You likely have a portfolio consisting of positions with different ticker symbols. And you probably manage positions differently based on the underlying security, right? Great news: You can automate bot actions based on the position’s ticker symbol.
You can use this decision recipe to check if the underlying ticker symbol is or is not a specific symbol. The recipe is typically used in monitor automations, where you can specify different actions based on the ticker symbol the bot is trading.
Why is this important? You may want to manage positions differently based on the product you’re trading. The automation can evaluate the position’s ticker symbol and take specific action based on the outcome.
For example, you can set different profit targets for different ticker symbols. Maybe you want to be more aggressive with AAPL positions than SPY positions.
This is a powerful recipe to use throughout automations if your portfolio has multiple positions and securities. Bots make decisions and automate actions based on the underlying ticker symbol so your strategies can be more flexible.
