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Quantsports, Ninjatrader and Betfair
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Quantsports, Ninjatrader and Betfair

  #11 (permalink)
 Vendor: www.quantsports.co.uk 
United Kingdom
 
Futures Experience: Advanced
Platform: NinjaTrader, TradeStation, JForex, Bespoke
Favorite Futures: Weather Balloon
 
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
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  #12 (permalink)
Elite Member
Berlin, Europe
 
Futures Experience: Advanced
Platform: NinjaTrader, MultiCharts
Broker/Data: Interactive Brokers
Favorite Futures: Keyboard
 
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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,

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  #13 (permalink)
 Vendor: www.quantsports.co.uk 
United Kingdom
 
Futures Experience: Advanced
Platform: NinjaTrader, TradeStation, JForex, Bespoke
Favorite Futures: Weather Balloon
 
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

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  #14 (permalink)
Just starting out...
Bulgaria
 
Futures Experience: Beginner
Platform: NinjaTrade
Favorite Futures: Betfair Trading
 
Posts: 1 since Feb 2011
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I am Very Very HAPPY Forex Gurus doesn't have an idea what Betfair Trading means!

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  #15 (permalink)
Elite Member
Germany
 
Futures Experience: Intermediate
Platform: MT4, StrategyRunner
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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 !

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  #16 (permalink)
Trading Apprentice
Budapest
 
Futures Experience: Intermediate
Platform: NT
Favorite Futures: Betfair
 
Posts: 4 since Jul 2011
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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

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  #17 (permalink)
Elite Member
London
 
Futures Experience: Beginner
Platform: MultiCharts
 
Posts: 218 since Nov 2010
Thanks: 8 given, 19 received

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


Last edited by bomberone1; July 2nd, 2011 at 06:45 AM.
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  #18 (permalink)
Elite Member
Liege
 
Futures Experience: Beginner
Platform: Ninjatrader
 
Posts: 3 since Aug 2010
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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, 33 views)
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  #19 (permalink)
Elite Member
Palm Beach County
 
Futures Experience: Advanced
Platform: OEC about to change to Ninja
Favorite Futures: ES ,EUR/USD
 
Posts: 179 since Feb 2011
Thanks: 66 given, 89 received

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


Trader

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  #20 (permalink)
Elite Member
London
 
Futures Experience: Beginner
Platform: MultiCharts
 
Posts: 218 since Nov 2010
Thanks: 8 given, 19 received


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

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