Who is the beta program open to?
Active …sceeto subscribers are given first priority to participate in the beta program.
We will be on-boarding new beta participants at a pace with which we can support each new user.
We are not sure what this rate of participation on-boarding will be, but we will work to accommodate all beta requests.
How long will the beta program run?
We anticipate starting the beta program on Wednesday, 19-DEC-2014, and concluding the beta program on 30-DEC-2014.
How do I sign up to be a beta participant of TradeOps?
Please fill out a help desk ticket here.
Who is making the trade decisions?
Bill Duryea is the head trader and will be generating the trade signals, stops, targets, and trade updates. Bill uses …sceeto to support his trading decisions.
How many trades per day are taken?
We average approximately 8 trades per day of S&P 500 e-mini futures contract (ES) of 1 contract\trade.
What are the trading hours?
We tend to trade from 8:00 a.m. EST through the 4:15 p.m. EST close but sometimes trade around the clock.
You should be prepared for round the clock participation of this service.
Are there days when there are no trades executed?
Yes. If the current market conditions do not warrant trading activity, we will sit on the sidelines.
How is the trade data moved around?
We relay the trade information from our …sceeto cloud server in Chicago.
The data is sent to a subscriber’s machine over the internet and is managed by the …sceeto 3.0 client, which is a Windows based application that resides on the subscriber’s trading PC.
The …sceeto client is responsible for injecting data into the subscriber’s NinjaTrader instance.
The subscriber’s NinjaTrader application is responsible for handling orders and communicating with the subscriber’s broker.
How much capital do I have to allocate?
Each subscription can trade up to 5 contracts simultaneously. Each contract should be funded with the overnight margin requirements published by the CME.
As of 05-DEC-2014, the initial margin rate is $5,060 per contract.
The total initial margin requirements for the TradeOps service is $25,300 ( 5 contracts x $5,060 initial margin ) per subscription.
When is the official launch of TradeOps?
TradeOps will initiate subscribed trading on 12-JAN-2015.
If you would like to subscribe to TradeOps, it is advised that you sign up for the service on 04-JAN-2015 so that you will be ready to trade on 12-JAN-2015.
We will surface a sign-up form for subscriptions prior to 12-JAN-2015.
Will there be other TradeOps offerings?
Yes, we envision a second offering within a month of the initial launch, and other …sceeto trader laureates will be invited to provide similar participation with their trading.
Can I trade futures, ETFs, options?
Our plans are to support SPY immediately after the dust settles on the initial ES offering, with INX options being supported after that.
What are the stops and targets?
The initial stop and target are 4 points for each trade and are then tightened via our proprietary trade management routines.
How do I execute these trades?
Our service allows for 3 distinct
- Completely automated
- Automated with manual confirmation
What brokers does TradeOps support?
Currently, TradeOps data is propagated via NinjaTrader. Hence, you can use any broker that NinjaTrader supports.
If you would like to speak with us about our experience with brokers please fill out a help desk ticket here.
After beta period, how much will the service cost?
The service will be priced at $500\month for each allotment of 5 contracts.
Can I override the trade orders that are generated by the system?