 or below. Note that the stop loss is automatically calculated on the runner position & not attached to individual bets. To change the number of ticks, click the stop loss input field & a list of choices will show.

Place Stop At + - This allows you to set the number of ticks past the trigger price that you wish to place the stop loss at to ensure you are matched. In the above example, having the “Place Stop At +” set to 2 means the stop loss bet @1.95.

Hedge - This option attempts to equalise the loss across all selections. NB In some cases market fluctuations means the stop loss bet may be matched at a better or worse price which means the greening may not be 100% accurate. Should this be the case you will see a new small stop loss position show in one direction or another. You will need to manually green this.

Cancel Bets - When checked, this will cancel all bets on the current selection prior to triggering the stop loss.

Trailing - When checked the stop loss trigger position 1 tick for every tick the market moves in your favour.

Any matched bet position stop losses show in the ladder at their trigger price in Red. Unmatched bet stop losses show on the ladder at their trigger price in orange. These can be dragged & dropped with the mouse to different trigger prices as required."

This was taken directly from the link the Geek kindly mentioned.


"Fill or Kill"....in plain english...

"Fill or Kill - when a bet is placed if it is not matched by the time set in the Fill or Kill tool it will automatically cancel. If part of the order is matched the remainder will still automatically cancel once the time set in the Fill or Kill tool has been reached. To change the time for the Fill or Kill tool you click in the input field and select a time in seconds from the menu. The new time will then apply to any subsequent bets placed.

Bets that have already been placed prior to the changing the options will still use their existing settings unless you click the Refresh Button.

Fill or Kill is not applied to any Hedge bets.

Fill or Kill is not applied to NET bets placed via the ladder quick menu, or closing positions when “NET” is shown in the ladder stake box.

Fill or Kill is not applied to bets created by Tick Offset.

Fill or Kill is not applied to any bets created by the Stop Loss tool."


Also directly from the manual page.

Of course that if after reading this you still have doubts we all gladly help clearing them out.

[TelBoy]

Thanks RManPT.

Many thanks, but where is the Stop Loss section on the Ladder, i only see the Lay, the Back and the Price pluss Odds colum, but as i said it's all Double Dutch when you first start out, remember when you first started to learn to drive a car, boy when you sat in the drivers seat and looked at all the instruments, now you just get in the car and drive off without a second thought, you know " Practice Makes Perfect ", so yes i will get there with help from the forum.
Iv'e looked at many a trading software, and the Geek is the best.

[TelBoy]

Thanks RManPT.
Sorry about the confusion RManPT, but the user manual i was useing was for the Geek Toy system befor the update version came out, after spending some time looking through it i then went onto the internet and found the latest version, and yes sure enough it does explain the Stop Loss segment in it, so keeping updated is a must regarding being a trader, again many thanks.

[TelBoy]

Hi The Geek, sorry about the fuss regarding the Stop Loss facter, but the user manual i was useing was for the old version of the Geeks Toy, so after useing the link in your reply got me thinking about is there an new version for the updated system, and sure enough there is so thats what i'm now useing.
Many thanks.

[RManPT]

Many thanks, but where is the Stop Loss section on the Ladder, i only see the Lay, the Back and the Price pluss Odds colum, but as i said it's all Double Dutch when you first start out, remember when you first started to learn to drive a car, boy when you sat in the drivers seat and looked at all the instruments, now you just get in the car and drive off without a second thought, you know " Practice Makes Perfect ", so yes i will get there with help from the forum.
Iv'e looked at many a trading software, and the Geek is the best.

hi telboy,

the stop loss will only show in the ladder if previously set in the "stacking tools" and after placing a bet. Those tools can be accessed through the main bar. If not showing by default then right click the top bar of the toy (where version or username appear) and set them to be shown

If doubts still remain feel free to post them

[Dontdoit]

one click stop loss

do you know when or if we are going to get a right click stop loss on the toy

[RManPT]

don't know it has even been suggested yet :/ There is a thread for suggestions, post it there and we'll see what the community and the Geek thinks about it .

[yashkar]

What I have experienced is that stoploss feature is of no use in an in play market as it takes 5 seconds to get the stoploss triggered , till that times odds changes very rapidly .can u please help me out with that

[iamkimble]

What I have experienced is that stoploss feature is of no use in an in play market as it takes 5 seconds to get the stoploss triggered , till that times odds changes very rapidly .can u please help me out with that

is it possible to do a stop win in the same way? useful in a fast moving in play market. thanks

[MusaMH]

Hi when I enter a stoploss order in the Ladderinterface the order is displayed red but as soon as the price is reached is not triggered. I do not understand why. I use Matchbook.