Selling a covered call in Active Trader Pro ® Watch this video to learn how to place a covered call trade using the option trade ticket in Active Trader Pro®. It’s a shame too because it could be half decent if they actually dedicated some time to it. The Active Trader line is staffed by nice, helpful people. It works a lot better in Windows than macOS, but it's still not as good as ToS. Usage of Fidelity's online trading services constitutes agreement of the Electronic Services Customer Agreement and License Agreement. I have called Fidelity a number of times but could not get a solution on these. They will quickly fall behind the competition with this outdated software. Only issue is my broker doesn't allow oco orders so I can't set a stop loss and a profit order at the same time. The name is pretty accurate as the software does have a … I don't really have a solution to the aforementioned issues other than having the shortcuts pre-fill as much as possible and being quick on the trigger (maybe having two order windows open to avoid the extra click on "Make a new trade"?). u/Ghanem016 three months later are you happy with IBKR ? Contacted support and they gave me some tuning recommendations and I was still having issues. I'm guessing it sucks so much because Fidelity doesn't want to encourage more no-fee trading? I've been with Fidelity for a while but mostly holding long or swing trading. Not only are all my investments in one place with Fidelity, but they are one of the lowest cost brokers out there. My experience has been that Fidelity really does not care about ATP as a platform. It looks like they took the Windows executable and are running it under Wine, which is going to be a horrible user experience compared to a native app. The tws trader workstation app is a native app on both windows and macos and so far I have not had an issue with it. You will get price improvement vs. Thinkorswim where they profit off your shitty fills but Fidelity will boot you if you take advantage of their great fills too often. * Active traders who trade 120+ trades per calendar year and has one or more nonretirement account(s). It doesn't offer the ease of customization and use as say Trading view or other tools. Active Trader Pro, Fidelity's downloadable trading interface, gives traders and more active investors a deeper feature set than is available through the website. Or if you're trading a set-up, submitting a buy stop order and being ready with the sell shortcut if it gets filled. So far I've been running ATP on a separate Win box and RDP into it from the Mac. Is your laptop from 2003 or something? I recently started doing intraday trading and using their active trader pro (ATP) platform. I did find a workaround, though not ideal, to enter a standard order pre-market with a stop loss. Thanks for your responses. Hello, I have been using Fidelity as my brokerage platform for several years for passive investing only. The customer service for routine issues is fine. Hope that helps. Then select ‘Directed Trade & Extended Hours’ in the drop-down menu. I also run ToS on the same system and display about 90 RealTime charts and it uses about 2% CPU. I prefer macOS but there wasn't any Apple hardware that I was interested in because of thermals and expandability though that was before the M1. Fidelity requires 36 trades in a consecutive 12-month period to use Active Trader Pro. So I always know I'm getting the best fill. Was using a MacBook and a windows laptop and atp had issues on both for different reasons. Further, often when I am logged onto my Fidelity account and click "Positions" it sends me back to the logon. This article will compare the two programs and see which one is the better choice. TD Ameritrade is the winner here. I have been looking at other products for charts, gap-up lists and being able to script your own searches. There is no other requirement or cost for Active Trader Pro platform. If I have to switch to another platform that is good for volatile day trading, but not extremely cumbersome with a steep learning curve, which ones would you recommend? I make approximately 5000 trades per year, and have been at Fidelity for over ten years. I'm still paper trading but once I'm ready to go live, I'll probably be switching brokers. Suboptimal and unfortunate. There’s not much to debate here: Fidelity wins handily, by charging a close-to-rock-bottom $4.95 compared with TD Ameritrade’s $6.95. Is anyone using Active Trader Pro for macOS with success? Active Trader Pro, Fidelity's downloadable trading interface, gives traders and more active investors a deeper feature set than is available through the website. Research tools. Further, often when I am logged onto my Fidelity account and click "Positions" it sends me back to the logon. You can customize your Active Trader Pro experience to adapt to a layout that works best for you. Securities identified are not recommended or endorsed by Fidelity and are displayed for informational purposes only. Haven't tried ToS yet. This Windows-based trading platform provides one powerful feature after another like faster trading capability, up-to-the-minute market … Fidelity is known for great research and terrific trade execution. A side account somewhere else might be good for more volatile trading if you need to keep it far from your main account :-). I’ve successfully run it on a Mac with 32 gigs. I’ve noticed it updates on a weekly basis so they are maintaining tws and I am happy with IBKR. I'll have to check that out because I haven't had that issue before. I have not noticed any noticeable delay when placing the orders through the standard trade ticket instead of direct access. A