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 . 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...). The 'Reddit crowd,' with its use of call options and coordinated buying, has had a direct impact on the overall stock market. 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). Fidelity ATP has most of the features you describe, their OCO and OTOCO works quite well. It’s been described as “boomer-friendly” by a Fidelity employee on Reddit. I have been using Fidelity as my brokerage platform for several years for passive investing only. Research tools. The charts are sub-par though. Fidelity does have a “pro” type desktop software, it is geared toward more professional traders. It's a long story, but I don't want to do business with Schwab so I switched to Fidelity. 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. The charts appear to slow down or freeze for a few seconds before refreshing. So far I've been running ATP on a separate Win box and RDP into it from the Mac. 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. is interesting. 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. 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). Gallery 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. You are going to lose all your money. They need to overhaul it but ya know, that means spending some money. I really hate ATP. 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… 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? A side account somewhere else might be good for more volatile trading if you need to keep it far from your main account :-). Was using a MacBook and a windows laptop and atp had issues on both for different reasons. Fidelity Active Trader Pro for day trading. Fidelity Active Trader Pro was designed to provide the power, price, and service you need to help you trade the way you want. I'm curious if ATP runs on the M1. It's slow on Windows too. My experience has been that Fidelity really does not care about ATP as a platform. The Active Trader line is staffed by nice, helpful people. If they aren't going to improve it, then I wish they would just open source it and let the community clean it up. Try using Parallels or dual boot into windows. I closed my trading account but kept my retirement account at fidelity. 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. 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. It hangs, crashes, takes forever to startup and uses a fair amount of CPU resources. I know risk management quite well, been doing that past 20+ years, so keep your judgment to yourself. Some platforms and tools Fidelity offers are restricted to only high-volume traders, such as the Active Trader Pro. I only use the web app to trade in my ira. Fidelity is telling me this problem was created by .Windows fall Creator update. Hello, I have been using Fidelity as my brokerage platform for several years for passive investing only. New comments cannot be posted and votes cannot be cast, Press J to jump to the feed. Cookies help us deliver our Services. I make approximately 5000 trades per year, and have been at Fidelity for over ten years. It's a game streaming service but you can pretty much install anything you like on your own VPS. I opened a TDA account one day after I opened my Fidelity account specifically because ATP was so bad. Cookies help us deliver our Services. I’ve noticed it updates on a weekly basis so they are maintaining tws and I am happy with IBKR. I recently started doing intraday trading and using their active trader pro (ATP) platform. In order to get access to the platform, you must make 36 trades per year. Active Trader Pro is available at Fidelity, while TD Ameritrade customers have access to thinkorswim. Active Trader Pro is Fidelity’s premium trading platform offering. u/Ghanem016 three months later are you happy with IBKR ? Moved all my business to IBKR last month just because of awful ATP experience. I use my work laptop (DELL) to trade with Active Pro Trader because my own MacBook is nearly useless. I ended up getting ATP working on a Windows VM. Options trading with Active Trader Pro is also impressive and includes a variety of analysis tools. I recently started doing intraday trading and using their active trader pro (ATP) platform. So I've had bigger losses than I've wanted. I use my work laptop (DELL) to trade with Active Pro Trader because my own MacBook is nearly useless. You can try installing VMware Fusion for Mac which is now free for home users and see if running ATP within Fusion is faster. It works a lot better in Windows than macOS, but it's still not as good as ToS. I'm contemplating ordering a HP laptop during holiday for a dedicated Fidelity setup. Suboptimal and unfortunate. I have uninstalled and reinstalled Windows, but can't work out how to take the fall Creator bit out of the reinstall. 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. I've been with Fidelity for a while but mostly holding long or swing trading. However, and this is a big reason why I stopped day trading with them. 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. 