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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).
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.
Trading: ES+MES+TechStocks as of 2022 Previous: ES GC CL [4MES2ES as of 2019MAY] and [4MGC2GC as of 2021JAN]
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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 the missing piece of the puzzle... Let's be amazing, be awesome in trading today!
iTS
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 [email protected] 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.
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.
"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.
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.
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 [email protected] 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.
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.
