WiseReport Auto-Trade. It’s like trading on auto pilot!
About WiseReport Auto-Trade
WiseReport Auto-Trade is an options newsletter which publishes trade entry alerts, adjustments and exits. The trade notifications are sent as pdf attachment via email. An experienced trader and subscriber to the WiseReport service is able to act on the information personally by contacting their broker. If you are less a experienced trader (or simply busy) you may want to read on…
One unique feature of WiseReport Auto-Trade is that you can instruct optionsXpress ® to act on the information provided by this service automatically (more below). To be eligible for this service traders must be subscribers to WiseReport Auto-Trade and have opened and funded an account with optionsXpress Australia.
About optionsXpress and Xecute ¹
Xecute ® is optionsXpress ® Australia’s automated trading service for subscribers of participating newsletters like WiseReport Auto-Trade. As a WiseReport Auto-Trade subscriber and optionsXpress customer, you can choose to participate in Xecute, which means you are authorising optionsXpress to accept the WiseReport Auto-Trade publications as trade instructions, as if they were your own directions. It is a way for you to direct your broker to execute the exact WiseReport trades, without further communication and authorisation from yourself, and without you having to do the thinking and having to watch the markets in real time.
Clients interested in the Xecute service should review the optionsXpress Australia website for additional information. We recommend that you thoroughly explore the FAQ topics under “Xecute (auto-trading)” and “Xecute Settings”, including the Xecute Special Notices.
¹ Disclaimer
optionsXpress and Xecute are registered service marks of optionsXpress Holdings, Inc. This website, Options21 and WiseReport are not affiliated with optionsXpress. optionsXpress does not sponsor or endorse the services and products of this website or WiseReport.
How do I subscribe to WiseReport Auto-Trade?
Subscriptions to WiseReport Auto-Trade can be done online or by printing and completing our pdf booking form and fax it to us. Once your subscription is confirmed and you have set the Auto-Trade parameters and trade amount in your optionsXpress account, you are ready to go.
How do I open up an account with optionsXpress Australia?
The easiest way to open up an optionsXpress trading account is by following this link and completing the New Account Application form online.
Once I have a WiseReport Auto-Trade subscription and have opened and funded an account with optionsXpress Australia what happens next?
Once you have set the Auto-Trade parameters on your trade account, optionsXpress will confirm that you are a WiseReport Auto-Trade subscriber and will then start to activate trades, following your instructions via parameter settings.
Trades published by WiseReport Auto-Trade are monitored daily, may be entered any day of the week and may have stop losses adjusted or profits locked in or taken at any time. Whenever trade instructions are published they are emailed to both WiseReport Auto-Trade subscribers and sent to the optionsXpress Xecute desk at the same time.
What if I want to cease using the Xecute Platform?
Go to the optionsXpress website, log into your account view your Auto-Trade parameters. Clicking “delete” next to the WiseReport Auto-Trade service will terminate auto-trading and remove the service from the list. Please note: If you have terminated the WiseReport Auto-Trade service and you have open positions, you must take care of these yourself! To close them call your optionsXpress account representative.
What if I want to stop subscribing to WiseReport auto- trade?
Follow the link and send us an email: autotrade@options21.com. Monthly charges will cease from the receipt of this email.
What do I get?
WiseReport Auto-Trade publishes an average of one trade per week. If there is a great deal of action within the markets up to 6 trades may be released. WiseReport Auto-Trade is published as trades present themselves to our team of analysts, and trades are published any day of the week. The average length of a winning trade in 2006 was 41 days. Therefore approximately 60 day or more may be chosen to expiration. Market analysis is restricted to US markets. Traders are alerted to a new trade released via email and can access the details of the trade recommendations via a user name and password on the WiseReport website.
Cost
The cost of WiseReport Auto-Trade is $270 per month. A once off setup fee of $190 to process your application is payable on receipt of your application. A minimum period on entry of 3 months subscription applies. Monthly fees are charged on the 1st of each month or the next working day.
Trial this service free
WiseReport trades are designed to be traded live as they are produced. As a free trial we are offering to send you our trades within 48 hours of their release. That’s not quite live, but current enough to see this service work in a real market environment. Please note that you can not auto-trade the WiseReport recommendations during your trial period. Click here for your trial.
Still questions?
Some of the most commonly asked questions regarding our WiseReport Auto-Trade service have been listed on our FAQ page. (Click here to visit it.)