No. of Recommendations: 7
No you can’t set up a basket trade ahead of time for trade at the open!
::sigh:: The FAQ goes into great detail on dumb things I don't have any interest in doing. Like "Once the market opens, you can execute the entire saved basket with a single click.”
It doesn't have an answer to this simple thing that us people trading monthly MI screens want to do. When the market is closed, I want the trades to take place automatically when the market next opens. Why is this so difficult to answer???
Of course, being able to edit your basket and then being able to decide in real-time when the submit the trades could be handy. At M1 you can't. M1 does the trades in 2 daily windows.
So I contacted FIDO customer service online chat and this is how it went.
Me: If I edit a basket portfolio on Sunday, can it execute the trades on Monday without me having to do anything more? When I am not able to login on Monday.
Amy: "If you enter a trade on Sunday for a market order, it will execute on Monday when the market opens. The same goes for trading in baskets here."
Me: As long I can edit the basket on Sunday and then not log in for several days and then log in and see the trades were executed on Monday. That's all I want.
Amy: Yes you can!
So I can set up a dummy basket overnight and see what happens in the morning. Will report back after I know.
