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TST Combine results and strategies for passing

  #67 (permalink)

Trading Apprentice
Manchester, NH
 
Futures Experience: Advanced
Platform: Tradestation
Favorite Futures: Oil
 
Posts: 21 since Mar 2013
Thanks: 84 given, 23 received


Pedro40 View Post
In other threads the question of DLL and Max DD came up. Namely, can you dip below the DLL as long as you close out the trade above it?

I actually asked this by email, here is the correspodence:

" just to clarify, the rules say I can't go below the DLL with my REALIZED P/L. But can I actually go below it with an open position as long as I don't close the position with a loss bigger than the DLL? So if the market turns back, I can get out of the position and still not hit the realized DLL?"

Answer by Connor from TST:

"You can't at any time throughout the day touch your Daily Loss Limit. It is determined by your Net P&L, once you hit it you can not trade out of it."

So in plain English, you can not dip below either DLL or Max. DD. And that actually makes sense, since there is no guarantee you are only dipping below for a short period of time, and it will come back...

Petro,I appreciate your post. I understood the DDL was for unrealized or realized net p/l. The issue at hand was Max Drawdown. The website says it is EOD number and I was seeking consensus among Combine participants that it is EOD. Let's assume that it was not and it was for real time. If you lose 2000 accumulatively in the fist 2 days (for 150k acct), you only have 2500 to work with in day 3, not the 3000 daily loss limit. If this is the case, TST SHOULD absolutely remove wording like "end of day" from their definitions. It is misleading and they can't have it both ways.

If all the numbers refer to real time, they should not use words like "realized" and "end of day" in their definitions; simply saying "real time"would clear everything. Why didn't they do so?

MsFutures

Ps, I was trying to bring up this topic over at the main TST forum but since I did not have 10 posts yet I was not allowed to post there. Interesting restriction on futures.io (formerly BMT).

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