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Anybody heard of topsteptrader (review)


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Anybody heard of topsteptrader (review)

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  #261 (permalink)
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Big Mike View Post
How many people are using NinjaTrader with Topstep now? My understanding is that it is now 100% available.

Mike

ya i was waiting for a couple ppl to pop in and give a report about usage..

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  #262 (permalink)
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Big Mike View Post
How many people are using NinjaTrader with Topstep now? My understanding is that it is now 100% available.

Mike

I am using it and it is working well. Seems faster than the other data providers I was using. They still do not have my account setup correctly so i cannot report if the trades are being reflected accurately within TST. Will report back.

Robert

edit: I am using the built in sim account within NT to trade.

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  #263 (permalink)
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Silver Dragon View Post
I am using it and it is working well. Seems faster than the other data providers I was using. They still do not have my account setup correctly so i cannot report if the trades are being reflected accurately within TST. Will report back.

Robert

edit: I am using the built in sim account within NT to trade.

sim account or combine sim account? or am i still wrong and you mean the sim key?

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  #264 (permalink)
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madLyfe View Post
sim account or combine sim account? or am i still wrong and you mean the sim key?

I am not doing the combine yet. Using the member practice account which gives me access to the data feed. Since they dont have my account setup correctly I cannot submit orders via the practice account. So, I am using the built in Sim account (Sim101) within NT to place practice trades.

I think this answer is more confusing than my first answer!

Robert

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  #265 (permalink)
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  #266 (permalink)
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josh View Post
questions for @Hoag:
There appears to be a very strange way that the overall stats are being calculated. Instead of being calculated as an entire set, they are calculated as a daily average. So right now my average loss is greater than my average win, but this is only possible if I have lost money net, and I'm up $800. So for two days my average loss was -$303 and -$150. You are averaging these two numbers, instead of averaging all trades. This is obviously not really correct -- if I have ten trades the first day all losing -$200 each, and one trade losing -$5 the second day, my average loss is -$182, not -$102. Help me please if I am misunderstanding this.

Does anyone understand how these stats work and why they're calculated this way? The overall average numbers don't make sense to me.

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  #267 (permalink)
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josh View Post
Regarding the profit split, the info on this page indicates that if a $30K buffer is built, that anything else above that will receive an 80/20 profit split. Is this correct, @Hoag?

Josh,
Once you have accumulated net profits of 30k you receive the 80/20 split and do not need to maintain that cushion.

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  #268 (permalink)
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josh View Post
Another 3 questions for @Hoag:

Does max daily loss include open (unrealized) losses/drawdown, or only closed losses? Say I enter a 15 lot which goes against me 4.25 handles, leaving me with a $3200 unrealized drawdown--will I receive a margin call or have my position closed in this case?

How is a "trade" defined for the purposes of W/L, hold time, etc.? Is it by a single filled order, by flat to flat, or what? Let's say I enter a 10 lot long. I add 1. I add 1 more. Now I flatten. How many "trades" is that? What if I were to scale out?

There appears to be a very strange way that the overall stats are being calculated. Instead of being calculated as an entire set, they are calculated as a daily average. So right now my average loss is greater than my average win, but this is only possible if I have lost money net, and I'm up $800. So for two days my average loss was -$303 and -$150. You are averaging these two numbers, instead of averaging all trades. This is obviously not really correct -- if I have ten trades the first day all losing -$200 each, and one trade losing -$5 the second day, my average loss is -$182, not -$102. Help me please if I am misunderstanding this.

Josh,

With regard to your first question, when your unrealized loss goes over the daily loss limit, the risk manager will flatten your position and your loss limit will be hit.

Second, trades are looked at in a first in, first out fashion and trades that are "scaled in or out" at different prices are viewed as separate trades.

Third, the way you are calculating the statistics is the way we do. If there is a discrepancy, please let us know about it via email to support.

Thank you Josh, Trade well!

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  #269 (permalink)
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@Hoag, thank you for the answers!

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  #270 (permalink)
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