Thanks for letting me know. It's a neat strategy that you can use often and it's safer than some others. But, as always, nothing is foolproof so you will need to practice and select the right market.
I'm very new to all of this. Had the market moved the opposite direction once you placed the lay order as it was reaching the back order, would you have taken the small loss or waited in case the price went up again pre the off?
I'm new to this too but if I have understood correctly you would not lose anything because that far out the money will not be matched so you can always cancel it. However, as the price gets close to this order you place an order on the other side of the ladder.
It could have easily not gone as high as 3.5 then starting dropping down and ended up in loss. How did you know it was going to continue up and match you at 3.5? And in fact as soon as it did it started back down again... how did you know?
@Daneil Thank you for stepping in on that. I always get a bit frustrated when people point out what could go wrong, that's not the point! So it's nice to see people understand exactly what I'm trying to do.
Problem I see is we're advised to not " chase " the price . Using this idea that's exactly what you're doing. Entering a stake 5 ticks away from the current price means you've got to enter as the price rises up to your order ( chasing ) . It could easily just touch it then reverse again. Because you've now got the other order matched , it's a loser. Advice appreciated if I'm wrong.
You are just looking for positions where there isn't much money. This means you can get matched quickly on both sides. That's the essense of this trade and how it reduces your risk.
Hi Peter, I enjoy your videos but as a beginner it's assumed we all know what you are doing to get in and out, and place trades - but it moves so fast I can't fathom what you doing! It would really help novice traders if you explain what exactly is going on. For example you put a Back order in @ 3.5, and a Lay @ 2.98 which I understand. But once the 3.5 was matched, and as the odds immediately started to fall towards 2.98 (was that just luck?) you the said that once the lay was matched @ 2.98 you would hover the mouse and place an immediate Back order @ 3.0. I totally do not understand why? Surely with a Back @ 3.5 and a Lay @ 2.98 you have then made the profit and hedge out? What does the additional back @ 3.0 do? To me you now have an extra Back bet that needs matching with a lower Lay bet? So the video ended up rather confusing me, but if Peter or someone else who is experienced can explain to a beginner what exactly happened here I'd appreciate it!
All I'm doing here is putting my closing trade in before my opening trade. Then as the price approaches that closing position I put my opening position in. That way I get matched quickly and don't need to guess direction very much.
Ultimately, that is a market selection question. If the market is out of control and flying around all over the place then you probably shouldn't be doing this trade in that market anyhow.
So could you use this is any market? If you find yourself turning up to a market and thinking I have no idea whats going on would you still recommend trying this strategy out in that market? As normally I would skip that market.
Hi, Where can I find these exact ladder setting please. As the setting I have do not match and I am struggling to change them in the setting. Any help would be most appreciated.
Hello Peter, Can you help please ? When i placed a bet in what i thought was well and truly ahead of the queue why did the bet get matched instanly at the current price well and truly below the place i clicked on the ladder ? I thought i pretty much did what you did on the video but got matched straight away at a price i didn't ask for .. Lucky it was only a min bet but any advice would be greatly appreciated .. Cheers
Hi Peter. Still learning and this is excellent stuff. You mention you will do another video on how to make it even simpler. did that happen and if so can you share a link please
Any chance that you could do the more in depth video that you said you could and explain what features BA has to execute this strategy easier please Peter, or can this be found in the members area of BA?
You said there's an even more effective way to execute this trade & you'd do a more in depth video to explain it....have you got a link to that video please?
Peter just a random suggestion to maybe consider upgrading video quality to at least 1080p (HD) instead of 720p to make things less blurry. I think something like ladder recordings should be at 1080p minimum like your older videos were, or 1440p optimum, while 4k is overkill.
Hello Peter! Really appreciate the DECADES of work and information you put in the industry. Thanks a million. Can you be found out for dutching by sportsbooks? Do they share info on advantage players???? I don’t live in Europe and have no access to BetFair.
Bookmakers tend to restrict or close sharp accounts unfortunately. That's why I use exchanges. You may be able to access alternative exchanges perhaps?
Very dangerous this video for new traders..When you put your first back bet in then entered the market with your lay bet it wouldn't have been guaranteed to take your back bet....Seconds later it shot back down and new traders could be caught out by just letting it run and could've got their fingers burned....This sort of trade is not as easy as it looks I'm afraid
Peter, you need to put a back light behind you're head on your green screen shots because you're getting washed with green light reflecting off the green screen background.