basket of stocks traded mostly by hedge funds has fallen 2.5% so far this year, while a basket tracking retail favorites jumped 13.5%, data from Goldman Sachs showed. Active Trader Pro includes several unique, in-house brewed tools, including Real-Time Analytics (streaming trade signals) and Trade Armor (real-time position analysis). Unofficial subreddit for Fidelity Investments discussion, Press J to jump to the feed. My observations on Fidelity’s Active Trader Pro® (10.7) The comments below related to the downloaded version of Active Trader Pro. The best arrangement I’ve had is to have two trade tickets open with my buy and sell respectively (I trade in an IRA so no shorts), and pre-fill the sell ticket before submitting the buy ticket. I'm an ex-ToS user, attempting to use it on a new MBP with Catalina and ATP is unusable. Check out the TOS subreddit and you'll see a lot of mentioned outages and people are leaving for other brokers. Active Trader Pro ® Be in control with our advanced trading platform, act on insights with the all-in-one Daily Dashboard, find smart entry and exit points, and more. And if you try to avoid that by using OTOCO, you have to pre-set your target price which leaves no room to course-correct (granted, I haven't tried to submit a sell order while a OCO was active, but I wouldn't be surprised if you got a message saying you have to cancel the OCO first). It's in C# and not easily portable to iOS or Android. The web app is not useful at all for day trading. Who knows how long before Fidelity … By using our Services or clicking I agree, you agree to our use of cookies. Overall, Fidelity competes among the best brokers for day trading. For streaming level 2 quotes, Fidelity requires at least 120 trades per year. A new MBP doesn’t mean much if it only has 16 GB of RAM. However, you would have to trade the same amount of shares on all stocks unless you change the value in the shortcuts when switching stocks. You can enter single or multi-leg trades and analyze the potential profit, loss and breakeven points within the trade ticket. But using the charting software that comes with Active Trader Pro can be challenging. I'm not sure how much lag there would be if you're day trading though. FYI: mathematically it takes 1 random guess for you to make 20% of your bet amount at the table. Desktop Software Fidelity has a desktop platform named Active Trader Pro. Cookies help us deliver our Services. Some platforms and tools Fidelity offers are restricted to only high-volume traders, such as the Active Trader Pro. Fidelity does not endorse or adopt any particular investment strategy or approach to screening or evaluating stocks, preferred securities, exchange traded products or closed end funds. I hate a few things that makes Active Trader Pro really look ancient. Fidelity doesn't do Payment For Order Flow. However, and this is a big reason why I stopped day trading with them. ATP does appear (I haven't traded on it yet) to let me set up more complex options trades like iron condors which I don't get on the main web site. I run it on a Windows system today as it definitely runs better on Windows but it still uses up a fair amount of CPU resources (11% of an i7-10700). Gallery For example, if a stock closed at $5 yesterday, has gapped up to $6 in premarket, if I want to enter an order to buy the stock at $6.05, and simultaneously enter a sell order at $6.50 and a stop loss order at $6.02, ATP doesn't allow that because it detects the stop loss price of $6.02 to be higher than last price of $5. I recently spent some time with Fidelity on the phone and it seems they're active in developing the platform but features are prioritized according to user demand and, while hotkeys are "on the list", I couldn't get any sort of time-frame for implementation. Hard to believe how bad it is. I have been using a OTO order with a buy stop order, and a trailing $ stop loss order. They need to overhaul it but ya know, that means spending some money. Next I would say is APT, the trade iron fiction makes it easy to calculate share size, loss and profit amounts. If anyone else on this forum is using ATP for active day trading, I would like to hear your feedback and whether you have been able to workaround the issues listed above. The issue started when they went free. I ultimately decided to stick with Fidelity since they are more geared towards long-term investment.The mobile app is tolerable but I still maintain that the process of making a trade on mobile is way too cumbersome (I am not an active trader, but we should be able to set trading defaults so it doesn't take a minute of clicking and typing to make a trade). It’s because it’s been around along time and up until 8 or 10 years ago it was a Windows world. Also, more involved trades like trying to sell on the ask before going to the bid are just not feasible as it would require you to submit your order on the ask, cancel it in another window, then submit the new order on the bid. Active Trader Pro … Should I uninstall Windows 10 and install a previous version like 8 or 7? I know risk management quite well, been doing that past 20+ years, so keep your judgment to yourself. Anyone know if we can configure hotkeys with Active Trader pro, for quick day trading? Active Trader Pro is written by Wealth-Lab creators at around 2007-9 if I'm not mistaken. Information shown in the table below is based on the volume of orders entered on the "as of" date shown. You are going to lose all your money. A new MBP doesn’t mean much if it only has 16 GB of RAM. The most user friendly and best charts is probably TOS. Did a detailed analysis of atp after having it hang and crash during the trading