We’ve given you the flexibility to run your strategies exactly when you want.
Automations typically run at defined intervals throughout the trading day. With event automations, you can schedule a scanner or monitor automation to run once at a particular time on a specific day (or days) of the week.
You can tell the bot what days to run the automation, when to start and end the schedule, and what time to trigger.
For example, you can set up an automation to run every week on Monday, Tuesday, and Friday at 10:30 EST as demonstrated in the video above.
Your other automations still run at their scheduled intervals. This is a great way to use a scanner automation to enter trades on specific days of the week and let monitor automations continually manage the open positions.
You could also schedule an automation to automatically check and close profitable positions before the weekend. Simply tell the bot to run a monitor automation at 3:45 EST every Friday.
In this video, I want to show you how to easily run automations on specific days of the week.
So inside of any bot on Option Alpha, you can, of course, run any automation as a scanner or as a monitor.
Now scanners are traditionally the automations that are going to be used that help show the bot exactly what decisions to make and what actions to take that would eventually lead towards opening a position. Then you have your monitor automations that are going to be there watching for new open position positions and tell the bot how to manage those positions.
In this technical swing trading bot for MACD, we have currently one scanner automation that is using a MACD signal for swing trading credit spreads, and then we have two monitor automations. One that manages our put spreads and one that manages our call spreads.
In this case, we don't have any events that tell the automations to run on specific days of the week. Instead, the automations run all the time looking for new positions and managing existing ones. But, at any time, you can choose to run any automation on a specific day of the week. You simply just have to set up an event and then choose your automation.
So down here in the event section, we're going to choose an event and then choose a repeating schedule. So repeating schedules are really cool because you can set the exact schedule that you want the automation to run on. Instead of running the automation continuously looking for positions or managing positions, you can tell the bot to run any automation you want on an exact schedule.
So, first, we just have to select our schedule. We select our start date; then we select when the automation repeats. In this case, we can choose every week, and then we can choose particular days of the week that we want the automation to run. This is where we can easily run automations on specific days of the week.
We can choose to run this automation on Monday, Wednesday, and Friday only. This means that the automation would not run on Tuesday and Thursday. Easily, we can change this and then toggle off Wednesday and choose Tuesday. So, we only run this automation on Monday, Tuesday, and Friday.
With our day selected, we simply now choose the time that we want the automation to run on those particular days. Say 10:30 market time, Eastern Standard Time. And then we choose how we want to deal with market holidays. We can choose to run the automation the day before, run it the day after the holiday, or just completely skip any holidays that fall on those particular days of the week.
Once we've confirmed exactly how we want our schedule to work, we simply hit save. Confirm that we're allowing it to start the automation today if it's still within that time period, and then go ahead back to our repeating screen.
Now we have our schedule set up and in place. This schedule set up to run every week on Monday, Tuesday, and Friday exactly at 10:30 Eastern Standard Time market hours. Now we just have to tell the bot exactly what automation we want it to run.
Notice that we can pull from the list of available automations currently in the spot or any automations inside our library, as well as create a brand new automation to be run at the specific time. In our example here, let's go down to some of our other scanners that we have, and let's run and connect a brand new scanner automation to this particular bot.
We're going to connect our honey badger scan with MACD signals which is very fitting for this technical swing bot that's already using MACD. And we're going to choose that particular automation to run on the schedule. We can select and confirm all of our custom inputs for that automation. And once we're good to go, we simply hit save.
Now our new event has been scheduled. And when it hits Monday, Tuesday, or Friday at 10:30 Eastern time, this automation will run one time inside of our bot. It's already set up here as a custom event which allows us to easily run this automation on specific days of the week.