Global Settings (Parameters)
The global settings are an optional part of your parameter options but if you wish to use them they will allow you to add things like Fill or Kill, Offsetting and Stop losses etc to your rule. These will do the same as the 'Global Settings' found at the top of your main trading screen but will only be applicable to the individual rule they are used on.
When choosing a offset action you have the option to offset by ticks OR percentage, whichever you chose will apply to both offsets and stops for this rule type - ie; you can not chose to use the offset percentage and set your stops using ticks.
Offset bet - A equally sized opposing bet placed a specified number of ticks or percentage away from the initial bet which if filled will close the position for a profitable trade. If the initial bet is a Back bet then the offset will be a Lay bet. If the initial bet is a Lay bet then the offset will be a Back bet.
Offset bet and stop - An offset bet as above but with a stop loss attached. The market price will be monitored and if the price moves against you by the specified number of price ticks or percentage then the stop loss will be triggered to attempt to take a loss and close the position.
Offset bet and trailing stop - As 'Offset bet and stop' but the stop is moved by tick or percentage as the profitability of your trade improves.
Offset bet with greening - As 'Offset bet' but Bet Angel adjusts the stake of the offset bet so that the profit from the trade is spread across all selections in the market.
Offset bet with greening and Stop - As 'Offset bet and stop' but Bet Angel adjusts the stake of the offset bet so that the profit from the trade is spread across all selections in the market. Note: the reduction of the stake of the offset bet will result in the stake used for the stop loss being reduced also.
Offset bet with greening and Trailing Stop - As 'Offset bet with greening and Stop' but the stop is moved by tick or percentage as the profitability of your trade improves.
Stop on opening Bet - adds a stop to the initial bet in an attempt to ensure the bet is matched even if the market moves away from your requested entry price. This can be useful if you wish to ask for a price that is better than is currently on offer by the market, but also want to make sure the bet is filled. e.g. If the current market is available to back at 1.68, place a Back bet at 1.7 with an opening stop 5 ticks lower. The bet will initially be unmatched in the market and the price may drift to fill your requested price of 1.7, but if it goes the other way and touches 1.65 then your opening stop will trigger and your Back bet will be repriced to 1.65 to try to fill at the current price.
Override Settings with Stored Values
Instead of using a fixed number for the tick/percentage for the 'Offset, 'Stop', 'Place at, Fill/Kill' and 'Offset Batches' you can instead override these using a number held in a Stored Value, this allows a greater degree of flexibility and control for each of these options.
For example, you could store the number of ticks a price has moved during the last 5 mins then halve that amount and store the value, then use that stored value for your number of your offset ticks.
It also enables you to use a different number of tick/percent for each individual selection as each would use whatever the stored value was for that particular selection
In the image below when the rule triggers on a selection it will place an offset bet with greening but the number of ticks the offset part will be placed at will be whatever value is currently held by the stored value named 'price_movement' for the current selection
In the next image when the rule triggers it will place the Offset bet with greening at 15 ticks, but the length of time for the bet will remain in the market before being killed will be whatever value is held by the stored value named 'ip_delay' for the market at the time the rule triggers
You can use any stored value which has been set at 'Selection, Market, Event or Bet Angel' level
NB; If the stored value name the rule does not hold a value or the value is not valid at the time the rule trigger the bet will not be able to be placed