@@betangeltv It would be easier for lighting if you had a full head of lush hair but as a follicly challenged fella myself we both know as they say you have two chances of that "Bob Hope and No Hope, and Bob's left town".
![[UNCUT] The Loyal Pin ปิ่นภักดิ์ EP.6 (1/4)](http://i.ytimg.com/vi/m05kZ2GDKXg/mqdefault.jpg)
👍🏼.. inception. - level 0 . Order flow starts here! Fill the gaps and the price will follow suit.
Thanks.
Boom!
This is definitely an eye opener. It's simple when you know how.
Wow! An eye opener right here! 🙏🏻
Glad it was helpful!
@@betangeltv Think it could work for greyhound racing? Very volatile markets. Can't wait for your second video on this!
@@GalgoGB it can but certainly more profitable on horse racing markets buddy
@@twoalange4354 I will try it there for sure.
Thanks, Peter! Looking forward to your follow-up, which you mentioned at the end of the video.
Verry nice , video each day i learn something new . and i fully enjoy bet angel .
Thanks for letting me know. It's a neat strategy that you can use often and it's safer than some others. But, as always, nothing is foolproof so you will need to practice and select the right market.
@@betangeltv correct , recently i found that different continents and regions suit a strategy better than others
Can’t wait for the next vid now, Peter!
Spot on as always Peter, thanks for all your content.
Very welcome
Hi Peter, Please cover the other points which will improve being matched as you mention. Thanks
Well explained nice one peter👍👍 more on tennis 🎾 markets will be welcomed 👍👍👍
Sure, I have done a few over the years which you may want to view.
Did you trade out manually a tick below at 3.45 Peter? I am a beginner and sometimes find it hard to know whats what.
I'm very new to all of this. Had the market moved the opposite direction once you placed the lay order as it was reaching the back order, would you have taken the small loss or waited in case the price went up again pre the off?
I'm new to this too but if I have understood correctly you would not lose anything because that far out the money will not be matched so you can always cancel it. However, as the price gets close to this order you place an order on the other side of the ladder.
Very insightful.
Glad you enjoyed it
It could have easily not gone as high as 3.5 then starting dropping down and ended up in loss. How did you know it was going to continue up and match you at 3.5? And in fact as soon as it did it started back down again... how did you know?
Trading is about probabilities. What Peter shows you is a tactic that increases your chances of both orders being matched when you do scalping.
@Daneil Thank you for stepping in on that. I always get a bit frustrated when people point out what could go wrong, that's not the point! So it's nice to see people understand exactly what I'm trying to do.
Problem I see is we're advised to not " chase " the price . Using this idea that's exactly what you're doing. Entering a stake 5 ticks away from the current price means you've got to enter as the price rises up to your order ( chasing ) . It could easily just touch it then reverse again. Because you've now got the other order matched , it's a loser. Advice appreciated if I'm wrong.
You are just looking for positions where there isn't much money. This means you can get matched quickly on both sides. That's the essense of this trade and how it reduces your risk.
Great video thanks. Why do you set the traded volume to a percentage with this technique?
I prefer that as it gives a better visual aid than just the amounts matched.
Hi Peter, I enjoy your videos but as a beginner it's assumed we all know what you are doing to get in and out, and place trades - but it moves so fast I can't fathom what you doing! It would really help novice traders if you explain what exactly is going on.
For example you put a Back order in @ 3.5, and a Lay @ 2.98 which I understand. But once the 3.5 was matched, and as the odds immediately started to fall towards 2.98 (was that just luck?) you the said that once the lay was matched @ 2.98 you would hover the mouse and place an immediate Back order @ 3.0. I totally do not understand why? Surely with a Back @ 3.5 and a Lay @ 2.98 you have then made the profit and hedge out? What does the additional back @ 3.0 do? To me you now have an extra Back bet that needs matching with a lower Lay bet?
So the video ended up rather confusing me, but if Peter or someone else who is experienced can explain to a beginner what exactly happened here I'd appreciate it!
All I'm doing here is putting my closing trade in before my opening trade. Then as the price approaches that closing position I put my opening position in. That way I get matched quickly and don't need to guess direction very much.
He puts his 'order' in (his lay bet) at 4:55 in the video. I missed it the first time I watched it, but it makes sense the second time around!
But you still have to predict the direction? Right?
No, you just need to put an order in as the price reaches your open order.
@@betangeltv but there still has to be the principal of lay low back high or vice versa
I'm running Professional 1.54.2e but do not have the option to change traded volume as in the video. What version should I be using?
