Using Stop Loss
Posted by Bet Angel - Technical Support on 10 July 2013 02:50 PM
There are two methods of using a stop loss with your bets.
Temporary Stop Loss
This is set via the ladder interface and is applied by clicking the right mouse button on the price you wish to make a stop active. This stop loss method is designed for use on markets that are being actively traded.
The closure bet is triggered when the price reaches your stop loss price. The size of the closure bet needs to be constantly adjusted based upon the net difference between back and lay bets matched on that selection. i.e. As you continue betting on the selection, the required stake to close will change.
This stop loss is cleared when changing to another market or screen within Bet Angel. It is not managed by Guardian
Stop loss on Unmatched Bet
This can be applied using the global settings in the top left of the screen. For example, when using 'Offset bet with stop'.
The unmatched bet is closed when the price reaches the stop loss price. Use the 'place at (ticks)' setting to control how the stop loss is applied if the market begins to move against you. Because the stake will not be adjusted then Bet Angel does not need to constantly monitor & adjust the stake size.
Guardian can be used to manage this type of stop loss. However, be aware that if the market moves past your stop setting whilst Guardian is cycling through other events then the stop may not fire.
NOTE: If the market is volatile - such as with an in-running market - it is likely the price will leap any stop loss trigger you have set and not fire. Be aware of the risks when trying to use stop loss in-play.