Event automations enable you to schedule any automation based on certain contingencies. You can use an event to trigger an automation automatically, reset bot tags, or send a notification as soon as a bot exits a position.
Many traders mechanically enter positions when a similar position closes. Before automation, you had to track your closed positions and enter orders manually to open a new position. Now, you can offload that process onto an event automation for increased efficiency.
For example, you could schedule an event automation to run after the bot closes a position. The event automation could instantly open a new short put spread when the bot closes a position. The event would run outside of the scheduled automation interval sequence.
You could also add a simple automation that sends you a notification if the bot closes a position.
This powerful feature gives you an added layer of control inside your bots and ensures you never have to wait to open a new position in your portfolio.