Trading Bot
 

I built a trading bot from excel today, if anyone is interested in sharing some ideas i could test them out.

I assume by trading you mean laying lower and backing higher before the race. Are you using the free API ? Its fairly limited for trading potential.

No, Using Gruss software, i use formulas and triggers so i can do off-set bets greenup, fill and kill, keep in play or pre race, there software is great for manual trading but like anything else you need a strategy for it to work.

Trying a simple one to start, backing the fav and laying one tick lower, do this for between 3-5 minutes before the race then greenup just before the off.

I understand there are some issues with excess charges on betfair, might have to check that out but UK markets are fine to work with.

Next job, Automated Bookie Bot.

Hi Shaun,

I'd be interested in a bookie bot for sure. Do you have the ability to record price high and low points? I think a trading bot that knows the high and low price points would have a better chance to lay low and back high consistently.

Would be easy enough to program but you would have to be active on the market, with races so close you would have to limit your action to spend more time on each event, unless i can import a chart from betfair, but how accurate would that be early in better.

Here is a shot of the bot.

The easiest method I know is to :

Compare to a bookies price. Any bookie will do. If you look at the market at least 10 mins before it races then set a price in there at least 25% less then the bookie price.

With 1 min to go check what bets have been taken. Lay them off at the higher prices.

Move to next market.

Its an easy method that works for a few bets each day but watch out for data charges and limits on requests for bets matched, etc.

For example if a horse is at $20 with a bookie then you lay it $15.00. You will likely find betfair has prices like $10 on the back side and $30 on the lay side. Your just looking to pick up the cheap lay and then trade it out.

Very impressive look, Shaun. Do you require Gruss software for it to work?

SpeedyBen, you could do worse than check out the gruss free trial, it's a great bit of software.

Shaun
Here is one that I would like to get my hands on. It is not trading so no restrictions. Using the software I have now I can offer the same low lay price on each horse in running which will only be taken up as the race gets to its pointy end. I now cancel all other offers manually as soon as I see that one horse has been backed with me. I would dearly love software that cancels all remaining offers automatically.
Is it possible?