Bots have safeguards and limits that alert you when an automation encounters an error.
Total position limits are in place to limit the total open positions active in a bot. The “total position limit” error occurs when a bot attempts to add a position that exceeds the number of positions allowed for the bot.
Total position limits are set in a bot’s global settings.
You can change the total position limit at any time, but no more than ten positions may be open in a single bot. Be aware that increasing the total position limit may increase capital exposure.
The dashboard displays all daily activity for the bot, including the number of scanner and monitor automations that have run, how many decisions they made, and how many positions were opened or closed. The activity is time-stamped, so you know when it was last updated.
NOTE: Position limits are for new positions that are added, not closed. You can close as many positions as you want.
The Position statement lists all open, closed, and canceled positions.
Error messages are displayed inside of canceled positions.
Selecting a canceled position displays the position details. The error message explains why the bot was unable to open the position.
You can also access error messages in the bot log. The bot log shows your bot's automation activity.
Automations that encountered an error will be displayed in the bot log with a red circle and an explanation of why the bot discontinued the automation, such as exceeding the total position limit. The date and time the automation failed is also listed.
You can select the automation to see precisely where the bot encountered an error. For example, if the total position limit is set to 10 positions, and the bot attempts to open a new position, an error will occur. The bot will not enter a new position until another position is closed --manually or through an automation-- and space becomes available in the portfolio.
Error messages are also displayed in the notifications.
Notifications list all automation activity, including any time a bot encountered an error. As with the bot log and position statement, you can select an automation to view the decision criteria’ details.