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BotTrading™ for
Manual Traders
  » Steps to Start
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» Futures Contract Info
  » 1st time using StrategyBot
  » StrategyBot Manual
(pdf document-2.75MB)
  » Technical Indicators
  » Information for manual Traders
  » Tips
  Glossary
   
» StrategyBot Terms
» Other Trading Terms
 
 


For training on Online Futures Trading,
Please watch the movie tutorials
.

 

 
 
     
   
   
 
  1. Buy or Lease the StrategyBot software. Prior to buy or lease, you need to sign 2 copies of an agreement called EULA. Please inquire thru support@strategyland.com.sg for a copy.
    All of our pricings are set in US$. Buying in any other currency is possible as per today's rate to the US$.

    •  If you Buy Full price, you may buy cash or via check in any currency at our offices, or you may Buy via credit card OnLine on this website clicking on eStore (Product Pricing).

    •  If you Lease (12 months) you may only do via credit card OnLine on this website clicking on "eStore (Product Pricing)". Payment via cash or via check is not possible upon leasing monthly.

    Upon paying via cash, a user gets his accounts set up immediately. However, payments via check or credit card may take up to 3 to 4 days for us to collect. During that period of time, the user cannot yet use StrategyBot.

    Upon collecting due payment in full, we inform the broker of your choice (see items 2 and 3). Then 2 trading accounts are created for you (one real and one paper). Upon getting from your broker your log in and password information for both accounts you may proceed with the set up of StrategyBot in your PC.

    *Minimum computer configuration necessary to run StrategyBot.
    - Pentium 3 or higher
    - Windows 98, NT, 2000 or XP
    - 128MB of RAM
    - 40MB of hard disk space
    - If you use Fully Automated Strategies a 56K Baud Modem is enough
    - If you place your own trades Broadband LAN is recommended
    *Apple MAC is not supported.

    Caution: If you request Historical Data for many Contracts with the maximum number of years, be aware that your computer will slow down and occupy a lot of memory space. Go to Faq 20.

  2. Select which Clearing House/Broker you wish to trade through. Your decision shall include:
    a. to which Country/Bank your investment shall be sent to (USA or Singapore)?
    b. what Trading Contracts are offered?
    Asian Trading Contracts are only offered by Phillip Futures Singapore.
    US and European Trading Contracts are offered by all Clearing Houses partnering with us.
    c. what are the transaction fees while trading manually and while trading using automation (different fees). Each broker sets its own fees.
    d. what are the margins offered per Trading Contract? Each broker sets its own amount.
    e. what is the minimum investment required to open a trading account? Each broker sets its own amount.
    f. the quality of the service you may get?
    g. how many servers are available for StrategyBot? If not enough, the process of your trades may be lengthy. One server can handle 100 to 150 active daily clients.
    h. what hours each day of the week can you use StrategyBot? (with some US Clearing Houses, a StrategyBot user can only connect mid afternoon Singapore time on Monday's)

  3. Register with a Broker of your choice
    a. Phillip Futures in Singapore. www.phillipfutures.com.sg
    b. through Rosenthal Collins(RCG) in the USA. www.efuturez.com
    c. through Refco in the USA. www.futuresbank.com
    More brokers will join in the future.

    With one copy of StrategyBot, you may select as many Brokers as you may wish as long you deposit the minimum required investment to each. The same copy of StrategyBot allows you to open one account at different brokers all running simultaneously. One copy of StrategyBot may run on several computers simultaneously too with the same log in and password but all users would trade from the same bank account!!!!!

  4. Transfer the amount of your investment to a bank account you will have to open at the Bank that your Broker will indicate to you (it may take up to one week for your account to be settled if you are a new client to the broker). Each Clearing House/Broker is linked electronically to a Bank in which to deposit;
    -
    your investment
    -
    your potential earnings
    -
    the margins traded upon closing your trades
    as well as in which to remove:
    -
    your potential losses
    -
    the Margin amounts upon opening your trades
    -
    any amount that you wish to take back at anytime


    Minimum Investment :
    US$2,000 with US Brokers

    For Phillip Futures Singapore clients;  
    - residing in Singapore or Permanent residents , the minimum amount of investment is
    S$3,000.
     