1.56 or higher
Also on some occasions you may get your closing trade filled first and it goes further away from you.
You should never be in a position with this trade where your closing trade fills first. You should always be in ahead of that.
did you do a follow up to what you mention at about 8.05
A couple of videos later, yes.
And when it does go wrong when should you cut the position? Should you wait for it to bounce back or cut immediately?
Ultimately, that is a market selection question. If the market is out of control and flying around all over the place then you probably shouldn't be doing this trade in that market anyhow.
hello betangel am about to purchase your software, but can I Automate an under 2.5 goals strategy
forum.betangel.com/viewforum.php?f=50
So could you use this is any market? If you find yourself turning up to a market and thinking I have no idea whats going on would you still recommend trying this strategy out in that market? As normally I would skip that market.
More or less, yes. That's what I'd recommend. This sits inbetween markets where you can see or swing or not.
Hi, Where can I find these exact ladder setting please. As the setting I have do not match and I am struggling to change them in the setting. Any help would be most appreciated.
Which part are you not sure about?
@@betangeltv sorted, just needed to "reverse"
OK, glad it's sorted. Y, it's defaulted to no reverse. We have often debated whether to change that.
How to make such an app??
Hello Peter, Can you help please ? When i placed a bet in what i thought was well and truly ahead of the queue why did the bet get matched instanly at the current price well and truly below the place i clicked on the ladder ? I thought i pretty much did what you did on the video but got matched straight away at a price i didn't ask for .. Lucky it was only a min bet but any advice would be greatly appreciated .. Cheers
It sounds like you probably haven't set the odds display to reverse. Try that.
@@betangeltv Thanks for your prompt reply and i will give your suggestion a try .. Many Thanks
Hi Peter. Still learning and this is excellent stuff. You mention you will do another video on how to make it even simpler. did that happen and if so can you share a link please
th-cam.com/video/4Hm2PpuoXDU/w-d-xo.html
Any chance that you could do the more in depth video that you said you could and explain what features BA has to execute this strategy easier please Peter, or can this be found in the members area of BA?
You can view it here - th-cam.com/video/4Hm2PpuoXDU/w-d-xo.html
You said there's an even more effective way to execute this trade & you'd do a more in depth video to explain it....have you got a link to that video please?
Here you go - th-cam.com/video/4Hm2PpuoXDU/w-d-xo.html
Peter just a random suggestion to maybe consider upgrading video quality to at least 1080p (HD) instead of 720p to make things less blurry. I think something like ladder recordings should be at 1080p minimum like your older videos were, or 1440p optimum, while 4k is overkill.
Makes sense. I guess I just got familiar with rendering in this format.
4:19 - Shouldn't that be 'how far we are BEHIND the queue?'
Yes, couple of slips in there. Difficult when you narrate real time.
@@betangeltv LOL Okay Peter, I'll let you off - especially if you'll go easy on me when I return to trading on Betfair in July! ;-)
good evening ...can you only add the extra column on professional and not bet angel trader ...thanks
EPIQ is only available on Bet Angel professional.
Hello Peter! Really appreciate the DECADES of work and information you put in the industry. Thanks a million. Can you be found out for dutching by sportsbooks? Do they share info on advantage players???? I don’t live in Europe and have no access to BetFair.
Bookmakers tend to restrict or close sharp accounts unfortunately. That's why I use exchanges.
You may be able to access alternative exchanges perhaps?
I use Estimated Queue position all the time Peter, without I'm basically blind as a bat lol
I don't have that option on my version is it just the Pro version that supports it.
Just Pro
Very dangerous this video for new traders..When you put your first back bet in then entered the market with your lay bet it wouldn't have been guaranteed to take your back bet....Seconds later it shot back down and new traders could be caught out by just letting it run and could've got their fingers burned....This sort of trade is not as easy as it looks I'm afraid
Shockingly, all trades can lose money. Just in the same way they can make it, but this is neat way to trade without having to guess the direction.
Does this happen often enough or will you always beat us to it haha
The trade is possible to do on most markets, but it doesn't often match both. It's usully only in one direction.
Peter, you need to put a back light behind you're head on your green screen shots because you're getting washed with green light reflecting off the green screen background.
I've tried several different lightning sets to no avail. So I'm thinking I should just grow my hair back.
@@betangeltv It would be easier for lighting if you had a full head of lush hair but as a follicly challenged fella myself we both know as they say you have two chances of that "Bob Hope and No Hope, and Bob's left town".