I have a question about what happens/can happen when Market Hedge Position is clicked in the Market & API Status section.
I have Advanced Betting/On Market Hedge set to Cancel Bets then Hedge. I'm working on something IR, so I understand that the market is volatile and e.g. the figure available to hedge may not be available by the time the bet hits the market and as such could rip through it/come back and get it later.
I'm hoping I can clarify my understanding of what should happen, then determine if that is actually happening. I'm using a Tick Offset of 16, Hedged without full match. I've attached a sample from the other day.
I placed a lay on Codeshare for email@example.com. This was fully matched and the Offset back bet was placed automatically at firstname.lastname@example.org but was not matched and the price continued to come in. I clicked on the Market Hedge Position when it showed around a £2.xx loss (bet ID 0626) but when it hit the exchange the price had drifted and it got matched at 1.61. However, my original hedged offset bet was still in the market and got matched as well, resulting in an overall loss of 18.73.
I was working on the premise that clicking the figure in Market Hedge Position would cancel all bets then send an order required to Hedge - is this the case and if so is my reading of what happened here, in that the bet was not cancelled, correct?
I've had a read and reread of the manual and can't find anything that says offset bets are ignored by the hedge position operation. I'm not using a stop loss.