Automated Trading Category
Author: gfparker
Creation Date: 2/10/2009 9:29 AM
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gfparker

#1
How about a category that's just related to Automated (Fidelity I assume) trading problems and solutions?
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jsmith2007z

#2
I would be interested to know how well it works, although I have not done enough recent trades as of yet to qualify for it.

One issue I had when doing lots of short-term intraday manual trades with Fidelity was that Fidelity's systems do not prevent executing trades that exceed intraday buying power, which can result in margin calls. I understand that other brokers have systems that will block such trades, but for some reason Fidelity doesn't, or at least they didn't in 2007.

I wonder whether WL automated trading can be set up to avoid this issue.

A big issue in automated trading is what happens when connectivity is lost or there is some sort of system problem; I would be interested to know how WL and Fidelity handle that.

I wonder how many people are actually doing automated trading with WL Pro.
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Cone

#3
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Strategy can't access the required information (fills, account data, etc.) to make that happen.

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If you lose connectivity, orders that are open stay open until executed or until the close. This is why you should be monitoring automated trading with a phone nearby.
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topcat77

#4
jsmith, I do about 20-30 trades (round turns) a day; WL is brilliant and the Fidelity platform
is pretty robust. But there are some quirks.
If you are interested I would be glad to share my experience :

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jsmith2007z

#5
Topcat, thanks for the offer. At this point it does not look like I will be doing automated trading with WL in the near-term, but if this changes, I may contact you.