Trading multiple accounts at the same time? - Traders Hideout | futures io social day trading
futures io futures trading


Trading multiple accounts at the same time?
Updated: Views / Replies:13,937 / 22
Created: by JS12 Attachments:1

Welcome to futures io.

(If you already have an account, login at the top of the page)

futures io is the largest futures trading community on the planet, with over 100,000 members. At futures io, our goal has always been and always will be to create a friendly, positive, forward-thinking community where members can openly share and discuss everything the world of trading has to offer. The community is one of the friendliest you will find on any subject, with members going out of their way to help others. Some of the primary differences between futures io and other trading sites revolve around the standards of our community. Those standards include a code of conduct for our members, as well as extremely high standards that govern which partners we do business with, and which products or services we recommend to our members.

At futures io, our focus is on quality education. No hype, gimmicks, or secret sauce. The truth is: trading is hard. To succeed, you need to surround yourself with the right support system, educational content, and trading mentors Ė all of which you can find on futures io, utilizing our social trading environment.

With futures io, you can find honest trading reviews on brokers, trading rooms, indicator packages, trading strategies, and much more. Our trading review process is highly moderated to ensure that only genuine users are allowed, so you donít need to worry about fake reviews.

We are fundamentally different than most other trading sites:
  • We are here to help. Just let us know what you need.
  • We work extremely hard to keep things positive in our community.
  • We do not tolerate rude behavior, trolling, or vendors advertising in posts.
  • We firmly believe in and encourage sharing. The holy grail is within you, we can help you find it.
  • We expect our members to participate and become a part of the community. Help yourself by helping others.

You'll need to register in order to view the content of the threads and start contributing to our community.  It's free and simple.

-- Big Mike, Site Administrator

Reply
 1  
 
Thread Tools Search this Thread
 

Trading multiple accounts at the same time?

  #11 (permalink)
Site Administrator
Manta, Ecuador
 
Trading Experience: Advanced
Platform: My own custom solution
Favorite Futures: E-mini ES S&P 500
 
Big Mike's Avatar
 
Posts: 47,021 since Jun 2009
Thanks: 29,997 given, 87,543 received


JS12 View Post
Big Mike said that he has mutiple accounts

I use Sierra Chart. I have multiple copies of Sierra Chart open. One for charting, and several others for execution DOMs linked to brokerages. At first, I thought it was stupid this way, having to launch and maintain multiple copies of a program. But it is really straight forward and simple enough, and works perfectly. Charts are provided by DTN, and then other copies of Sierra are tied to different brokers depending on what I am doing (equities, swing, futures, spot forex, etc).

Mike

Due to time constraints, please do not PM me if your question can be resolved or answered on the forum.

Need help?
1) Stop changing things. No new indicators, charts, or methods. Be consistent with what is in front of you first.
2) Start a journal and post to it daily with the trades you made to show your strengths and weaknesses.
3) Set goals for yourself to reach daily. Make them about how you trade, not how much money you make.
4) Accept responsibility for your actions. Stop looking elsewhere to explain away poor performance.
5) Where to start as a trader? Watch this webinar and read this thread for hundreds of questions and answers.
6)
Help using the forum? Watch this video to learn general tips on using the site.

If you want
to support our community, become an Elite Member.

Reply With Quote
The following 4 users say Thank You to Big Mike for this post:
 
  #12 (permalink)
Elite Member
Houston,Tx
 
Trading Experience: Advanced
Platform: NinjaTrader
Broker/Data: Mirus Futures/Zen-Fire
Favorite Futures: TF
 
ThatManFromTexas's Avatar
 
Posts: 2,302 since Feb 2010
Thanks: 1,208 given, 4,328 received


Koepisch View Post
Thanks @ThatManFromTexas.

Can i group accounts with various data feed provider. For instance optimus/rithmic and mirus/zenfire?

@Koepisch

You would need a multibroker license to group accounts from different brokers.

I'm just a simple man trading a simple plan.

My daddy always said, "Every day above ground is a good day!"
Reply With Quote
The following 2 users say Thank You to ThatManFromTexas for this post:
 
  #13 (permalink)
Elite Member
Salt Lake City, UT
 
Trading Experience: Intermediate
Platform: NinjaTrader
Broker/Data: NinjaTrader Brokerage
Favorite Futures: ES, 6E
 
Aragorn's Avatar
 
Posts: 233 since Aug 2010
Thanks: 178 given, 268 received


@NinjaTrader, @TopstepTrader,

I am getting mixed messages on this. So, please forgive me if I ask this one more time.

