An automation is a collection of bot actions that use decisions to reference and evaluate market criteria, position performance, and opportunities, and typically end by opening or closing a position.
Automation types are listed in the Automations tab.
Three automation types are available to enter, exit, and manage positions:
Scanner automations look for opportunities to enter new positions based on the decision recipes you create. Scanners filter through market criteria and work through a decision tree to open a position.
Monitor automations manage open positions inside a bot. Monitors actively manage different strategy types and only trigger once a position is opened with a scanner or event automation. Bot monitors typically end with a close position action and exit or adjust a trade when your decision criteria is met.
Event automations are triggered on a schedule or when something occurs inside the bot. You can use events in conjunction with scanner and monitor automations. You can add multiple event automations to a bot and target specific strategies using multiple triggers.
Yes, automations can be saved to your library and re-used in any bot.
You can make your bot sas simple or complex as you like within the limitations of the bot platform.
Yes, you can trade different symbols and different position types within a single automation.
An automation is a component of a bot. Bots consist of one or multiple automations. Automations follow specific decision recipes to execute a strategy.
A bot can have five scanner automations, five monitor automations, and five repeating schedule event automations of each type (daily, weekly, monthly, etc.).
No. Bots are off by default. You must turn them on manually.
No. Bots run on a cloud server. Once a bot is turned on, you do not need to log back into your computer or have your browser open. The bot will run automations at their scheduled intervals.
Automations run every 15 minutes beginning at 9:45 EST and stop running at 3:45 PM EST.
No. You can use any combination of scanners, monitors, or event automations in your bots. You can also open and close positions manually.
Remember, if a bot has an open position, a monitor automation is needed to manage the position.
Yes, you can use an event automation to run automations on a repeating schedule or a one-time calendar event.
Yes, the bot will still run, but no new positions will be added if there is not enough capital allocated to open a new position. However, monitor automations will still manage open positions.
You can remove automations in the Automations Library by hovering the mouse over the automation and select “X.”
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