Sunsetting is a tactic designed to stop bad-performing ad sets permanently, rather than on a turning on/off daily.
Sunsetting shuts off underperforming ad sets for good. The tactic monitors your ad sets over time, decreasing budgets for underperformers and permanently pausing ad sets that constantly don’t perform well.
There are situations in which a stop-loss is simply not enough. For example, what happens if an ad set continues to be triggered by the stop-loss and shows no sign of improvement?
Sunsetting serves as the alternative, providing you with a way to turn off an asset permanently while still providing the asset with ample time to prove itself.
You can choose a spending limit that will initiate a check when reached. Once that check has been initiated, the Sunsetting tactic will scan to make sure that the asset falls within the performance criteria you set. If it meets the trigger point set for bad performance, Madgicx will then decrease the budget.
There is an option to set spending limits for four different performance levels, so you can give more leniency to normally good-performing assets.
Once the budget has been lowered, the next spending limit check will determine whether to pause the asset or leave it running. Again, these limits can differ depending on the performance level of the asset. If the asset is still performing badly once it has reached this second check, the tactic will pause it.