Quantsports, Ninjatrader and Betfair - futures io
futures io futures trading



Quantsports, Ninjatrader and Betfair


Discussion in Trading Reviews and Vendors

Updated by bomberone1
      Top Posters
    1. looks_one bomberone1 with 6 posts (0 thanks)
    2. looks_two Chris23 with 3 posts (0 thanks)
    3. looks_3 QuantSports with 3 posts (2 thanks)
    4. looks_4 Fat Tails with 3 posts (1 thanks)
    1. trending_up 12,761 views
    2. thumb_up 3 thanks given
    3. group 9 followers
    1. forum 25 replies
    2. attach_file 1 attachments




Welcome to futures io: the largest futures trading community on the planet, with well over 100,000 members
  • Genuine reviews from real traders, not fake reviews from stealth vendors
  • Quality education from leading professional traders
  • We are a friendly, helpful, and positive community
  • We do not tolerate rude behavior, trolling, or vendors advertising in posts
  • We are here to help, just let us know what you need
You'll need to register in order to view the content of the threads and start contributing to our community.  It's free and simple.

-- Big Mike, Site Administrator

(If you already have an account, login at the top of the page)

 
Thread Tools Search this Thread
 

Quantsports, Ninjatrader and Betfair

  #11 (permalink)
United Kingdom
 
 
Posts: 3 since Sep 2010
Thanks: 0 given, 2 received


Fat Tails View Post
Thanks very much for the suggestion. I am not into horse fetishes.

I just felt a bit unsure, whether conventional trading tools can be applied to horses. Saw the Gom Volume Ladder on the QuantSports video and was wondering, what the horse does with the ladder. The relative strength index, spikes, troughs, head and shoulders, everything gets a new meaning. And you definitely should not bet on any moving average.

But then I must acknowledge that the Heikin Ashi chart already looks like a horse mane, racing over Welles Wilder's parabolic SAR. Very British, indeed.

I think you might have slightly misunderstood, but that's entirely understandable for someone unfamiliar with the betting exchanges. Pre-event sports trading does not require knowledge of the actual event, just the price. A lot like in some forms of futures trading; trading is entirely market profile based.

Fundamental analysis is used by the traditional bettor who does not seek to trade the hypothetical probability of an outcome happening.


Last edited by QuantSports; September 12th, 2010 at 06:10 PM. Reason: lies, damn lies and statistics
Reply With Quote
The following user says Thank You to QuantSports for this post:

Can you help answer these questions
from other members on futures io?
Convert NinjaTrader NT7 indicator to Tradestation EasyLanguage and RADARSCREEN
Platforms and Indicators
Issue meeting order entry conditions
Elite Automated NinjaTrader Trading
Last 5 minutes Label
ThinkOrSwim
Moving average with Lag reduction
NinjaTrader
Linux?
ThinkOrSwim
 
 
  #12 (permalink)
Market Wizard
Berlin, Europe
 
Experience: Advanced
Platform: NinjaTrader, MultiCharts
Broker: Interactive Brokers
Trading: Keyboard
 
Fat Tails's Avatar
 
Posts: 9,824 since Mar 2010
Thanks: 4,237 given, 26,522 received


QuantSports View Post
I think you might have slightly misunderstood, but that's entirely understandable for someone unfamiliar with the betting exchanges. Pre-event sports trading does not require knowledge of the actual event, just the price. A lot like in some forms of futures trading; trading is entirely market profile based.

Fundamental analysis is used by the traditional bettor who does not seek to trade the hypothetical probability of an outcome happening.

Thanks for pointing to this. If I misunderstood anything, it was a bit on purpose. I am not following any horse races, although I know that some people use sophisticated mathematical models to do arbitrage between different types of bets. NinjaTrader does not allow for executing spreads, so your customers are limited to directional bets, and commission and bid/ask can only be earned once.

How is this marketplace regulated? I would not trade on many FOREX retail platforms, and I have no confidence in instruments like CFDs. I am not afraid of futures and options, but I might be afraid of horse betting,

Reply With Quote
 
  #13 (permalink)
United Kingdom
 
 
Posts: 3 since Sep 2010
Thanks: 0 given, 2 received



Fat Tails View Post
Thanks for pointing to this. If I misunderstood anything, it was a bit on purpose. I am not following any horse races, although I know that some people use sophisticated mathematical models to do arbitrage between different types of bets. NinjaTrader does not allow for executing spreads, so your customers are limited to directional bets, and commission and bid/ask can only be earned once.

