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My attempt at a funded account with OneUpTrader


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My attempt at a funded account with OneUpTrader

  #61 (permalink)
 
Meliora's Avatar
 Meliora 
North Charleston
 
Experience: Advanced
Trading: ES, CL, NQ, YM
Posts: 8 since May 2019
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RDK91 View Post
What account size are you trading? I trade the $50K.

I trade the 250k account. So I could go up to 25, but is too risky.

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  #62 (permalink)
builditup
Clearwater, FL
 
Posts: 5 since Sep 2019
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RDK91 View Post
As i understood your orders are not really going to the exchange but instead your orders get copied to the funding partners live account. They also can decide to not route your orders to their live account whenever they want, however you will be able to withdraw any profits made, even if the orders were not routed to the live account since they do that at their own discretion.

How's your account going? Are you still happy with OneUp?

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  #63 (permalink)
builditup
Clearwater, FL
 
Posts: 5 since Sep 2019
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Meliora View Post
I trade the 250k account. So I could go up to 25, but is too risky.

Are you happy with Oneup Still? Just curious. Thinking of trying them out.

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  #64 (permalink)
 RDK91 
Antwerp
 
Posts: 455 since Jun 2016


builditup View Post
How's your account going? Are you still happy with OneUp?

I am still in the account however i have not been doing so great lately, i am getting close to the maximum drawdown.

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  #65 (permalink)
builditup
Clearwater, FL
 
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RDK91 View Post
I am still in the account however i have not been doing so great lately, i am getting close to the maximum drawdown.

Check your DM

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  #66 (permalink)
 
Meliora's Avatar
 Meliora 
North Charleston
 
Experience: Advanced
Trading: ES, CL, NQ, YM
Posts: 8 since May 2019
Thanks Given: 5
Thanks Received: 13

So far I am happy, no issues here.

I made a test withdrawal of $1,500 without any issue. Withdrawal got approved and I received the money the next day.

However this was just a test and I will continue building up the account until $25k profits, to have a buffer. Only then I will trade bigger contract sizes that 5 and take some more riskier trades. For now it’s building up slow and steady.


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  #67 (permalink)
 bfreis 
Redwood City, CA
 
Experience: Advanced
Platform: SierraChart and TWS
Broker: Interactive Brokers
Trading: ES, CL, GC, 6E, ZN/ZB, FGBL, and options
Posts: 12 since Aug 2017
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@Meliora

Quick question - if you don't withdraw, then the trailing drawdown doesn't actually trail the account value? I mean, if you are say +25k in the green, you could have a loss of, say, -20k and you'd still be fine with privileges on the account? That's what I understood from your message, but didn't know it worked that way, so I just wanted to confirm I got it right.

Thanks!

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  #68 (permalink)
 
Meliora's Avatar
 Meliora 
North Charleston
 
Experience: Advanced
Trading: ES, CL, NQ, YM
Posts: 8 since May 2019
Thanks Given: 5
Thanks Received: 13


bfreis View Post
@Meliora

Quick question - if you don't withdraw, then the trailing drawdown doesn't actually trail the account value? I mean, if you are say +25k in the green, you could have a loss of, say, -20k and you'd still be fine with privileges on the account? That's what I understood from your message, but didn't know it worked that way, so I just wanted to confirm I got it right.

Thanks!



Correct. Trailing drawdown stops trailing at initial balance (250k in my case).

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  #69 (permalink)
 contrax 
Guadalajara + Jalisco/Mexico
 
Experience: Beginner
Platform: NinjaTrader
Trading: ES MINI
Posts: 50 since Dec 2016
Thanks Given: 9
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Meliora View Post
So far I am happy, no issues here.

I made a test withdrawal of $1,500 without any issue. Withdrawal got approved and I received the money the next day.

However this was just a test and I will continue building up the account until $25k profits, to have a buffer. Only then I will trade bigger contract sizes that 5 and take some more riskier trades. For now it’s building up slow and steady.


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Hello, i have a questions if u can answer please.

1) U can have open trade in News?
2) The Drawdown is calculate at closed trades? or is calculate at the highest equity floating?

Thank you!

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  #70 (permalink)
 
Meliora's Avatar
 Meliora 
North Charleston
 
Experience: Advanced
Trading: ES, CL, NQ, YM
Posts: 8 since May 2019
Thanks Given: 5
Thanks Received: 13



contrax View Post
Hello, i have a questions if u can answer please.



1) U can have open trade in News?

2) The Drawdown is calculate at closed trades? or is calculate at the highest equity floating?



Thank you!



Hello,

This applies only to funded, during the combine you can trade news:
1) You can trade at some news and some news not.
For example: FOMC Meeting Minutes you can’t trade Equity Indexes like ES from 1 Minute before to 1 minute after. But you can trade other instruments during that times.

2) the drawdown is calculated live, including open positions. I strongly recommend: trade the account up slowly, build up a buffer that you don’t withdraw -> issue with drawdown basically eliminated, if you don’t mess up badly. But you should have your own rules in place to prevent that.

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Last Updated on October 15, 2019


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