Use Bot-Level Decisions for Added Flexibility

New bot-level decisions give you more capital and position flexibility when building bots.
Ryan Hysmith
Sep 26, 2021
2 min read
Use Bot-Level Decisions for Added Flexibility

New decision recipes give you expanded flexibility when using bot-level data inside your automations.

Bot-level decision recipe display

Bot-level recipes allow you to make decisions based on capital, profitability, position type, and diversification.

Bot open p/l is greater than decision recipe

You now have the ability to check a bot’s available capital or allocation for possible opportunities or open P/L. A whole new set of actions can be taken at different capital usage levels. 

Want to check to see if you have enough capital for two contracts of a possible opportunity before you open the position? Now you can.

You can check to see if a bot has a specific number of open positions, a certain type of position open, open positions with a specific ticker symbol, or a combination of all three.  

For example, you can check to see if a bot has an open bullish position, such as a put credit spread, before entering additional bullish positions in SPY.

Bot has exactly X position with position type and symbol decision recipe

We also added a new category with two new recipes to reference the market time and day of the week inside your automations.

Market time decision recipes display

Want to run your automations all day but only open or close positions after a certain time of day? You can do that now.

For example, traders who use the opening range can add the market time decision to only enter positions after the opening range is established. You can wait 15 minutes, 30 minutes, an hour, or whenever your strategy dictates. You could use the same decision to only close positions after a certain time of day, too.

Current market time is decision recipe

These bot-level decisions were added to expand functionality and increase flexibility so you have more options available as you create your bots. So update your automations and bot templates with these new decision recipes!

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