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TST Combine results and strategies for passing

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Market Wizard
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Futures Experience: Intermediate
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TST Combine is more for... scalpers


MsFutures View Post
"The Max Drawdown is the largest realized cumulative loss allowed in your Trading Combine... Should you hit or exceeded this value, the Combine account will not be eligible for a deposit refund or considered for funded-trader status. For example, in a $30K Combine the Max Drawdown is $1,500. Therefore, if at the end of any trading day your Account Balance appearing on your Trade Report is $28,500 OR below, the Max Drawdown is considered hit."

That is the definition from their website. The key words here are "realized" and "end of day", unless they don' t really mean what you think they mean.

The more I am looking at these restricting combine rules the more I see that a trading approach there is most
appropriate for scalpers with options or only small margined futures. The max. DD is limited to 5% from initial balance.
If you are used to have more than say 2 consecutive trades hitting your WIDE SL then that combine is nothing to look for.
Example: Trading the DAX (which is happily not possible to trade on with TST) would mean that only scalpers could
make some good - of course with lots more of commission ;-)
Trading that with SL settings of GFIs1 would mean that you are OUT after two negative trades in a row! For certain
systems one is looking for developing a trade and not to limit that one with a tight SL. If there is already a negative
trade in the history - the next one should use a "tighter" stop - and that one would be hit nearly 100% and is evt. against
the rules. (GFIs1 SL settings are 30 points which means 750 EUR or minus 2,5% for ONE car in a combine).
Over all - the "wider" trading systems where price is making more up and down before closing a trade - are NOT
good for a combine! Only the short time / small movement (on both sides) trades with high expectancy to be positive
have a chance to get rewarded.

So a responsible trader should think twice to put money, sweat and risk into a 5% max. risk combine where only luck
within a positive period could prevent from frustration.

GFIs1


Last edited by GFIs1; March 30th, 2013 at 09:45 AM. Reason: wording
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