The following 10 steps are all you need, to use RuleTrader effectively. Click any of the links below for more information on that subject. If you need any help on the way, please don’t hesitate to contact our friendly support staff who will be only too willing to help:

1. In RuleTrader Test, set up your Trading Accounts, Trade Sizing strategy, and Trading Costs, ready for back-testing
2. Familiarise yourself with RuleTrader’s AutoTrend^TM price-channels. They’re very useful for tracking trends and choosing entry and exit prices for your positions
3. Create a Trading Specification, which is the set of rules that capture your investment strategies. We strongly recommend reading our Tutorial and our description of the Example Trading System, which was designed to demonstrate a variety of techniques you’ll find very useful.
4. Set the parameters for your back-test, or configure a series of batched-tests for unattended execution, then run the tests
5. Set up and review Trading Performance Reports to see how well your system worked and to get ideas for how it can be improved
6. Consider using Chart Overlays and Indicator Overlays, or Execution Reports to drill down into why your system is working the way it is and what you can do to improve it
7. Repeat steps (3) – (6) until the system is performing as well as you’d hoped and you’ve got the confidence to use  it for live trading
8. Import the trading specification you created in RuleTrader Test, into RuleTrader Live. It will then start running automatically, scouring the market for opportunities on your behalf
9. In RuleTrader Live, configure your live Trading Accounts, Trade Sizing strategy, and Trading Costs. In the Live system, RuleTrader’s accounts are linked to and synchronised with ShareScope’s own cash-accounts and portfolios. So you can seamlessly transfer any existing positions you have into RuleTrader, which will then manage them for you
10. Get into the daily habit of checking the RuleTrader Signal column (it takes just a few seconds) and acting on what you see, as speed is one of your biggest advantages as a private investor. If a trade is signalled that you’re happy with, execute it with your broker then enter the price into RuleTrader using its Trade Entry function. It will then monitor that position for you, according to the sell rules you defined.

Then kick back, relax and let your profits run!