I want to open two simultaneous accounts with TopStep Trader. I want to open two accounts because I want to use one account to only take Long trades and the other account to take Short trades. This will allow me to take a Long trade and a Short trade at the same time without closing my positions.

If I had only one account and I was Long then opening a Short position would close the Long position and I would be flat. But by trading with two accounts I can have open Long positions from one account and open Short positions from the other account at the same time without closing each other out because they are in different accounts.

I currently only have a NinjaTrader Single Broker License. But, in order to have two accounts with TopStep, I need a NinjaTrader Multi Broker license, correct?

Further, I do NOT currently have a Funded account with TopStep. I still have to go through the TopStep Combine or evaluation process. Can I still get the TopStep discount for "upgrading" to a NinjaTrader Multi Broker license? The amount to "upgrade" to a Multi Broker license would be $250. I can pay this amount even without a TopStep Funded account and still get a Multi Broker license, correct?

Sorry about this but I am getting different responses from both TopStep and NinjaTrader about what I can and cannot do in regards to what I am trying to do in opening two separate trading accounts with TopStep. Breaking it down as simply as I can seemed the only way to get clarification.

Reply With Quote
The following user says Thank You to Aragorn for this post:
 
  #14 (permalink)
Elite Member
Dallas, TX USA
 
Trading Experience: Advanced
Platform: NinjaTrader
Broker/Data: AMP Futures
Favorite Futures: ES GC CL
 
TraderTS's Avatar
 
Posts: 303 since Jul 2014
Thanks: 153 given, 171 received


Aragorn View Post
@NinjaTrader, @TopstepTrader,
I currently only have a NinjaTrader Single Broker License. But, in order to have two accounts with TopStep, I need a NinjaTrader Multi Broker license, correct?

I am a Swing Trader who trades Intraday as well... Therefore, I have three sub-account with AmpFutures using NinjaTrader8 Single Broker license--setup as same UserID/PW with drop-down list for each sub-account to Swing Long or Swing Short, and Intraday Long/Short. I can only open ONE NT8 platform at a time but trade all these accounts at the same time.

For years, AmpFutures no longer offering NT8 platform; not sure if NinjaTrader Brokerage requires Multi-broker license but it's NOT just filling out the simple request form... you really have to write an explanation as to WHY you want to setup and HOW you trade this way... for approval process.

Good luck!


Find missing piece of the puzzle... Let's be amazing, be awesome in trading today!
iTS
Reply With Quote
The following 2 users say Thank You to TraderTS for this post:
 
  #15 (permalink)
 Vendor: www.ninjatrader.com 
Denver, CO
 
Trading Experience: Advanced
Platform: NinjaTrader
Broker/Data: NinjaTrader Brokerage
Favorite Futures: ES
 
NinjaTrader's Avatar
 
Posts: 1,428 since May 2010
Thanks: 167 given, 2,128 received


Aragorn View Post
@NinjaTrader, @TopstepTrader,

I am getting mixed messages on this. So, please forgive me if I ask this one more time.

I want to open two simultaneous accounts with TopStep Trader. I want to open two accounts because I want to use one account to only take Long trades and the other account to take Short trades. This will allow me to take a Long trade and a Short trade at the same time without closing my positions.

If I had only one account and I was Long then opening a Short position would close the Long position and I would be flat. But by trading with two accounts I can have open Long positions from one account and open Short positions from the other account at the same time without closing each other out because they are in different accounts.

I currently only have a NinjaTrader Single Broker License. But, in order to have two accounts with TopStep, I need a NinjaTrader Multi Broker license, correct?

Further, I do NOT currently have a Funded account with TopStep. I still have to go through the TopStep Combine or evaluation process. Can I still get the TopStep discount for "upgrading" to a NinjaTrader Multi Broker license? The amount to "upgrade" to a Multi Broker license would be $250. I can pay this amount even without a TopStep Funded account and still get a Multi Broker license, correct?

Sorry about this but I am getting different responses from both TopStep and NinjaTrader about what I can and cannot do in regards to what I am trying to do in opening two separate trading accounts with TopStep. Breaking it down as simply as I can seemed the only way to get clarification.

With NinjaTrader you would not need a Multi Broker License Key to do this. There are however two different scenarios to consider and are dependent upon TopStepTrader.

