The repeater action repeats through a list of positions in the bot to identify specific criteria based on the settings you provide.
Select the “+” symbol in the automation editor to add an action from the list.
The repeater action can repeat decision criteria throughout all open positions in the bot. You can select the types of positions through which you want to repeat. You can manage all positions in a bot or select a specific position type to manage, such as a short call spread. Filtering for one position type tells the repeater to only apply the actions to open positions of that type in the portfolio. This way, you can build out multiple types of automations that manage different types of strategies differently.
The repeater action only works in open positions. This is why it is important to put the repeater inside any monitor automations you run.
Select the “Save” button, and the repeater will be added to the automation editor. When the automation starts, it will repeat through all of the selected position types. You can easily change the position inputs of the repeater by selecting the action in the automation editor.
NOTE: Repeater actions are typically placed at the top of an automation. This is important because it identifies what position types the decision recipes will focus on. You can always put the repeater action later in the automation if you want to check for global market conditions before repeating through a list of positions.
Once the repeater is in place, you can add additional actions you want to filter through for each individual position. The repeater will check the criteria and data for each active position in the bot.
For example, if you want to check if any bot’s positions have increased in premium by 10%, you can add a decision action with the defined criteria, select the position type the bot will reference, and save the action to the automation. The repeater action will now check each open position to see if the premium has increased by 10% since the position was opened.
NOTE: The link is dynamic and pulls in the data from each individual position.
If you want to add actions before the repeater action begins, simply select the gear icon and precede the action with another decision criteria.
For example, you could add a decision action to first check the value of the VIX before repeating actions throughout your open positions. If the criteria is confirmed and proceeds down the “Yes” path, the bot will repeat through the list of decisions you have added through all of the selected positions.