Caution - you need more than just a float valve on the bucket. If you only close the product line the RO will continue to dump water through the waste line and waste a LOT of water. You need to either shut it off at the water source when not in use or install a pressure valve that senses back pressure that will shut the source water off.
Most of the modern systems come with a automatic shutoff switch that cuts off the flow through the RO membrane when pressure builds up on the product line. Doesn't hurt to have a spare switch laying around as they the diaphragm inside tends to crack, especially if you're running higher pressure... as with a booster pump.
Speaking of wasting water: most homes operate on 30-40 PSI water pressure. RO/DI units will normally give a 3:1 water to waste ratio at this pressure. 3 gallons of waste water for every gallon of product water. This is incredibly inefficient. A booster pump running the system at 80-100 PSI will reduce waste and yield a 1:1 waste to product ratio, because your RO membrane is operating much more efficiently. I had read it would, and since my home pressure was 37 PSI, I installed a booster pump. I tested it with the waste line in one jug, and the product line in another. Both jugs filled at the same rate. The savings on wasted water will pay for the booster pump. Just wanted to throw that in for those that don't know...