1. If they are able to open two accounts and tie them both to the same Rithmic login then you will be fine.
2. If they are unable to open two accounts under the same login then you would need to have two separate instances of NinjaTrader to run each account as this is a limitation of connection adapter. This would require two Live Single Broker License keys per our terms of service. We would provide a discount for a second Live Single Broker license key which is $100 off of the $1099 cost.

If you have further questions, please send an email to platformsales@ninjatrader.com and ask for James (he is our VP of Customer Service) in the subject line of your email.

Disclosure: This communication is sent to you by NinjaTrader, LLC, a software development company which owns and supports all proprietary technology relating to and including the NinjaTrader trading platform.
Reply With Quote
The following 2 users say Thank You to NinjaTrader for this post:
 
  #16 (permalink)
Elite Member
Salt Lake City, UT
 
Trading Experience: Intermediate
Platform: NinjaTrader
Broker/Data: NinjaTrader Brokerage
Favorite Futures: ES, 6E
 
Aragorn's Avatar
 
Posts: 233 since Aug 2010
Thanks: 178 given, 268 received


NinjaTrader View Post
With NinjaTrader you would not need a Multi Broker License Key to do this. There are however two different scenarios to consider and are dependent upon TopStepTrader.

1. If they are able to open two accounts and tie them both to the same Rithmic login then you will be fine.
2. If they are unable to open two accounts under the same login then you would need to have two separate instances of NinjaTrader to run each account as this is a limitation of connection adapter. This would require two Live Single Broker License keys per our terms of service.

@TopstepTrader,

Can you shed some light on the scenarios described by NinjaTrader? Please read my original post on this thread for an explanation of what I am trying to do.

Your input will give me the information I need to proceed.

Reply With Quote
The following user says Thank You to Aragorn for this post:
 
  #17 (permalink)
Elite Member
Salt Lake City, UT
 
Trading Experience: Intermediate
Platform: NinjaTrader
Broker/Data: NinjaTrader Brokerage
Favorite Futures: ES, 6E
 
Aragorn's Avatar
 
Posts: 233 since Aug 2010
Thanks: 178 given, 268 received

I asked support@OneUp Trader the same question. Their response:

Hi,

"2. If they are unable to open two accounts under the same login then you would need to have two separate instances of NinjaTrader to run each account as this is a limitation of connection adapter. This would require two Live Single Broker License keys per our terms of service. "

No if you want you can use a Multibrokerage license to keep both accounts connected at the same time. There can only be 1 trading account per USERID so to have 2 different accounts you will need to sign up with a different email address and purchase a new Evaluation there as well. Keep in mind that you can have multiple Evaluation accounts but only one Funded trading account. If you complete both the Evaluation accounts one of them will be kept as backup in case something happens with your current Funded trading account.

Also we provide a free license key for Ninjatrader only during the Evaluation period. You can find it in the link below.
https://help.oneuptrader.com/help/ninjatrader-8-connection-guide

If you have other questions just access our help center page, most of the answers are there.
http://help.oneuptrader.com/help-center

We hope for you to join us and best of luck in your trading endeavors.

Regards,

Bruce

OneUp Trader Team


I would assume that TopStep Trader will answer along the same lines. Apples don't fall far from trees kind of thing. That said, it may be that having one account with TopStep and one account with OneUp may be required.


Last edited by Aragorn; May 6th, 2019 at 05:32 PM. Reason: Added conclusion
Reply With Quote
 
  #18 (permalink)
Elite Member
Salt Lake City, UT
 
Trading Experience: Intermediate
Platform: NinjaTrader
Broker/Data: NinjaTrader Brokerage
Favorite Futures: ES, 6E
 
Aragorn's Avatar
 
Posts: 233 since Aug 2010
Thanks: 178 given, 268 received


NinjaTrader View Post
With NinjaTrader you would not need a Multi Broker License Key to do this. There are however two different scenarios to consider and are dependent upon TopStepTrader.

1. If they are able to open two accounts and tie them both to the same Rithmic login then you will be fine.
2. If they are unable to open two accounts under the same login then you would need to have two separate instances of NinjaTrader to run each account as this is a limitation of connection adapter.

If I can only have one funded account with TopStep Trader and one funded account with OneUp Trader then I would need a Multi-Broker License, correct? (Sorry, this is all new to me so I'm trying to avoid any surprises.) They both use Rithmic but they'd both be supplying their own data feeds even if it's from the same source. The SuperDOM or ChartTrader would have different options from the "Accounts" drop-down, correct? One account from TopStep and one account from OneUp.

