Trigger a effect with schedules

I have a effect and would like to create a schedule that triggers this effect at a particular time everyday
Is there a way to do this?

On a Philips Hue bridge you can start an effect from a schedule if it is saved on the bridge. See: How to use the Effect Creator?

However, from your screenshot I can see you are using an IKEA gateway. That will not work at this time as effects cannot be stored on the IKEA gateway.

If you are familiar with automation apps on your phone, like Tasker, you could use that to start an effect at a specific time. Note that the phone needs to be switched on for this to work. See for more information: How do I use Tasker?.