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Trading multiple accounts at the same time?


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Trading multiple accounts at the same time?

  #21 (permalink)
 
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Aragorn View Post
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.

This is specific to Rithmic and the combines you reference. NinjaTrader supports having multiple accounts, multiple connections to different brokers from a single instance of NinjaTrader.

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.
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  #22 (permalink)
 
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 Aragorn 
Salt Lake City, UT
 
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Aragorn View Post
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.

Items of note:
1) Once you select a trading platform with TopStep you must continue using that platform. You can not change it.
2) OneUp allows you to change trading platforms.
3) In addition to NinjaTrader I also use BookMap. BookMap is a trading platform though I use it more as a tool than as a platform. TopStep supports both TSTrader and BookMap but does not support a connection to both TSTrader and BookMap at the same time.
4) OneUp will support a connection to both NinjaTrader and BookMap at the same time.

The takeaway is that buying another NinjaTrader License would not be necessary. There are other trading configurations I can and will use. Just be sure that whatever platform you want to use with TopStep is the platform you are willing to use from start to finish as you can't change it.

For OneUp I will use my NinjaTrader platform and probably BookMap.
For TopStep I will use either TSTrader (I want to try their 14 day trial of it) or BookMap.
(I just bought BookMap not too long ago and I'm a little leery of it's order execution and it's trade management- but my apprehension is not them it's me. I just think you should be 100% comfortable with your trading platform.)

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  #23 (permalink)
Topstep
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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.

Hi @Aragorn. Hopefully, we can clear this up for you. You are able to open two Trading Combines under one account. This one account can be connected to Ninja Trader. It can be a little tricky setting this all up, so if you decide to purchase the two Trading Combines you can contact our Trader Support team and we can do a screen share with you to show you how it's done. It is important to know that while you can have two Trading Combines, you CANNOT have two Funded Accounts. Whichever Trading Combine qualifies first for a Funded Account will be the only Funded Account activated.

While you are welcome to try this method, we do not reccomend it. Our Performance Coaches will advice against it as it will not set a trader up for any realist success. If you have additional questions specific to your account, you can contact us at [email protected] or by phone at (888) 407-1611.

Trade well.

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  #24 (permalink)
 
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 rhs603tt 
houston texas usa
 
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Rithmic Trader Pro allows us to enter the same trade in multiple accounts at the same time with one keystroke.

Is there a way to flatten those same trades with one keystroke in Rithmic? I don't use Ninja or any other platform and I can't find a way.

Thanks

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