It’s one of your favorite days of the year. The FOMC meeting has concluded, they’re making their announcement, and you have a strategy designed just for this moment.
You want to run an automation right after the event. But maybe you have a big meeting that day, or there's family obligations, so you can’t be at your computer when the time comes. Now, you can choose any scanner or monitor automation to trigger on a specific date and time.
Never miss another opportunity. With event automations, you can run an automation exactly when you want to, even if you can't manually execute the trade.
Schedule your strategies around major market events and let your bots do all the work for you.
In this video, I want to show you how to schedule automations to run for major market events. Now inside of your automations tab for a bot, you can of course run scanners and monitor automations, and create new events like when a bot opens a position or closes a position, create recurring schedules. But you also can run automations on specific dates and at specific times and associate these with major market events.
Currently, there's going to be a talk from the Fed Chairman that's going to happen this week at 10:00. So I can go into my demo bot here, and I can schedule an automation to run directly after that talk is done. Maybe I want to check and make sure that everything is OK with the markets and the markets didn’t blow up for some reason after the comments from the Fed Chairman.
So I click the button to choose an event, and then I choose the event on a specific date. I choose the date that I want the automation to run, this Friday, and I choose the time that I want the automation to run. Now I know that the Fed Chairman is going to be speaking this Friday at about 10:00. So, I want this automation to run at around 10:30.
This will give the market time to digest any of the comments that come out of the Fed Chairman and for the markets to move appropriately, allowing my automation to get the best information possible. Next, I choose the automation that I want to run. In this case, I could run an automation called profit taker, or I could run any of the other monitor automations that I typically have.
I could run an automation called "Short Put Spread Hedge" that would only run that hedge automation one time on this particular date, at this particular time, and it would go through the logic and decisions to potentially hedge a position if the market is falling or if certain criteria are met for that condition. Again, this is a one-time run of the automation in the future. Once I'm ready to go, I simply hit save.
We get a little reminder that again allows us to remember that if the automation date is in the past, it will run immediately. But we know that this is OK. We're gonna schedule this for the future. Now once that automations added to your list of events, notice that the automations are still by default turned off. This means that this automation is not really gonna run until you actually turn on your automations for your bot.
Now when you turn on automations, you can go back down to the events, and you can see exactly when this automation is scheduled to run. It's going to run on August 27th, at 10:30 in the morning Eastern Standard Time. I can go up here at any point and make changes to this, and I can run this at 10:45 or 11:00 if I want to give myself and the markets more time to digest any information coming out of the Fed Chairman. Again, all of those changes are immediately reflected inside your list of automations.
So, this is how you schedule automations to run for any major market event. You can do this across all of your bots and associate them with anything that's important to you or your trading strategy, so you don't have to be in front of your computer and monitoring things as they unfold during the trading day.