    - with local work permits or from overseas , the minimum amount of investment  is ;    
     
        - US$20,000 for Manual Traders and    
    - US$5,000 strictly for users of our Automated Strategies .
     

    50% of Margin Amounts for Automated Strategies:
    All Brokers lower the Margin amount of the Contracts involved in our Intraday (only) Automated Strategies by 50% as long the user never uses Manual Trading. Otherwise the margins will be set to 100%.

  5. Select which Contract(s) to trade depending on your amount of investment. Please consult "What Futures Contract to trade?" and "How much can a Trader afford?". You may also read our related Pulses article. Inform your broker about which Contracts you wish to trade. Upon the amount of your investment, your broker will set a maximum number of lots per Contract that you may trade. Inform your broker if you wish to trade manually and/or use automated strategies. You will get 2 accounts -one real and one paper. The Paper account is valid for 30 days free of charge, set with a limited amount of paper money, allowing you to use all the features of the program without risking any money and allow watching some of our fully automated Strategies operate daily. Inform your broker of which Group of Strategies you would wish to watch and run in your paper account. Be aware that since a limited amount of investment is set freely for you on the paper account, you can only run a limited number of strategies simultaneously. If too many strategies are running, errors will be generated lacking margins. The Real account will trade with real money. Monthly extensions of the Paper account are available for a fee.

  6. First Action upon StrategyBot's 1st Start: Upon first getting StrategyBot on your screen, your very first action is to add "Contracts" for both accunts Real and Paper. Go to 1st time using StrategyBot.

  7. Set up your Account Limits and Profit Management : Go to "Account" > "Account Limits" > Set up "Max. Daily Profit", "Max. Daily Loss" & "Profit Management". Go to account limits Set-up for help. There is no need to keep such limits on a paper account since you may wish to check how much profit or loss each Strategy may generate every day and do not wish any set limits to close all Strategies and close all orders.

  8. Before You Trade : We recommend you to read all the information provided on our websites. You may before starting to trade;
    - Go to 1st time using StrategyBot
    - Go to Best Features of StrategyBot
    - Go to Learn Thru Movies
    - Go to StrategyBot User Manual
    - Go to How to Select Strategies
    - Go to Information to Traders
    - Go to Tips
    - Go to FAQ
    - Go to "Technical Indicators"
    You may check all these websites below since each one covers different subjects about Trading OnLine;
    www.strategyland.com.sg
    www.strategybot.com
    www.strategyland.com
    www.trade2cash.com
    more websites will be available soon.
    Send an E-mail to support@strategyland.com.sg if you have any problems setting up your account or how to use StrategyBot or have recommendations on how to improve our websites.

    Good Luck with your trades.

The servers are closed during weekends or holidays. During these periods you cannot use StrategyBot. In addition, the servers are closed everyday as per the schedule below.

Phillip Futures Singapore Daily Server Time (GMT +08:00)
:
During Day Saving Time (Apr-Oct) the Server closes at 5:00am and opens at 6:15am Singapore Time (GMT +08:00).
During Winter period (Nov-Mar) the Server closes at 6:00am and opens at 7:15am Singapore Time (GMT +08:00).

REFCO USA and RCG USA Daily Server Time (GMT -06:00):
Servers with RCG and REFCO closes at 4:00 pm and opens at 6:00pm Chicago (Central USA) Time (GMT -06:00). CME Indices closes at 3:15pm local time and opens 3:30pm for the new session (GMT -06:00).

Note: Be aware that you could rent monthly one or some of the Strategies that we have developed or you could write your own automated strategies to run on Strategybot. You would write your own Strategies using our API (Strategies are written in Visual Basic C++). Then upon completion, you either use them for your own trades and /or also lease them monthly to our customers through us securing to yourself additional income. For more information, please contact support@strategyland.com.sg


 
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