How to Automatically Run Any Automation When You Open a Position

Set up an event automation to automatically trigger any time a new position opens inside your bot.
Kirk Du Plessis
Sep 8, 2021

Event automations give your bots an added layer of flexibility. You can schedule automations for a future date and time, create a recurring schedule, or react to opening and closing actions.

Opening a new position --with an automation, manually, or using a button-- can trigger an event automation. This tells the bot to take action when a specific event occurs, such as opening a new position in the bot.

You can customize an event to open a specific position type. For example, this functionality is great for covered calls. Once a scanner automation opens a long equity position, an event automation instantly sells a synthetic covered call on the same stock.

It’s challenging to keep track of all your portfolio’s opening and closing actions. Certain strategies depend on multiple opening orders triggering in a defined sequence. Let bot events automatically perform these tasks for you so you don’t miss an opportunity.

Event automations give your bots an added layer of flexibility. You can schedule automations for a future date and time, create a recurring schedule, or react to opening and closing actions.

Opening a new position --with an automation, manually, or using a button-- can trigger an event automation. This tells the bot to take action when a specific event occurs, such as opening a new position in the bot.

You can customize an event to open a specific position type. For example, this functionality is great for covered calls. Once a scanner automation opens a long equity position, an event automation instantly sells a synthetic covered call on the same stock.

It’s challenging to keep track of all your portfolio’s opening and closing actions. Certain strategies depend on multiple opening orders triggering in a defined sequence. Let bot events automatically perform these tasks for you so you don’t miss an opportunity.

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