Manual Trading: How To Stage Orders?
Author: StratMan
Creation Date: 2/16/2017 5:50 AM
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StratMan

#1
Hey there...

New to WLP and truly could use some help in order to know what to study after downloading and scanning through most of the UserGuides and doing numerous forum searches on "manual", "discretion", "close all" and similar keywords looking for info on how to create and use very basic manual trading methods and scripts so that I don't have to use Fidelity's website for entering/exiting equities.

This probably will be one of several sub-topics related to Discretionary Trading, which is my current focus for the time being.

In studying the WLP UI, it appears that by using the TradeTicket bar, multiple symbols can be Staged to GoLong in the Orders window. Then, during market hours, one simply selects (highlights) the symbols to enter, right-clicks on one of the highlighted lines, selects the "Place Selected Orders" option in the Context Menu and then each of those symbols will be submitted to Fidelity's "trade server" for entry.

Please, is that a correct understanding on how WLP would process multiple symbols to GoLong? If so...

1) Where is the GTC TIF option?

2) Will this process work the same for both PaperAccounts and my live accounts?

3) What else should be known about this seemingly simple method for manually Going Long on multiple symbols that I don't otherwise know to ask about?

Thanks so much!

PS: Kindly let me know if these trading/software acronyms are unfamiliar and I'll stop using them or include a "legend" at the bottom.
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Eugene

#2
Hi,

1) For Paper accounts, TIF for all order types is Day (only). GTC is not available for Paper Trading.
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Cone

#3
If you create an order with a Strategy that operates on Weekly, Monthly (or higher) bars, then the order will automatically be assigned a GTC TIF.

QUOTE:
Going Long on multiple symbols that I don't otherwise know to ask about?
No secrets about it. You can enter multiple orders simultaneously (in reality, they're placed one at a time really fast).

Although I emphasize that Wealth-Lab is a strategy-based platform, there are some convenient ways to enter discretionary orders other than using the Trade Ticket. See these topics in the User Guide:

1. Tradeable Trendlines:
Charting > Drawing Toolbar > Lines and Trendlines > Tradable Trendline Tool

2. Right click trading
Charting > Chart Context Menu > Right Click Trading
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StratMan

#4
QUOTE:
No secrets about it. You can enter multiple orders simultaneously (in reality, they're placed one at a time really fast).
[color=#000099]Great! Appreciate the confirmation I'm on the right-track with that as it's seemingly working just fine this morning in the Sim PaperAccount where market and limit orders are being tested and revised if the limit isn't hit. Yes, it's understood those staged orders are placed one at a time... But it's heck of a lot faster than on the website. :)

Thank you for those two other methods for entering discretionary orders. Perfect timing on that as I just noticed on page 52 in the March 2017 S&C issue, WLP had a contribution for how to implement the Golden-Cross B.O. momentum method where Eugene referenced the ability to use a "parameter slider" on the screen... Without any coding. Will definitely keep that in mind.

Right now, however, in learning the manual trading UI functionality, lots of questions are coming up where those that can't be figured out will get posted in the days ahead.

Thank you.[/color]

PS: Eugene, thanks for your reply on the font color function. Here's my next failed attempt to get it to work as one would expect. What I'm I missing here simply to get my font in dark navy blue? Thanks.
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Eugene

#5
QUOTE:
PS: Eugene, thanks for your reply on the font color function. Here's my next failed attempt to get it to work as one would expect. What I'm I missing here simply to get my font in dark navy blue? Thanks.

The color tag does not work for multiple paragraphs or being embedded inside other tags. There is no need to get all of your reply in a custom color. It's fine for some highlighting, though.