Sending/uploading price target alerts to a broker....ideas?
Author: lafetner
Creation Date: 1/12/2010 7:20 AM
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lafetner

#1
I am not wanting to fully automate trading, or sending buy/sell alerts automatically to a broker, at least not yet. What I am wanting to do is send stock price target alerts to a broker in mass.

Example: I create 300-400 price targets at end of day (not intraday), and simply want to be able to upload that list to a broker's ALERT system. If one of the targets hits during the day, then broker sends me alert email/text. I can then review and place a buy for that stock manually. I am currently using Scottrade where I can only enter these alerts manually, one at a time.

Are there better options out there? Any brokers out there who have process to upload alerts from a file, etc?

If I understand what Fidelity offers, it would be for auto trading the buys/sells only, not just for alerts. Is that correct?
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Eugene

#2
I wonder why bother with the middleman when this "preprocessing" can be done in WLP? i.e. why upload something to a broker, when WLP can Auto-Email you (and the execution phase is going to be manual anyway).
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lafetner

#3
I am using WL3, and not with Fidelity. So, am also not getting realtime minute-by-minute price updates during the day while at work. So, looking for best way to semi-automate whereby I can set alerts before market open, receive text alerts if price hits during day, and at that time can log in to review the potential trade before making it manually.

It sounds like I am making this more difficult than it needs to be...am I right?
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Eugene

#4
I was talking about WL5 - as we're in a Wealth-Lab .NET forum - but you can also configure the WL3's Quote Manager to send out an email whenever an alert is triggered.
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lafetner

#5
I've been using WL3 for a long time...and am amazed that somehow I never looked into the Quote Manager component. I have only been using simulator and scans. I am embarrassed now that I even asked the question...QM is exactly what I need (even better). One question about QM though, unless I am missing something the only real "free" quote feed there is Yahoo, and it appears to be delayed and not real-time. Is that correct? Any other free feeds?
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Eugene

#6
Medved QuoteTracker may have free snapshot quotes (or even RT for some providers? - you might want to check that). It's an aggregator. Good feeds are paid not free though.
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