Triggers with tag "Stop-loss"
This is a one-size-fits-all solution for setting the target profit and/or the maximum loss after which your triggers will stop betting until you reload them next time. The example contains some actionable advice as to how incorporate the triggers into your existing trigger file.
This example is the opposite of the "Three triggers for simple Stop-Loss, after laying"
The triggers will maintain a trailing stop-loss function: that is whenever the price drops down and the market is in your favour, the current lay price of the selections that you backed on will be remembered.
This example acts symmetrically to the other one called "Trailing Stop-Loss, back then lay"
Each trigger places a stop-loss back bet to minimise the probable loss from a lay bet that you might place before.
It combines several aspects. It is a trading trigger that concentrates on the favourite. It is based on Welles Wilder's Relative Strength Index (RSI) which he developed for the stock market a long time ago but it can be used in high volume betting markets.
This example is the opposite of "Continuous backing and greening up". It places lay bets on chosen selections and waits for the opportunity to green up, if the prices keep moving up. If, however, they start falling down, the stop-loss bet is placed to minimise the loss.
This example automates scalping, whereby you back on a selection then green it up or distribute the loss equally, then repeat this cycle. Its implementation is generic, i.e. it covers the general case, but you may add more triggers or conditions to it if it needs customisation. With stop-loss.