day on both windows and macos and found there was a log showing errors. So I've had bigger losses than I've wanted. The best in my experience, for day trading is my sterling trader pro account. By using our Services or clicking I agree, you agree to our use of cookies. Prior to atp on fidelity I was trading using tos on tdameritrade and saw that software crashing at market open and market close and in the middle of the day. I haven't been able to figure out how to add VWAP to the intra-day chart. Not able to configure hotkeys to enter an order with a click of a button. I ended up getting ATP working on a Windows VM. Give it as much RAM as you can. They mentioned I look at Wealth Lab Pro, but it appears that is a strategy testing platform and not a day trader platform. Extremely poor performance and I can only use it a few minutes before it throws an exception and crashes. Contacted support and they basically did not want to see the errors or do anything about it. Requirements In order to gain access to Active Trader Pro, Fidelity clients must place 36 or more trades in a … I have searched this forum and came across several recommendations on IB, TOS, etc, however not sure if there is one that offers the best balance between a platform good for active trading and not overly complex to learn. I only use the web app to trade in my ira. I closed my trading account but kept my retirement account at fidelity. Shortcuts are no replacement for hotkeys, especially if you're looking to scalp. I finally went to interactive brokers and opened a pro account which charges commissions on trades. Options trading with Active Trader Pro is also impressive and includes a variety of analysis tools. New comments cannot be posted and votes cannot be cast, Press J to jump to the feed. If carrying around a super light laptop is too much for you then you might be in the wrong business. Moved all my business to IBKR last month just because of awful ATP experience. Active Trader Pro - Reset and/or Custom Layouts Gone I've only been a Fidelity member for about two months now, and I've used ATP for about 45 days or so. One important feature that is available on two of TD Ameritrade’s apps that isn’t on Fidelity’s app is a simulated trading mode. You sound like those roulette table guys that says it only takes 1 more to get rich. Currently looking at IB and Lightspeed, but open to other suggestions. The broker recently started allowing its customers to try out the program on a trial basis if they don't meet this requirement. You can try installing VMware Fusion for Mac which is now free for home users and see if running ATP within Fusion is faster. I'm contemplating ordering a HP laptop during holiday for a dedicated Fidelity setup. I’ve successfully run it on a Mac with 32 gigs. It ain't super smooth on Windows either. If you have to run ATP, I would recommend getting a Windows system with a fast CPU and lots of RAM. Get a jump start Upon initial login, use the setup feature to choose a layout, learn quick tips, and access educational videos. Use our screeners to help find trading ideas based on what’s trending and your investing goals, … Fidelity offers $0 stock trades, 3,500-plus no-transaction-fee mutual funds and top-notch research and trading tools. Some of the limitations that I've run into: For stocks that have gapped up pre-market, it does not allow me to submit an OTOCO (one triggers one cancels other) order where the stop loss price is higher than the previous days closing price. Fidelity's backtesting is done in Wealth-Lab Pro, a premium feature available to clients who have a minimum $25,000 account balance and who place at least 120 stock, bond, or options trades a … Plus, submitting a new sell order while having an open stop loss requires you to cancel that one first so you don't "accidentally" take short position (yay, clicking). Press question mark to learn the rest of the keyboard shortcuts. I mostly use the standard trade unless I am scalping and need to closely watch level 2. Why did you switch? I have uninstalled and reinstalled Windows, but can't work out how to take the fall Creator bit out of the reinstall. Once you have Active Trader Pro up and running, click on ‘Trades & Orders’ in the top menu. As of Dec. 31, 2019, Schwab had 12.3 million active brokerage accounts and $4.04 trillion in client assets. Webull surprisingly has the best apps IMO, but their customer service is atrocious and I wouldn't trust them with any large sum of money. We teach how to easily navigate the Fidelity Active Trader Pro chart software. It’s been described as “boomer-friendly” by a Fidelity employee on Reddit. Fidelity Active Trader Pro for day trading. The app / site both work, but they are clumsy, “weak”, and outdated. It's slow on Windows too. Active Trader Pro is Fidelity's downloadable trading interface, giving traders and more active investors a deeper feature set than is available through the website. It's not a good client experience coming from ToS. The trade iron feature that calculates share size, etc. Active Trader Pro is a dynamic trading platform that provides you with customizable tools to help you trade, track the market, see the latest financial news, monitor your portfolio, and more. I'm not sure why Fidelity would even make the claim that ATP works on macOS if it's this bad. New trader here. It's a game streaming service but you can pretty much install anything you like on your own VPS. If they aren't going to improve it, then I wish they would just open source it and let the community clean it up. It's slow on Windows too but not as slow as MacOS. I am actually thinking to switch to tdameritrade because of the lousy atp. It's