- Why the name BotTrading™?
- When may I watch StrategyBot running?
- Can you recommend me which Contract and Strategy to select?
- How to activate a new Contract and Strategy?
- Upon adding a Strategy, when it will run? Today or tomorrow?
- How may I select which strategy(ies) to include in my portfolio?
- How may I run a Strategy which I've stopped?
- May I remove a Strategy from my portfolio?
- May I modify Strategy(ies)?
- How do I buy a Contract?
- How may I know what determines a Conservative, versus a Medium risk, versus an Aggressive Strategy?
- Looking at the statistic report of a strategy, which criteria's are the most important?
- Why are there no Fully Automated strategies for SiMSCI available for rent? New!
- If I stop a strategy, will all my positions be closed for that strategy? New!
- If a strategy is stopped after it reaches the number of losses limit, can I restart the strategy, or will it only run the next day? New!
- If a strategy is prevented from running due to insufficient funds, will it run if funds(margins) are freed up when other trades/positions are closed? New!
- When I run a strategy, do I need to confirm each trade as it arises? New!
- If I lease one Group Name, can I change the Group Name the next month? Will there be charges for changing Group Names, but retaining the same number of Group Names? New!
- If I wish to increase the number of lots of an Automated Strategy, would be charged more for the rent monthly? New!
- The data shown on "Historical Chart" is truncated on my screen? New!
1. Why the name BotTrading™?
Bot, Short for robot. A program that performs a repetitive or time-consuming task.
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2. When may I watch StrategyBot running?
Certainly not during weekends and local holidays for each particular Contract and you may watch only during the working hours of each Stock Exchange. So depending on which Contract and its fully automated Strategies that you wish to watch, please consult the time at the local exchanges either in Europe (Germany and London) or in New York and Chicago. Be aware that “out of these open hours, the computer servers of the Clearing House that you are using may not be Online”. In that case you will get an error message “Cannot Connect”.
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3. Can you recommend me which Contract and Strategy to select?
No, we are not an investment advisor, Broker or financial company and we are not supposed to recommend to anyone but we are checking daily the performance of each strategy and we publish their statistic report daily, weekly and monthly. From these reports you are supposed to make you own choice.
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4. How to activate a new Contract and Strategy?
Please provide the name of the contract and strategy to your broker for activation upon paying the money online.
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5. Upon adding a Strategy, when it will run? Today or tomorrow?
It will run immediately upon clicking on ”Run Strategy” in the menu. This is provided that the strategy’s run time is not over for the day. Check “start time” and “end time” in the details of that particular Strategy. If the time is over an error message will be generated.
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6. How may I select which strategy(ies) to include in my portfolio?
Simply by double-clicking the name of the strategy in the StrategyBot menu, you can view the strategy’s description, as well as statistics and data about its performance. This can help you decide which fully automated strategies to use. The strategy details can also be viewed by clicking on Strategy Details in pop up menu.
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7. How may I run a Strategy which I’ve stopped?
If you stopped it while it was in Standby mode you can resume it before its Start Time.
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8. May I remove a Strategy from my portfolio?
If it’s in Running or Standby mode, first you need to stop it. Go to “Strategy Menu”, click on “Stop Strategy”. After it’s in Stopped mode, you can delete it by clicking on “Delete Strategy” in your toolbar. Remember to save changes when you exit the program. Or go to “Portfolio” in the menu and click on “Save”.
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9. May I modify Strategy(ies)?
Yes. In StrategyBot Enterprise addition you may modify the parameters of a strategy. Please send email at support@strategyland.com.sg for further details.
However in StrategyBot Professional version you cannot modify fully automated strategies.
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10. How do I buy a Contract ?
There is no need to buy a Contract. Contract(s) only have to be selected by you. Only Strategy(ies) need to be bought or rented. As an example, you could activate one single strategy in 5 different contracts or activate 5 fully automated strategies in one single contract. The number 5 being an example.