Reply With Quote
 
  #19 (permalink)
 Vendor: www.ninjatrader.com 
Denver, CO
 
Trading Experience: Advanced
Platform: NinjaTrader
Broker/Data: NinjaTrader Brokerage
Favorite Futures: ES
 
NinjaTrader's Avatar
 
Posts: 1,428 since May 2010
Thanks: 167 given, 2,128 received


Aragorn View Post
If I can only have one funded account with TopStep Trader and one funded account with OneUp Trader then I would need a Multi-Broker License, correct? (Sorry, this is all new to me so I'm trying to avoid any surprises.) They both use Rithmic but they'd both be supplying their own data feeds even if it's from the same source. The SuperDOM or ChartTrader would have different options from the "Accounts" drop-down, correct? One account from TopStep and one account from OneUp.

If you have further questions, please send an email to platformsales@ninjatrader.com and ask for James (he is our VP of Customer Service) in the subject line of your email.

Disclosure: This communication is sent to you by NinjaTrader, LLC, a software development company which owns and supports all proprietary technology relating to and including the NinjaTrader trading platform.
Reply With Quote
 
  #20 (permalink)
Elite Member
Salt Lake City, UT
 
Trading Experience: Intermediate
Platform: NinjaTrader
Broker/Data: NinjaTrader Brokerage
Favorite Futures: ES, 6E
 
Aragorn's Avatar
 
Posts: 233 since Aug 2010
Thanks: 178 given, 268 received

Answers!


This only applies if you want to use the NinjaTrader platform to take your trades.
TopStep Trading only allows for One Funded account.
OneUp Trading only allows for One Funded Account.
NinjaTrader will only connect to One account at a time. You only need a Single Broker License.

If you want to take two opposing sides, a Long from one account and a Short from the other account then you would have to be running NinjaTrader on two separate computers being connected to each vendor's data feed.
You would need Single Broker Licenses for both NinjaTrader platforms that are running on the separate computers.

Reply With Quote
The following user says Thank You to Aragorn for this post:

Reply



futures io > > > Trading multiple accounts at the same time?

Thread Tools Search this Thread
Search this Thread:

Advanced Search



Upcoming Webinars and Events (4:30PM ET unless noted)
 

futures io is celebrating 10-years w/ over $18,000 in prizes!

Right now
 

Pro Trader vs Pro Athlete w/Brannigan Barrett @ Habitus Capital

Elite only
     

Similar Threads
Thread Thread Starter Forum Replies Last Post
NinjaTrader + Interactive Brokers (multiple accounts) dtrade88 NinjaTrader 12 January 18th, 2016 05:03 PM
Trading multiple time zones DarkPoolTrading NinjaTrader Programming 8 May 17th, 2012 01:05 PM
Sierra Chart and multiple trading accounts or data feeds Big Mike Sierra Chart 42 November 24th, 2011 10:25 AM
Does Multicharts support multiple IB accounts? David MultiCharts 7 July 11th, 2011 12:28 PM
Multiple Accounts as Hedge for technology failure drago1 Reviews of Brokers and Data Feeds 2 January 21st, 2011 09:31 PM


Tags
broker, brokerage, brokers, chart trader, charttrader, combine, data, data feed, dow, dtn, dtn_iqfeed, email, forex, funded account, futures, ib broker, information, instrument, intraday, limit, list, loss, mirus_futures, multibroker, multiple accounts, ninja, ninja trader, ninjascript, ninjatrader, ninjatrader 7, ninjatrader 8, ninjatrader brokerage, nt8, oneup trader, oneuptrader, orders, pfg, platform, rithmic, short, sierra, sierra chart, spot forex, spread, superdom, support, swing, switch, topstep trader, topsteptrader, trading, trading account, virtual machine, vp, zenfire

All times are GMT -4. The time now is 04:40 AM. (this page content is cached, log in for real-time version)

Copyright © 2019 by futures io, s.a., Av Ricardo J. Alfaro, Century Tower, Panama, +507 833-9432 WhatsApp Business, info@futures.io
All information is for educational use only and is not investment advice.
There is a substantial risk of loss in trading commodity futures, stocks, options and foreign exchange products. Past performance is not indicative of future results.
no new posts
Page generated 2019-05-20 in 0.16 seconds with 14 queries on phoenix