Auto-Placing versus Auto-Staging
Author: ktrade
Creation Date: 3/31/2020 2:14 AM
profile picture

ktrade

#1
I have a couple of questions:

1) I read on the WealthLab forum that Fidelity locks the use of auto-trading and requires committee review. And the review process is very restrictive to who gets to auto-trade.

Is the auto-trading being referred to the "Auto-Place" feature? But for Auto-Stage, there is no restriction?

In other words, can I do this without any special permissions-- just being granted access to WLP only:
QUOTE:
When Auto-Stage is enabled, new Alerts for the selected active Strategy are immediately Staged.


And this requires special permissioning from Fidelity:
QUOTE:
When Auto-Trading is enabled in the Orders tool, this button changes to Auto-Place to indicate that new Alerts (orders) are immediately placed with Fidelity.


2) After the trial period with WLP for Fidelity, what actually is disabled from the full version?

According to the manual, after the trial period are these features disabled?

QUOTE:
No streaming charts. Static intraday charts can be updated with approximately 20
minutes delay, and daily data updates only for the previous complete session.
No quotes in Quotes tool (requires streaming)
No real-time quotes in trade ticket
No Trading in live accounts
No Accounts and Balances for live accounts
Strategy monitor is available in the trial version for daily strategies associated with
Paper account. The full version with login is required to run strategies in intraday
scales.
Fundamental data updates are not available
No ability to update the GICS database


Or are you completely locked out and no longer can use WealthLab?
profile picture

Eugene

#2
Kev Huu, your interest to WLP is nothing short of marked for someone who has just registered on our website (and hasn't started a free evaluation). But in your country of residence WLP isn't available. Please create a support ticket to verify your WLP entitlement:

https://www.wealth-lab.com/Support/Create

profile picture

ktrade

#3
I am currently not in the US; but my accounts are in the US and I am a US citizen. Your website also does not allow for two letter last name. That's why I added an extra 'U'.

I am already logged into the Wealth Lab platform

But I'm just wondering why there is difficulty to just get questions answered on a forum.
profile picture

Eugene

#4
Thank you for the clarification.

1 - Yes, your understanding is correct re: Auto-Stage w/o any special permissions but just having WLP access.

2 - There is no free trial to Wealth-Lab Pro anymore. (This changed recently and not all the appropriate edits were made to WLP's User Guide.)
This website uses cookies to improve your experience. We'll assume you're ok with that, but you can opt-out if you wish (Read more).