a long story, but I don't want to do business with Schwab so I switched to Fidelity. I'm on a Mac and just downloaded ATP and it is so slow loading data. I really hate ATP. I got myself a Windows laptop JUST to run ATP. My experience as an active trader at Fidelity has been terribly frustrating, and has resulted in my moving most of my trading elsewhere. But, every successive roll results in you winning 10% less of your previous amount. Each uses different platforms from sterling trader pro, ibkr pro, TOS and ATP. Fidelity offers quotes and chains for single- and multi-leg option strategies as well as other essential research tools and resources for new and experienced option traders. is interesting. It's been amazingly helpful, though several annoying bugs occur on a daily/weekly basis. That being said, if you know your strategy beforehand, you CAN get the shortcut to prefill everything from order type, to share size, to limit price, even offsetting it by a few cents (say, buy 500 shares @ Ask + .05). In order to get access to the platform, you must make 36 trades per year. Active Trader Pro is Fidelity’s trading platform to compete with the other advanced platforms of the top brokers like TD Ameritrade’s ThinkOrSwim or Schwab’s StreetSmart Pro . No serious trader trades with a phone anyway. This allows me to put the trade in, and once the market opens and if I have time, I will either refine the trailing $ stop loss or cancel it and enter a OCO order for take profit / stop loss. I've run it on a MacBook Pro with output to a 4k monitor. Plus the 2% cash back on their credit card is nice too. Though APT provides level 2 quotes, and has shortcut keys on the level 2 screen, it will requires you to type and select the various options when entering an order. Download Active Trader Pro ® in just a few simple steps. Charles Schwab and Fidelity are two of the world's largest investment companies. I'm curious if ATP runs on the M1. ATP isn’t meant for day trading despite the name ‘Active Trader’. Maybe I need to up my trading level. Try using Parallels or dual boot into windows. And I just lost half-an-hour's chart annotating work. Press question mark to learn the rest of the keyboard shortcuts. I use my work laptop (DELL) to trade with Active Pro Trader because my own MacBook is nearly useless. I opened a TDA account one day after I opened my Fidelity account specifically because ATP was so bad. However, I recently started to get into daytrading and I pretty much agree with your assessment. I use my work laptop (DELL) to trade with Active Pro Trader because my own MacBook is nearly useless. Switched to TOS a while back and I’m much much happier. The charts are sub-par though. Order execution is very slow the first 15 minutes of the day. Fidelity is reliable, but their interface isn’t good. Before investing, consider the funds' investment objectives, risks, charges, and expenses. Fidelity ATP has most of the features you describe, their OCO and OTOCO works quite well. The charts appear to slow down or freeze for a few seconds before refreshing. Investors who trade frequently or prioritize costs above all else will likely want to look no further than this line item.If they do dig further into fees, however, they’ll find that in addition to lower trade commissions, Fidelity also beats TD Ameritrade for options trade costs, account fees — though both charge ve… Anyone in the same boat? I haven't tried TOS. I will have to try it out. Fidelity does have a “pro” type desktop software, it is geared toward more professional traders. Orders By Fidelity Customers. Another option is to get a VPS like Shadow and install ATP on there. I once had a order take a few minutes to fill. I have been using Fidelity as my brokerage platform for several years for passive investing only. I am finding some limitations with their platform, and wanted to check whether there are others on this forum that use ATP for a lot of day trading and what their experience is. I like the Fidelity platform otherwise, and would hate to switch to another broker. It hangs, crashes, takes forever to startup and uses a fair amount of CPU resources. Fidelity Active Trader Pro was designed to provide the power, price, and service you need to help you trade the way you want. If they aren't going to improve it, then I wish they would just open source it and let the community clean it up. I currently have 5 accounts I trade in, my 401k, rIRA, swing and day trading. Even with shortcuts pre-filling everything, you still need to press two clicks (shortcut and execution) and the time it takes you to do that, the price may have already changed and the operation might give you an error message forcing you to change values and try again (...and again... and again...). Active Trader Pro is Fidelity’s premium trading platform offering. Fidelity supports 128-bit browser encryption. If I get a M1X system, then I will put it next to the Windows system and tie them together using Synergy. I recently started doing intraday trading and using their active trader pro (ATP) platform. 64GB here. To get static Level 2 quotes, customer must execute 72-119 trades per year. The 'Reddit crowd,' with its use of call options and coordinated buying, has had a direct impact on the overall stock market. I agree with your observations, mine are similar. Fidelity is telling me this problem was created by .Windows fall Creator update. Cookies help us deliver our Services. huh.. how did you arrive at that conclusion? Active Trader Pro is available at Fidelity, while TD Ameritrade customers have access to thinkorswim. It's still a horrible mess full of bugs.
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