Friday, 11 December 2009

Bonjour The Geeks Toy

Horse Racing
Unit stake: £7.77
Session P&L: £6.19
Average market P&L: £0.88
Racing Bank at end of session: £83.40
Unit stake for next session (10%): £8.34

I only had an hour to trade today and managed to fit in 7 markets. I will include it though as it did contribute positively to my bank and will warrant a slight increse to my unit stake.

Today was also the first day I installed and had a play around with The Geeks Toy. I'm sure most of you have all heard of it by now, but just in case you haven't yet, this is a relatively new free trading application for Betfair which has been getting some good feedback from the trading community.

I do think it's important to have experience on multiple applications, not only for backup purposes but it also gives comfort to not be overly reliant on one application, plus I was curious since its release to see what all the fuss was about. The fact it is free is not really a big deal for me, although its great to not have to pay for an 'no capped' trial. I will gladly pay for something if I feel it is value, and I can only assume there will be a charge introduced at some point in the future. The most important factor for me is which application is providing me with the most effective trading platform.

Of course this is not a review of any sort, just my observations from my first couple of hours. I really need to use it for a sustained period of time to give it a fair trial. I didn't trade any of the races with it today, I only really had time to fire it up and go through all the options and place dummy orders to get a feel for it. I will probably start using it to scalp on the footy as this is very easy compared to the racing and will give me plenty of time to get accustomed to the set up.

I should add I am a very happy Bet Angel customer and have been for a few months now, but of course I am always open to trying new things.  Bet Angel are also on the brink of releasing an update which apparently has quite a few changes, so this is also something I am looking forward to.

So far though I've been impressed with The Geeks Toy. There are plenty of options and as with Bet Angel you can move everything around and customise your screen fully. I would say at a glance there are more details that could prove useful if used effectively. Having the longterm graphs opened and positioned automatically is a nice addition - although the fewer charting options is something I didn't like and I do miss the overview screen as I have been using it much more recently. It also seemed to be running very fast and feels smooth. I do like the shading used on the market depth column which makes it very easy to see at a glance where the money has been matched. I'll leave it at that for now, I intend to give it a good test run over the next couple of months and I'm sure I'll have plenty to say once I've had more experience with it.

Am working all weekend and with a busy week following that, will not have too much trading time but I will try and squeeze in whatever I can before Christmas.

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