PremiereTrade AI Tutorial

Opening Screen

Selecting the button on the left hand side of AI will display the Forex sections of the software. These sections include JDFN®, AI Wizard®, Favorites List, Entry Signals and Trade Desk.

Fig 1. Chart Entry Screen

The software opens with four charts; each chart is either red or green with black and white lines. These charts help you make trading decisions based on proprietary formulas.

A green chart represents a buying opportunity and a red chart represents a selling opportunity. The four charts give you a snapshot of the trend of the currency pair you are viewing. A green chart represents the currency pair moving up in the market and a red chart indicates that a currency pair is moving down in the market.

For detailed information on using the chart entry signals, refer to section 5.

Timezone and Symbol Display Setup

Fig 2. Timezone and Symbol Review

Place your cursor over any of the displayed Timezones, Market Indexes or Symbol display areas and right click your mouse. The menu that appears will allow you to select the information you wish to be displayed in this area. (Fig. 3)

Fig 3. Selection Display

Changing Symbol, Trading Timeframe Intervals and Chart Style

Fig 4. Edit Trading Timeframes Tab

Click on the left tab and select the appropriate currency pair
Click on the center tab and select the appropriate trading timeframe for your style of trading
Press Go
Click on the right tab and select the appropriate chart style

AI Wizard™

Selecting the button will display the screen.

Fig 5.

Display

For detailed instructions on using the review section 4.

Favorite FX Pair List

Selecting the button will display a list of your favorite currency pairs.

Fig 6. Favorite Pairs List

For detailed instructions on using the Favorite FX Monitor feature refer to Favorite Stock List (section 3).

Trade Desk

Fig 7. Trade Desk Screen

The trade desk will allow you to enter trades in a demo account or, if you have a trading account with an associated broker, you can perform all activities associated with a trade.

Enter a trade from the Trade Desk by using the interface on the screen.

Select a currency pair from the displayed pairs or use the down arrow to the left of the currency pairs to display additional pairs.

Select the SELL or BUY buttons to display the order entry screen.

Order Entry (for Market orders)

Fig 8. Order Entry Screen

Entering an order

A) Account: Use the drop down arrow on the right side to select the account you wish to trade.

B) Currency: Use the drop down arrow on the right side to select the currency pair you wish to trade.

C) Side: Use the drop down arrow on the right side to select SELL or BUY.

D) Quantity: Use the drop down arrow on the right side to select the number of lots you wish to trade.

E) Rate: Will display the rate at which the selected pair is currently trading.

F) Stop: Selecting the box to the left of STOP will allow you to set a Stop Loss order.

G) Limit: Selecting the box to the left of LIMIT will allow you to set a Limit order.

Once the information is entered press SUBMIT to place the trade

or CANCEL to cancel the order.

Trade Conformation

If SUBMIT is selected, the Confirm Order screen will be displayed.

Fig 9. Trade Confirmation

If the ACCEPT button is selected the trade will be placed in the trade desk, awaiting execution.

If the CANCEL button is selected you will be returned to the Order Entry screen.

STOPS / LIMITS ENTRY

Selecting allows for the entry or modification of Stop loss orders and Limit orders.

Fig 10. Stop/Limit Screen

Currency : Select the trade for which you wish to enter the order.

Amount: Select the number of lots on which you wish to enter the order.

Stop: Selecting the box to the left of the word “stop” will place a checkmark in the box. Then enter the price at which you would like the Stop Loss to be executed.

Limit: Selecting the box will place a checkmark in the box to the left of LIMIT. Then enter the price at which you want the Limit order to be executed.

OK will accept and process the order CANCEL will cancel the order.

CLOSE Order Entry

Select the button to submit a market order to close all or a portion of a trade.

Fig 11. Close Entry Screen

Currency: Use the drop-down list to select the currency pair for which you wish to enter the close order.

Amount: Use the drop-down list to select the number of lots on which you wish to place the close order.

Rate : Will display the current rate at which the order will be executed.

OKwill accept and process the order. CANCEL will cancel the order.

Entry Order Screen

Selecting the button will allow the entry of a limit order to open a trade. Entry orders are typically used when a trader would like to get into a trade, but only if the currency pair hits a specified price.

Fig 12. Special Order Entry Screen

Account, Currency, Side, Quantity, Stop and Limit functions are the same as for a market order (Order Entry – Market Orders).

Rate: allows you to enter a specific price at which you wish to have the order filled.

Reports

Fig 13. Reports Screen

will provide an on-screen display of the details of all trades, both open and closed.

will provide an on screen display of only the open positions.

will create a detailed report based on user selected criteria.

Create Demo Account

Selecting will allow the creation of a demo account.

Demo accounts are used to practice and master new and different strategies without having to risk real money. A demo account allows you to trade various currency pairs in real-time, practicing the correct processes for successful trades. With a demo account you can enter a trade, monitor and adjust the trade, and exit the trade as if you were trading with real money, but without the financial risk.

PremiereTrade™ Software LLC highly recommends the use of Demo Accounts not only to learn the concepts of trading, but also to learn how to use PremiereTrade™ AI software before undertaking financial risk.

Login

Selecting will allow you to select the account you wish to use whether real or demo.

Maximize / Minimize

Selecting the button will allow you to maximize the display size of the data on the screen. Selecting it a second time will return the display to its original size

JDfn

Selecting the button will allow access to the James Dicks Financial Network. For detailed information on using JDfn®, refer to JDfn® section 9.