The decision recipe for evaluating opportunity return expectations has three inputs:
- Greater than/less than
This decision recipe allows you to evaluate a position’s rate of return probability being greater than or less than a specific percentage to filter for opportunities when adding new positions.
The first field prompts a dropdown menu to choose a position type. The decision recipe will then prompt you to choose a ticker symbol and, if it is an options position, add the details of the options legs.
The second field prompts a dropdown menu to select if the expected rate of return is greater than or less than the third field, where you manually input a percentage. When you have finished creating the recipe select, “Save.”
NOTE: You can also create a custom input, which allows you to input the field later to make the decision recipe dynamic across all automations.
The decision will be added to the list of criteria. The recipe will pull in data from the opportunity’s details and determine if the possible expected rate of return is greater than or less than the percentage input.
You have the option to add more decisions to the recipe or return to the automation editor. When finished, select “Save” again to return to the automation editor.
The automation editor will display your completed decision criteria for evaluating opportunity return expectations.
You can always select the decision inside the automation editor and make changes to the criteria.