How is this marketplace regulated? I would not trade on many FOREX retail platforms, and I have no confidence in instruments like CFDs. I am not afraid of futures and options, but I might be afraid of horse betting,

This has nothing to do with arbitrage (something that doesn't exist on the betting exchanges). The analysis is meant to be used in conjunction with other Betfair trading platforms (that can execute spreads several times over). The markets are very similar to futures (in the sense that you are buying or selling a bet with an implied % chance of a future event happening) just on an incredibly short time-frame (for a trader the market only is active for about 10 minutes, though for scalping it could be lower than 5 minutes).

The markets aren't regulated (at all), it's just the respective sporting bodies which investigate match fixing and I believe Betfair co-operate with them. Some in-play markets are managed. Spread is entirely natural but is subject to incremental pricing. Commission is only on winnings. It's a closed market and Betfair just provide a platform, nothing like retail brokers. So in case you are wondering, there is a lot of insider trading and market manipulation

Reply With Quote
 
  #14 (permalink)
Bulgaria
 
 
Posts: 1 since Feb 2011
Thanks: 0 given, 0 received

I am Very Very HAPPY Forex Gurus doesn't have an idea what Betfair Trading means!

Reply With Quote
 
  #15 (permalink)
Germany
 
Experience: Intermediate
Platform: MT4, StrategyRunner
Trading: ES,EUR/USD,Oil
 
TheSeeker's Avatar
 
Posts: 123 since Dec 2010
Thanks: 66 given, 68 received


QuantSports View Post
I think you might have slightly misunderstood, but that's entirely understandable for someone unfamiliar with the betting exchanges. Pre-event sports trading does not require knowledge of the actual event, just the price. A lot like in some forms of futures trading; trading is entirely market profile based.

Fundamental analysis is used by the traditional bettor who does not seek to trade the hypothetical probability of an outcome happening.



What is the average price range of a bet intraday ? Can one only trade before the beginning of the event or also during the sports event ?

Very interesting stuff !

Reply With Quote
 
  #16 (permalink)
Budapest
 
 
Posts: 4 since Jul 2011
Thanks: 0 given, 0 received


Chris23 View Post
Hi
You can use the TRIX indicator to see if the price go up or down and if go through the zero for price confirmation
Also the squeeze indicator is really good.

Hi Chris,

I am also trying to study Betfair markets on NT.

Could you send me these two indicators, TRIX and Squeeze.

I have NT 6.5..

How have you been doing ? Any significant success on Betfair ? I would appreciate if you can give some hints..

Thanks.

Best,


Alessandro

Reply With Quote
 
  #17 (permalink)
London
 
Experience: Beginner
Platform: MultiCharts
 
Posts: 237 since Nov 2010
Thanks: 10 given, 22 received

Do you tjink to develop API also for Multicharts?
This site there are different comparison.
Interesting
https://www.tradinggraphs.com/software/charts-software/22-betfair-trading-software-comparison-bfexplorer-pro-vs-betangel-pro-video


Last edited by bomberone1; July 2nd, 2011 at 06:45 AM.
Reply With Quote
 
  #18 (permalink)
Liege
 
Experience: Advanced
 
Posts: 9 since Aug 2010
Thanks: 0 given, 6 received

Hi 3virgul14 , no i dont trade betfair anymore i am now on forex because there is to less volumes on a betfair market thats why some traders who come in with 10.000k or more can easily manipulate the price. Secondly, each market trading is less than 5 minutes => all the indicators take some times to appear because you need some historical price for them to work properly. But if you want to take a try here is the RSsqueezze.
NB. - Dont trade in play
- Prefer trading market between price range 2-4

Attached Files
Register to download File Type: zip RSqueeze.zip (21.8 KB, 35 views)
Reply With Quote
 
  #19 (permalink)
Palm Beach County
 
Experience: Advanced
Platform: OEC about to change to Ninja
Trading: ES ,EUR/USD
 
Posts: 179 since Feb 2011
Thanks: 66 given, 90 received

Unfortunately, this is useless information to US based traders as Betfair is illegal in the US.


Trader

Visit my futures io Trade Journal Reply With Quote
 
  #20 (permalink)
London
 
Experience: Beginner
Platform: MultiCharts
 
Posts: 237 since Nov 2010
Thanks: 10 given, 22 received


COuld post any kind of strategy trading about betfair please?
What are the difference from trading financial instrument?

Reply With Quote



futures io Trading Community Trading Reviews and Vendors > Quantsports, Ninjatrader and Betfair




Upcoming Webinars and Events
 

Understanding Order Flow Stop Runs & Icebergs w/Bookmap

May 28
 

Free BloodHound Licenses to everyone!

June
     



Copyright © 2020 by futures io, s.a., Av Ricardo J. Alfaro, Century Tower, Panama, +507 833-9432, info@futures.io
All information is for educational use only and is not investment advice.
There is a substantial risk of loss in trading commodity futures, stocks, options and foreign exchange products. Past performance is not indicative of future results.
no new posts