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. Thanks for your responses. I'm an ex-ToS user, attempting to use it on a new MBP with Catalina and ATP is unusable. I'm still paper trading but once I'm ready to go live, I'll probably be switching brokers. I currently have 5 accounts I trade in, my 401k, rIRA, swing and day trading. The broker recently started allowing its customers to try out the program on a trial basis if they don't meet this requirement. I haven't been able to figure out how to add VWAP to the intra-day chart. It’s a shame too because it could be half decent if they actually dedicated some time to it. 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). I haven't tried TOS. 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®. I have been using a OTO order with a buy stop order, and a trailing $ stop loss order. Currently looking at IB and Lightspeed, but open to other suggestions. But using the charting software that comes with Active Trader Pro can be challenging. Anyone know if we can configure hotkeys with Active Trader pro, for quick day trading? The customer service for routine issues is fine. I hate a few things that makes Active Trader Pro really look ancient. This article will compare the two programs and see which one is the better choice. Further, often when I am logged onto my Fidelity account and click "Positions" it sends me back to the logon. Is anyone using Active Trader Pro for macOS with success? The trade iron feature that calculates share size, etc. I’ve successfully run it on a Mac with 32 gigs. 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. Information shown in the table below is based on the volume of orders entered on the "as of" date shown. Plus the 2% cash back on their credit card is nice too. Maybe I need to up my trading level. So I always know I'm getting the best fill. huh.. how did you arrive at that conclusion? I'll have to check that out because I haven't had that issue before. Overall, Fidelity competes among the best brokers for day trading. If carrying around a super light laptop is too much for you then you might be in the wrong business. There is no other requirement or cost for Active Trader Pro platform. Once you have Active Trader Pro up and running, click on ‘Trades & Orders’ in the top menu. 64GB here. Contacted support and they gave me some tuning recommendations and I was still having issues. This Windows-based trading platform provides one powerful feature after another like faster trading capability, up-to-the-minute market … I got myself a Windows laptop JUST to run ATP. By using our Services or clicking I agree, you agree to our use of cookies. I have not noticed any noticeable delay when placing the orders through the standard trade ticket instead of direct access. * Active traders who trade 120+ trades per calendar year and has one or more nonretirement account(s). I am actually thinking to switch to tdameritrade because of the lousy atp. 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. 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. Anyone in the same boat? Hard to believe how bad it is. I'm not sure why Fidelity would even make the claim that ATP works on macOS if it's this bad. Is your laptop from 2003 or something? Next I would say is APT, the trade iron fiction makes it easy to calculate share size, loss and profit amounts. Should I uninstall Windows 10 and install a previous version like 8 or 7? Another option is to get a VPS like Shadow and install ATP on there. Who knows how long before Fidelity … Unofficial subreddit for Fidelity Investments discussion, Press J to jump to the feed. The app / site both work, but they are clumsy, “weak”, and outdated. However, I recently started to get into daytrading and I pretty much agree with your assessment. Fidelity is known for great research and terrific trade execution. You can customize your Active Trader Pro experience to adapt to a layout that works best for you. Active Trader Pro is written by Wealth-Lab creators at around 2007-9 if I'm not mistaken. For streaming level 2 quotes, Fidelity requires at least 120 trades per year. You sound like those roulette table guys that says it only takes 1 more to get rich. If they aren't going to improve it, then I wish they would just open source it and let the community clean it up. Why did you switch? A new MBP doesn’t mean much if it only has 16 GB of RAM. 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 … New trader here. Active Trader Pro includes several unique, in-house brewed tools, including Real-Time Analytics (streaming trade signals) and Trade Armor (real-time position analysis). The web app is not useful at all for day trading. And I just lost half-an-hour's chart annotating work. Not able to configure hotkeys to enter an order with a click of a button. I did find a workaround, though not ideal, to enter a standard order pre-market with a stop loss. I've run it on a MacBook Pro with output to a 4k monitor. 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. To get static Level 2 quotes, customer must execute 72-119 trades per year. Haven't tried ToS yet. FYI: mathematically it takes 1 random guess for you to make 20% of your bet amount at the table. We teach how to easily navigate the Fidelity Active Trader Pro chart software. It's been amazingly helpful, though several annoying bugs occur on a daily/weekly basis. You can enter single or multi-leg trades and analyze the potential profit, loss and breakeven points within the trade ticket. Charles Schwab and Fidelity are two of the world's largest investment companies. As of Dec. 31, 2019, Schwab had 12.3 million active brokerage accounts and $4.04 trillion in client assets. Shortcuts are no replacement for hotkeys, especially if you're looking to scalp. Use our screeners to help find trading ideas based on what’s trending and your investing goals, … Hope that helps. 