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My MES Live Account Journal (OneUp)


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My MES Live Account Journal (OneUp)

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  #61 (permalink)
Legendary Market Wizard
Chicago
 
Experience: Beginner
Trading: MYM, MES, YM, ES
 
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Posts: 1,231 since Feb 2019
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I think I understand the 80% rule now, they seem to mean "can you find ANY 3 days that, when profits are summed, add up to 80% of your best day."

I apologize, I misunderstood that the first time I read it.

Also, I re-read my post and I feel like I'm bombarding you with questions, that wasn't my intention at all, I'm just glad to see you trading well and I'm interested in this evaluation too, potentially.

Have a great rest of your weekend @sstheo!

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  #62 (permalink)
Holladay, Utah, USA
 
Experience: Intermediate
Platform: Multicharts
Trading: NQ YM
 
sstheo's Avatar
 
Posts: 105 since Oct 2012


snax View Post

Are there any deterrents in the funded trader rules to simply growing the account as much as possible and building a very stable account with very little drawdown risk?

I hope these questions aren't too annoying and I wish you great trading luck!


No deterrents at all! The only caution comes into play when a trader increases the account size and decides to trade with more positions - because the daily draw down amount does not change. This means that the per-position daily max loss is much smaller.

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  #63 (permalink)
Holladay, Utah, USA
 
Experience: Intermediate
Platform: Multicharts
Trading: NQ YM
 
sstheo's Avatar
 
Posts: 105 since Oct 2012



snax View Post
I think I understand the 80% rule now, they seem to mean "can you find ANY 3 days that, when profits are summed, add up to 80% of your best day."

I apologize, I misunderstood that the first time I read it.

Also, I re-read my post and I feel like I'm bombarding you with questions, that wasn't my intention at all, I'm just glad to see you trading well and I'm interested in this evaluation too, potentially.

Have a great rest of your weekend @sstheo!


You got it! The 80% rule is a good rule, and it is only for the evaluation. They don't want someone getting lucky on NFP day and then taking 14 scalps the rest of the 15 days. LOL.

Ask all the questions you want!!!

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  #64 (permalink)
Guadalajara + Jalisco/Mexico
 
Experience: Beginner
Platform: NinjaTrader
Trading: ES MINI
 
Posts: 50 since Dec 2016
Thanks: 9 given, 7 received

Hello, I have a question about "Funded Trader Dynamic Scaling Targets".

Example for a 250k account:

In the Evaluation, Maximium of 25 contracts.
Between 15 and 20 Trading Days u must have profit of $15,000usd


In the Funded Real 250k Account:

You now start at maximium of 6 Contracts, until you reach $0 - $5000usd
$5,001 - $12,000 12 Contracts
$12,000 - $20,000 18 Contracts
Over $20.001 25 Contracts.


In The Funded Real Account, you still have the "Profit Target"??? I dont think so because they are limiting you the contracts size from the current profit balance.

What happen if in the Real Account, you end at breakeven in the end of the month? Thank you.

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  #65 (permalink)
Antwerp
 
 
Posts: 454 since Jun 2016


contrax View Post
Hello, I have a question about "Funded Trader Dynamic Scaling Targets".

Example for a 250k account:

In the Evaluation, Maximium of 25 contracts.
Between 15 and 20 Trading Days u must have profit of $15,000usd


In the Funded Real 250k Account:

You now start at maximium of 6 Contracts, until you reach $0 - $5000usd
$5,001 - $12,000 12 Contracts
$12,000 - $20,000 18 Contracts
Over $20.001 25 Contracts.


In The Funded Real Account, you still have the "Profit Target"??? I dont think so because they are limiting you the contracts size from the current profit balance.

What happen if in the Real Account, you end at breakeven in the end of the month? Thank you.

There is no profit target in the real account, it means you must have reached at least $20K profit before you can trade the 25 contacts, it doesn't matter how long it takes.

All you need to do is to keep a positive balance after 15 days and every 15 days there after for the first 90 days.

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  #66 (permalink)
Guadalajara + Jalisco/Mexico
 
Experience: Beginner
Platform: NinjaTrader
Trading: ES MINI
 
Posts: 50 since Dec 2016
Thanks: 9 given, 7 received


RDK91 View Post
There is no profit target in the real account, it means you must have reached at least $20K profit before you can trade the 25 contacts, it doesn't matter how long it takes.

All you need to do is to keep a positive balance after 15 days and every 15 days there after for the first 90 days.

Thank you for ur reply (i tought i already reply to this hahaha), Then, in the real funded account, they doesnt care how much time you take to grow the account... They only focus to you be at breakeven/profits every 15 days? (And obviously focus in the rules from Evaluation plus the flat trade during news)

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  #67 (permalink)
Holladay, Utah, USA
 
Experience: Intermediate
Platform: Multicharts
Trading: NQ YM
 
sstheo's Avatar
 
Posts: 105 since Oct 2012


contrax View Post
Thank you for ur reply (i tought i already reply to this hahaha), Then, in the real funded account, they doesnt care how much time you take to grow the account... They only focus to you be at breakeven/profits every 15 days? (And obviously focus in the rules from Evaluation plus the flat trade during news)

That is correct.

And that requirement is waived at the 90 calendar day mark.

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  #68 (permalink)
Boston, MA
 
Experience: None
 
Posts: 4 since Apr 2019
Thanks: 9 given, 0 received

Hey!

I was looking at their profit info -- does anyone know how it works with a 50k amount? Let's say I make 8k with Oneup, is the max I can withdraw 5.5k? What happens to the remaining 2.5k? Will I receive it when I no longer trade with Oneup?

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  #69 (permalink)
Antwerp
 
 
Posts: 454 since Jun 2016


dyoung View Post
Hey!

I was looking at their profit info -- does anyone know how it works with a 50k amount? Let's say I make 8k with Oneup, is the max I can withdraw 5.5k? What happens to the remaining 2.5k? Will I receive it when I no longer trade with Oneup?

You can receive up to 50% of the withdrawal threshold when you close the account, depeing on the time you have spent in the funded account.

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  #70 (permalink)
Guadalajara + Jalisco/Mexico
 
Experience: Beginner
Platform: NinjaTrader
Trading: ES MINI
 
Posts: 50 since Dec 2016
Thanks: 9 given, 7 received



sstheo View Post
That is correct.

And that requirement is waived at the 90 calendar day mark.


Hello, i have a question about the Rule of to be flat on some News.

I send an email to ONEUP support about it, and they send me this link:

https://global-premium.econoday.com/byweek.asp?cust=global-premium&cty=US&lid=0


But i dont know exactly what news should be, i reply them but until now they didnt respond me.

Can u help me with that?

Where are you watching the Calendar News?

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