AutoInplayTrader is a specifically designed Betfair bot for trading on steamers (horses whose prices drops significantly while Inplay)  automatically without your involvement. It is a bot working on a very simple concept in a reliable way so that you will end up with a profit at the end of each day . The concept underlying the bot will be explained when you go through this simple user manual..

 

How to use this Bot ?

 

When you double click the bot exe , you will get below login screen at first. Please provide your betfair username as the  as the "Login Name" and Betfair Password as the "Password" . Also please provide the serial number you got when purchasing the bot as the "serial Number" in the below login screen..That's it..If all the provided information are true , then you will be taken to the main window of the bot which is shown and described in detailed below.

 

 

The main interface of the  AutoInplayTrader will look like below. It is a very simple , easy to use , straight forward interface which can be used even by a person who doesn't have any knowledge about computers or software  :-)

Default values for beginners are already given and  as a beginner all what you have to do is to press the start button , if the default values are OK for you..

 

 

I will next explain the very basic functionality of AutoInplayTrader alone with the user inputs ,  so that anyone who follows this user manual will get an idea about the  underlying betting logic of the bot and also an idea about the required  user  inputs shown in the screen shot.

Bot will dynamically identify the horses whose price drops significantly while inplay (or before inplay)  by analyzing the moving average variation of the prices of all the horses participating  to a particular race (Steamers).

 After identifying the Steamers ,  bot will place a BACK bet immediately on those identified horses with the stake pre-defined by the user in the "Stake" box  of the above screen shot. Then bot keeps monitoring the bet until it get matched.

After the BACK bet is matched ,  bot will place a LAY bet with a lay price which is lesser than the previously  backed price (which is less than desired number of ticks which is called  the "take profit ticks" and which is inputted by the user  as shown in the above screen shot )  . Also this LAY bet will be placed in such a way that the whole transaction get greened so that we will end up with a profit irrespective of the race outcome.

After placing the BACK bet, If the price get increased more than the number of ticks per-defined as "stop loss ticks" by the user , then the bot will immediately cancels the  previous lay bet and will place a new lay bet at current price in such a way that the possible loss is minimized..

 

"Max Profit Per Market" is the maximum allowed amount of profit for a one market..Once this value is exceeded , bot will stop trading on that market and will move to the next market .

"Max Loss Per Market" is the maximum allowed amount of Loss for a one market..Once this value is exceeded , bot will stop trading on that market and will move to the next market .