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). Get a jump start Upon initial login, use the setup feature to choose a layout, learn quick tips, and access educational videos. A new MBP doesn’t mean much if it only has 16 GB of RAM. 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. Before investing, consider the funds' investment objectives, risks, charges, and expenses. It doesn't offer the ease of customization and use as say Trading view or other tools. If you have to run ATP, I would recommend getting a Windows system with a fast CPU and lots of RAM. Fidelity is reliable, but their interface isn’t good. My observations on Fidelity’s Active Trader Pro® (10.7) The comments below related to the downloaded version of Active Trader Pro. Check out the TOS subreddit and you'll see a lot of mentioned outages and people are leaving for other brokers. 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. The most user friendly and best charts is probably TOS. Usage of Fidelity's online trading services constitutes agreement of the Electronic Services Customer Agreement and License Agreement. 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. Each uses different platforms from sterling trader pro, ibkr pro, TOS and ATP. But, every successive roll results in you winning 10% less of your previous amount. Press question mark to learn the rest of the keyboard shortcuts. I finally went to interactive brokers and opened a pro account which charges commissions on trades. Active Trader Pro … I'm guessing it sucks so much because Fidelity doesn't want to encourage more no-fee trading? Press question mark to learn the rest of the keyboard shortcuts. The best in my experience, for day trading is my sterling trader pro account. Not only are all my investments in one place with Fidelity, but they are one of the lowest cost brokers out there. The name is pretty accurate as the software does have a … I will have to try it out. I’ve successfully run it on a Mac with 32 gigs. I once had a order take a few minutes to fill. Order execution is very slow the first 15 minutes of the day. 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. 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. I also run ToS on the same system and display about 90 RealTime charts and it uses about 2% CPU. Active Trader Pro, Fidelity's downloadable trading interface, gives traders and more active investors a deeper feature set than is available through the website. 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. I agree with your observations, mine are similar. Orders By Fidelity Customers. ATP isn’t meant for day trading despite the name ‘Active Trader’. Fidelity doesn't do Payment For Order Flow. Fidelity requires 36 trades in a consecutive 12-month period to use Active Trader Pro. Requirements In order to gain access to Active Trader Pro, Fidelity clients must place 36 or more trades in a … 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. Download Active Trader Pro ® in just a few simple steps. Fidelity supports 128-bit browser encryption. I mostly use the standard trade unless I am scalping and need to closely watch level 2. I like the Fidelity platform otherwise, and would hate to switch to another broker. Active Trader Pro, Fidelity's downloadable trading interface, gives traders and more active investors a deeper feature set than is available through the website. 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. Give it as much RAM as you can. It's slow on Windows too but not as slow as MacOS. 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. They mentioned I look at Wealth Lab Pro, but it appears that is a strategy testing platform and not a day trader platform. It's not a good client experience coming from ToS. 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). Then select ‘Directed Trade & Extended Hours’ in the drop-down menu. Desktop Software Fidelity has a desktop platform named Active Trader Pro. 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"?). It's still a horrible mess full of bugs. 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. Or if you're trading a set-up, submitting a buy stop order and being ready with the sell shortcut if it gets filled. I'm not sure how much lag there would be if you're day trading though. It ain't super smooth on Windows either. 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. My experience as an active trader at Fidelity has been terribly frustrating, and has resulted in my moving most of my trading elsewhere. I'm on a Mac and just downloaded ATP and it is so slow loading data. 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. Contacted support and they basically did not want to see the errors or do anything about it. No serious trader trades with a phone anyway. 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. The issue started when they went free. Securities identified are not recommended or endorsed by Fidelity and are displayed for informational purposes only. 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. Further, often when I am logged onto my Fidelity account and click "Positions" it sends me back to the logon.
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