Introduction
If you are a frequent trader, you know how important it is to have a fast and efficient trading platform. Fidelity Active Trader Pro is an advanced trading platform that offers a variety of features to help you make informed trading decisions. One of the most useful features of this platform is hotkeys. In this article, we will discuss what hotkeys are and how you can use them to enhance your trading experience.
What are Hotkeys?
Hotkeys are keyboard shortcuts that allow you to execute trading actions quickly and easily. With hotkeys, you can perform common trading tasks with just a few keystrokes, instead of using the mouse or navigating through menus. This can save you a lot of time and effort, especially if you are a day trader who needs to make quick decisions.
How to Set Up Hotkeys
Setting up hotkeys on Fidelity Active Trader Pro is easy. First, you need to open the Hotkey Manager by clicking on the Tools menu and selecting Hotkeys. Next, you can choose from a variety of pre-defined hotkeys or create your own custom hotkeys. To create a custom hotkey, simply select the desired action from the list of available commands, and assign a keyboard shortcut to it.
Common Hotkeys
Here are some of the most commonly used hotkeys on Fidelity Active Trader Pro:
Buy
To buy a security, press Ctrl + B. This will bring up the Buy Order Entry window, where you can enter the details of your trade.
Sell
To sell a security, press Ctrl + S. This will bring up the Sell Order Entry window, where you can enter the details of your trade.
Cancel Order
To cancel an order, press Ctrl + X. This will cancel the selected order.
Modify Order
To modify an order, press Ctrl + M. This will bring up the Modify Order window, where you can change the details of your order.
Chart
To view a chart for a security, press Ctrl + C. This will bring up the Chart window, where you can view the price history of the security.
Level 2 Quotes
To view Level 2 quotes for a security, press Ctrl + Q. This will bring up the Level 2 Quotes window, where you can see the bid and ask prices for the security.
Tips for Using Hotkeys
Using hotkeys can be a great way to streamline your trading process, but it is important to use them correctly. Here are some tips to help you get the most out of hotkeys:
Practice
Before using hotkeys in a live trading environment, it is important to practice using them in a demo account. This will help you get comfortable with the keyboard shortcuts and ensure that you are using them correctly.
Be Careful
Hotkeys can be powerful tools, but they can also be dangerous if used incorrectly. Make sure to double-check your orders before submitting them, and be careful not to accidentally execute a trade.
Customize
Everyone’s trading style is different, so it is important to customize your hotkeys to fit your needs. Experiment with different shortcuts and find the ones that work best for you.
Conclusion
Hotkeys are a valuable tool for any trader looking to increase their efficiency and speed up their trading process. With Fidelity Active Trader Pro, setting up and using hotkeys is easy and intuitive. By practicing and customizing your hotkeys, you can take your trading to the next level and achieve greater success in the markets.
