Creating a ‘fat finger’ rule with Bet Angel automation
I slipped this video into the section on automation last weekend, but I reckon a few people would have missed it; because I didn’t specifically highlight it.
This video demonstrates how to create a rule using Guardian automation to capture favourable odds that can be created when the market goes a bit ‘loopy’. It’s a rule that can run in the background automatically regardless of what you are doing in your main trading interface.
We have a thread on the forum that spots these market aberrations, which is why I named the rule after the thread. You only need to catch one of these once in a blue moon to get a decent pay off. You may want to read that thread to understand what this rule is trying to do. I’d recommend you playing around with the settings for your own preference. You could use a fixed price rather than a fixed offset, or you may want to widen then offset a fair bit. As with all the automated stuff there is plenty of variable you can introduced into the mix. Use practice mode first before unleashing your rule on the market. This will give you a chance to fully understand its characteristics.
Anyhow, have a look at the video and have a play with automation!
Category: Using Bet Angel