Three triggers for simple Stop-Loss, after laying
We offer you a file with three simple stop-loss triggers. Each trigger places a stop-loss back bet to minimise the probable loss from a lay bet that you might place before.
The first trigger, called "price fell by 4 ticks", places a bet after a price of the selection has decreased by 4 ticks or more as compared with the price of the lay bet.
The second trigger, "price fell by 7%", backs if the price of the selection fell by 7% or more.
The third trigger, "price is less than 1.5", simply backs when the price falls to the specified minimum, in this case - to 1.5 or below.
All three triggers represent different stop-loss approaches. You are free to edit the values of these parameters as you wish. Just open the file and change the numbers in the triggers' conditions.
Please note! You should run one trigger at a time, because otherwise they may place the same bet several times. So at any time two triggers' "Execute" fields must be set to "never", like in the example file.
If you do want to use several triggers simultaneously, then you need to make sure that the triggers don't place bets on the selections that have been already affected by other triggers. Therefore, you will need to add two conditions to each trigger:
AND NOT Fitting Selection's Affected by "name of the first trigger"
AND NOT Fitting Selection's Affected by "name of the second trigger"
And this is how one of the triggers, the one called "price fell by 7%", works. The price fell exactly by 7%: (5.7 - 5.3)/5.7 = 0.07.