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11. How may I know what determines a Conservative, versus a Medium risk, versus an Aggressive Strategy?
Standard Deviation, Sharpe ratio and Probability determine the Risk factors that are mentioned in the Statistics report of each strategy. Another indication is the number of times a Strategy is allowed to lose daily and the number of times it is allowed to win. Low numbers would define conservative, high numbers would determine aggressive.
i) Standard Deviation:
Standard Deviation is probably used more than any other measure to describe the risk of a strategy (or of a portfolio). It provides a precise measure of the amount of variation in any group of numbers (like the returns of a Hedge Fund) that make up an average. The most common formula of Standard Deviation is as follows;
In the real world, the larger the swings in a Futures return, the more likely it is to dip into negative territory. Though standard deviation measures volatility on both the upside and the downside, it's a good proxy for measuring the risk of loss with any strategy. Hedge Fund examples bear this out. The range of standard deviations for ultra-short term is a mere 0.14 to 1.32, with an average 0.67. The standard deviations for precious metals funds range from 17.58 to 37.23, with an average of 25.74.
Standard Deviation is generally calculated for monthly returns over a specific time period (commonly 36 months).
ii) Sharpe Ratio:
Sharpe ratio measures the returns over the risk-free rate divided by the volatility/Standard Deviation of those returns. A strategy that has a good success ratio, but its losses tend to be disproportionate with its gains; will not have a high Sharpe Ratio over long periods of time. Having a Strategy with a success ratio of 40%, even with a positive spread between gains and losses of say 0.50%, will generate consistent, but also very tepid returns. So if the volatility “perks up” and/or the strategy goes through one of its “poor periods” it may have a small and even negative Sharpe ratio.
iii). Probability:
The Probability of an event is the measure of the chance that the event will occur as a result of an experiment. The Probability of an event A is the number of ways event A can occur divided by the total number of possible outcomes. The Probability of an event A, symbolised by P(A), can be a number between 0 and 1, inclusive, that measures the likelihood of an event in the following way:
If P(A) > P(B) then event A is more likely to occur than event B.
If P(A) = P(B) then events A and B are equally likely to occur.
For more details please email to sales@strategyland.com.sg.
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12. Looking at the statistic report of a strategy, which criteria’s are the most important?
The fields in “Return Statistics” shall better suite a trader’s decision (keeping in mind that bigger the return = biggest the risk). In the “Risk Analysis” table “Worst Drawdown” as well as “Max Daily Drawdown” both in $K and in % shall be considered. This helps to understand the “Stop Limits” of the parameters of a Strategy. Once the largest expected or unexpected loss is known then the 3rd step is to consider the “Profitable Percentage” in the “Return Statistics” table. In all 3 cases (Conservative, Medium or Aggressive Strategy) it has to be above 50%. The higher the “Profit Percentage” the better the Strategy performs. Be aware that the performance of a strategy follows the market somehow. A strategy may perform great some months and less other months. Statistically, we have rarely seen any strategy winning more than 7 consecutive days, nor losing more than 7 consecutive days. Some fully automated strategies follow the same winning or losing pattern week after week. We do not have a firm explanation to these events.
A trader may get additional information from StrategyLand support team about the statistics. Alternatively, one can join our Online Course.
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New! 13. "Why are there no Fully Automated strategies for SiMSCI available for rent?"
Anyone can rent monthly our Strategy Templates available with "Run your Strategy based on One Technical Indicator that you trust the most" and run strategies by setting its own defined parameters on SiMSCI based on either MACD, or RSI or Stochastic or any other indicator provided.
