Hi
Your system certainly seems to provide impressive returns and I would like to give it a try.
However, I do not have any experience in trading.
Is there any way that I could have your system carry out automatic trades on my account?
Sincerely
Abe

Hi Abe,

Your question is more general rather than system specific. To get any system you subscribe to carry out trades in an account you have to:

1. Obtain Wealth-Lab Pro entitlement from Fidelity (if you aren't a WLP user already)
2. Get used to its WealthSignals Trader tool (Help > User Guide)
3. Assign a paper trading or Fidelity live account to the system in the WST tool

This gets signals by the system you've subscribed to delivered to WLP. As for complete automation, this is a feature with certain requirements so you'd better call your Fidelity rep for the actual information:

Autotrading at Fidelity

Thanks!

Dear Eugene

Apparently Fidelity US do not open accounts to foreign investors (I am a British national currently residing in Israel).

Is their any way I can subscribe to Wealth-Lab and take advantage of WealthSignals without being connected to Fidelity?

Thanks

Technically you don't need Wealth-Lab for WealthSignals. You can subscribe to a WealthSignals system and receive the alerts by email and on the site. You'd have to enter the orders manually with your broker.

If you have Wealth-Lab, you can also download the signals via the WealthSignals Trader tool. From there you can stage and place the orders in the Order Manager using, for example, this third-party adapter for Interactive Brokers.

Hi Abe,

...and in order to have Wealth-Lab for automated trading you would need to purchase a Wealth-Lab Developer license. Since you're a non-U.S. resident, it's possible and a Fidelity connection isn't required:

What's the difference between Wealth-Lab Developer and Wealth-Lab Pro Version 6?

Thanks for all your help.

So let's say I start by getting the signals by email (without subscribing to Wealth-lab), could you explain to me in a little more detail how this would work with the "ETF Pairs Arbitrage" system as this is the system I'd like to use? I'm a bit of a beginner at trading, but I'm trying to get into it.

From what I can see on the ETF Pairs Arbitrage system, there is rarely more than one or two trades a month. So I guess from time to time I'd get a signal to buy or to sell, and I'd then go to a broker and ask them to perform that trade for me.

How soon after I receive the signal do I have to get my broker to carry out the trade? If it's done within the next 24 hrs would it still be worthwhile?
Could you recommend a broker?

Again, thanks for all your help

Abe

QUOTE:
So I guess from time to time I'd get a signal to buy or to sell, and I'd then go to a broker and ask them to perform that trade for me.

Abe, that's right. For an in-depth information re: WealthSignals please refer to: Legal Disclosures and Policies

QUOTE:
How soon after I receive the signal do I have to get my broker to carry out the trade?

Signals (or a message re: no signals) should be delivered either the night before or at worst shortly before the market open. As every system is run by its own author you'd better ask him or her directly in his system's forum. For "ETF Pairs Arbitrage" (only) this would be here: ETF Pairs Arbitrage » General Discussions