Tools—Stop Loss

The stop loss tool is designed to be used as a safeguard against a trade moving against you. You can set it as many ticks below the current price as you like. You can have it activate automatically on every trade you place or you can use it manually as and when required.

You can watch a video of the right-click stop loss.

Manual Stop Loss

To activate a manual stop loss you simply right click in the price box of your choice and it will place an amount in yellow in that box. To cancel the stop, simply right click again in that box. To move the stop loss, just right click in any box above or below and the stop will move. In the screenshot below we have activated a stop loss manually with no back or lay bet. So this bet will get matched only if the price drops to 2.90. This is a good way of backing something only if it breaks a resistance point, in this case 3.00. You do need to have backed or laid first to use this tool.

Watch this video of the manual stop loss in use.

Automatic Stop Loss

You can set Evolution to place a stop loss the instant you place a bet. In the screenshot we have placed a lay bet at 3.00 and had Evo automatically place a stop loss 4 ticks below our asking price.

Trailing Stop Loss

The stop loss can also be set to be a trailing stop loss. What this means is that when you lay and the stop loss is active, as the price rises, the stop loss will move up with it and as soon as the price reverses, the stop will be met at the higher price, often when the trade is in profit so it stops it falling back into a losing position.

So in the screenshot above, should our lay get matched and the price move up to 3.50, the stop loss would be sitting at 3.30 so if the price came “off” and starting moving back down, we would get matched at 3.30 and would still have secured a six tick profit. This is good to use if you are not sure just how far the price is likely to rise. It may (with severe caution) be used in a very fast moving market like in running racing when the price can move and be matched in the blink of an eye.

We would not highly recommend using it in running on horses as the price can drop so fast the stop can be activated and not matched if the price drops too quickly. It can crash right through the stop if someone offers to back the horse at a lower price than your stop was submitted. Use with caution! But it certainly can catch some very nice price swings that would never be caught manually.

Hedged Stop Loss

Rather than have to manually hedge a loss once your stop is activated, Evo can do this for you by selecting the hedged button in the stop loss tool. What this means is if you place a bet and it goes wrong and you are stopped out for say a £20 loss on a selection and £0 on all the others and the price of the selection is now 2.00 then Evo will hedge it so the loss is only £10, but this will be on every outcome, not just the selection you were trading on. So it makes the loss a certainty but far smaller. It is highly recommended to always hedge wins and losses.

You can watch a video of the tick-offset stop loss in use.

Stop Loss Percentage Tool

You can set Evo to set the stop loss as a %. So if you lay at say 2.00 and have the stop loss set to 10% then Evo will place the stop loss at a price 10% below 2.00 which would be 1.80.