In regards to those preset strategies that we rent, as of April 2005, we did not have any experience in any Asian Contracts. Upon requests we analyzed which Asian contracts do report the most volatility and from May 2005 we prepared automated strategies only for these volatile contracts. Writing strategies which may only trade very few days per month or even never trade because the daily volatility is not there would not be fair for those clients paying for the rent. Besides we would not wish to represent a too huge percentage of the daily trades for any Contract. Considering the present number of daily trades reported on SiMSCI, and if our strategy would trade up to 5 times a day for one lot, with as little as 200 lots running or up to 1,000 trades per day, we would represent a far too huge percentage of the daily trades. Since SiMSCI is not sufficiently traded yet, then we do not yet rent preset automated strategies for this contract. This situation may change with time. The minimum liquidity needed to develop Strategies for a new Contract is about 200 contracts per minute or approx 3 contracts per second.
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New! 14. "If I stop a strategy, will all my positions be closed for that strategy?"
Yes at whichever present market value if the strategy was in running mode. A Strategy can be stopped, liquidated or deleted as offered under "Strategy" in the menu. If stopped and not in running mode, then no positions are affected. If liquidated or stopped while in running mode then yes all positions are closed at the present market value.
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New! 15. "If a strategy is stopped after it reaches the number of losses limit, can I restart the strategy, or will it only run the next day?"
No, in that case you cannot restart it the same day. It will restart the next days if you did not delete the strategy.
Unless you bought the rights to changes the parameters and then you can overrule our preset parameters.
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New! 16. "If a strategy is prevented from running due to insufficient funds, will it run if funds (margins) are freed up when other trades/positions are closed?".
Yes, if you click again on "run" after a strategy reported an error and was subsequently stopped due to insufficient margins, once the funds are made available and the strategy can be in running mode meaning its time of execution is not exhausted and its number of trades allowed for the day are not yet exhausted. But be aware that the strategy may not perform up to its best since it has lost track of the market movements since it generated an error. So somehow it might be better to wait for the next day.
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New! 17. "When I run a strategy, do I need to confirm each trade as it arises?"
Upon a client clicking on "run" for a strategy, of course everything becomes automatic, no need to confirm trades. Confirmation is an option only offered to manual traders.
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New! 18. "If I lease one Group Name, can I change the Group Name the next month? Will there be charges for changing Group Names, but retaining the same number of Group Names?"
Yes a user may change the Group Name anytime at no additional cost . We request at least 2 days for the activation of the change.
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New! 19. " If I wish to increase the number of lots of an Automated Strategy, would I be charged more for the rent monthly?"
Not at all, a user would not be charged more if he wishes to increase the number of lots from one to whatever number selected. Some of our users upon gaining confidence and having experienced decent profit over a long period of time do increase that quantity to better maximize their wins. We would advise before setting a higher number of lots to adapt to the behavior of the Contract that month. Every month each Strategy do perform differently than others. Of course if over one year a Strategy is reported to have offered US$20,000 NET profit, if 5 lots would have been set every day, then the profit would have become US$100,000. Setting higher numbers of lots of course increases the margin amount accordingly as deducted from your trading account, but since the brokers cut down the margin to be deducted by 50% for users of Fully Automated Strategies, that gives more trading power to a user. Setting the number of lots can only be done when the Strategy is in "Stopped" mode, so a user first has to "Stop" the strategy before increasing its number of lots, then click on "Run". This shall be better set before a Strategy does start daily. So consult its "Time of Execution" to determine when shall the Strategy get a different number of lots. Click on "Save Portfolio" if you wish the change of number of lots to happen the next days.
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New! 20. The data shown on "Historical Chart" is truncated on my screen?
There are 2 reasons for this happening. The few Servers connecting your trading account to the Worldwide Exchanges are closed daily for one or 2 hours combined. These servers close when the major exchanges do close, but some exchanges such as CME Forex remain open 24 hours except week ends. Unfortunately, due to these exchanges closing, we cannot collect the tick by tick data and feed your Historical Charts. The second reason can be fixed on your own computer by clearing your cache memory.
Click on "Settings" -> "Historical Chart Settings" -> "Window"
Under "Historical Data Cache", click on "Clear Cache" -> "OK".
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So what are you waiting for?
Give us a call at +65 6327 3880/1 or
Email us at sales@strategyland.com.sg
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