Anybody heard of topsteptrader (review) | Trading Reviews and Vendors


futures.io - futures trading strategies, market news, trading charts and platforms


Trading Reviews and Vendors


Discuss and review vendors of commercial trading products, trading rooms and services, trading indicators or third-party paid add-ons




 

Anybody heard of topsteptrader (review)

  #779 (permalink)

Houston
 
 
Posts: 101 since Dec 2016
Thanks: 35 given, 48 received


emini2000 View Post
I think anyone looking at them objectively can see the combines are where they make the bulk of their money. Does that make them 'bad'? No. They still provide the opportunity. They were smart enough to come up with a model where they could actually make money giving traders a chance to get their own account. It just is what it is.

Hello,

Yes, I experienced TST for awhile and was in combine for about 4 months. It was very good experienced.

Think of TST like this using the 30K combine, $1500 trailing drawdown as an example:

1. Using your trading strategy can you make $1500 without hitting a $1500 drawdown? In other words, if starting with at $1500 trading capital can you earn another $1500 in profits?

2. Can you do step 1 3 times? 1 time for Combine, again for FTP, and again for Funded account? So actually, you would have to start with $1500 capital, and make another $1500 three times. Also, if you get to the funded account and hit drawdown while trying to make $1500 or break a rule, you start alll over again from Combine.

3. Can you do the above with 1-3 contracts? 1 will be better to avoid $1500 drawdown.

If your trading system back testing data show your system can get past all those steps, you should start the TST Combine. If not, don't take the risk until you can.

The gotcha with TST is the starting drawdown balance and making sure your system does not have a drawdown of $1500 if using the $30K.

Thanks,


Last edited by goodoboy; February 14th, 2017 at 10:32 PM.
Reply With Quote
The following 2 users say Thank You to goodoboy for this post: