Event automations allow you to create a repeating schedule for your automations. Schedules are a great way to set up mechanical trading systems that consistently enter or exit positions on a specific day.
You can customize the start and end dates, frequency, and days the scheduled automation runs. You can even choose the time of day the automation triggers.
For example, you could use a repeating schedule to run an iron condor scanner automation every two weeks on Wednesday at 10:30 EST.
If you use dollar-cost averaging to buy equity shares, you can set up an event automation to schedule the purchase on the 1st and 15th of every month.
You could also create a repeating schedule to close positions every Friday if they meet specific criteria, such as a pre-determined profit target or stop-loss.
There are so many ways you can use repeating schedules in your bot portfolio. Event automations give you the power and flexibility to run your strategies exactly when you want.