Anybody heard of topsteptrader (review) - futures io
futures io



Anybody heard of topsteptrader (review)


Discussion in Trading Reviews and Vendors

Updated
      Top Posters
    1. looks_one Big Mike with 90 posts (231 thanks)
    2. looks_two bobwest with 85 posts (208 thanks)
    3. looks_3 omni72 with 33 posts (86 thanks)
    4. looks_4 syxforex with 31 posts (41 thanks)
      Best Posters
    1. looks_one Topstep with 3.6 thanks per post
    2. looks_two Big Mike with 2.6 thanks per post
    3. looks_3 omni72 with 2.6 thanks per post
    4. looks_4 bobwest with 2.4 thanks per post
    1. trending_up 295,630 views
    2. thumb_up 1,789 thanks given
    3. group 390 followers
    1. forum 932 posts
    2. attach_file 30 attachments




Welcome to futures io: the largest futures trading community on the planet, with well over 150,000 members
  • Genuine reviews from real traders, not fake reviews from stealth vendors
  • Quality education from leading professional traders
  • We are a friendly, helpful, and positive community
  • We do not tolerate rude behavior, trolling, or vendors advertising in posts
  • We are here to help, just let us know what you need
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

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

 
Search this Thread
 

Anybody heard of topsteptrader (review)

(login for full post details)
  #261 (permalink)
 madLyfe 
Des Moines, Iowa
 
Experience: None
Platform: Ninja, TOS
Broker: AMP/CQG, TOS
Trading: CL, TF, GC
 
madLyfe's Avatar
 
Posts: 1,641 since Feb 2011
Thanks: 9,220 given, 1,018 received


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..

dont believe anything you hear and only half of what you see

\_(ツ)_/

(╯□)╯︵ ┻━┻
Visit my futures io Trade Journal Reply With Quote

Can you help answer these questions
from other members on futures io?
Entries per day limit
EasyLanguage Programming
NT8 - Footprint Chart adding on code
NinjaTrader
 
 
(login for full post details)
  #262 (permalink)
 Silver Dragon 
Legendary Data Wizard!!!
Cincinnati Ohio
 
Experience: Intermediate
Platform: TastyWorks
Broker: TastyWorks
Trading: FX, Stocks, Options
 
Silver Dragon's Avatar
 
Posts: 2,058 since Feb 2011
Thanks: 5,977 given, 5,056 received


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.

nosce te ipsum

You make your own opportunities in life.
Visit my futures io Trade Journal Reply With Quote
The following 2 users say Thank You to Silver Dragon for this post:
 
(login for full post details)
  #263 (permalink)
 madLyfe 
Des Moines, Iowa
 
Experience: None
Platform: Ninja, TOS
Broker: AMP/CQG, TOS
Trading: CL, TF, GC
 
madLyfe's Avatar
 
Posts: 1,641 since Feb 2011
Thanks: 9,220 given, 1,018 received



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?

dont believe anything you hear and only half of what you see

\_(ツ)_/

(╯□)╯︵ ┻━┻
Visit my futures io Trade Journal Reply With Quote
The following 2 users say Thank You to madLyfe for this post:
 
(login for full post details)
  #264 (permalink)
 Silver Dragon 
Legendary Data Wizard!!!
Cincinnati Ohio
 
Experience: Intermediate
Platform: TastyWorks
Broker: TastyWorks
Trading: FX, Stocks, Options
 
Silver Dragon's Avatar
 
Posts: 2,058 since Feb 2011
Thanks: 5,977 given, 5,056 received


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

nosce te ipsum

You make your own opportunities in life.
Visit my futures io Trade Journal Reply With Quote
The following 2 users say Thank You to Silver Dragon for this post:
 
(login for full post details)
  #265 (permalink)
 Big Mike 
Site Administrator
Swing Trader
Data Scientist & DevOps
Manta, Ecuador
 
Experience: Advanced
Platform: Custom solution
Trading: Futures & Crypto
 
Big Mike's Avatar
 
Posts: 50,182 since Jun 2009
Thanks: 32,681 given, 99,584 received

Paul "LuckyLogger" Bartell is the newest funded trader



This guy is an oil and gas trader. Not much detail in this interview, except that journaling was critical for him to learn from his mistakes. He also touched on loss limits and cutting losers quickly.

Mike

We're here to help -- just ask

For the best trading education, watch our webinars
Searching for trading reviews? Review this list

Follow us on Twitter, YouTube, and Facebook

Support our community as an Elite Member:
https://futures.io/elite/

Visit other sites? Please spread the word about your experience with our community!
Follow me on Twitter Visit my futures io Trade Journal Reply With Quote
The following 5 users say Thank You to Big Mike for this post:
 
(login for full post details)
  #266 (permalink)
 Futures Operator 
New York, NY
 
Experience: Intermediate
Platform: Sierra Chart, thinkorswim
Broker: Amp-Rithmic/TT, IB
Trading: CL, GC, NQ
 
Posts: 592 since Nov 2010
Thanks: 1,982 given, 255 received


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.

Follow me on Twitter Reply With Quote
 
(login for full post details)
  #267 (permalink)
 Hoag 
Chicago Illinois
 
Experience: Advanced
Platform: T4
Trading: ES
 
Hoag's Avatar
 
Posts: 65 since Mar 2012
Thanks: 23 given, 310 received


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.

Follow me on Twitter Reply With Quote
The following 4 users say Thank You to Hoag for this post:
 
(login for full post details)
  #268 (permalink)
 Hoag 
Chicago Illinois
 
Experience: Advanced
Platform: T4
Trading: ES
 
Hoag's Avatar
 
Posts: 65 since Mar 2012
Thanks: 23 given, 310 received


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!

Follow me on Twitter Reply With Quote
The following 5 users say Thank You to Hoag for this post:
 
(login for full post details)
  #269 (permalink)
 josh 
Legendary Market Wizard
Georgia, US
 
Experience: None
Platform: SC
Broker: AMP+CQG
Trading: ES, Nikkei
 
josh's Avatar
 
Posts: 5,912 since Jan 2011
Thanks: 6,445 given, 16,870 received

@Hoag, thank you for the answers!

Reply With Quote
The following user says Thank You to josh for this post:
 
(login for full post details)
  #270 (permalink)
 Big Mike 
Site Administrator
Swing Trader
Data Scientist & DevOps
Manta, Ecuador
 
Experience: Advanced
Platform: Custom solution
Trading: Futures & Crypto
 
Big Mike's Avatar
 
Posts: 50,182 since Jun 2009
Thanks: 32,681 given, 99,584 received


https://www.twitter.com/MichaelPatak/status/258617518942453761

Mike

We're here to help -- just ask

For the best trading education, watch our webinars
Searching for trading reviews? Review this list

Follow us on Twitter, YouTube, and Facebook

Support our community as an Elite Member:
https://futures.io/elite/

Visit other sites? Please spread the word about your experience with our community!
Follow me on Twitter Visit my futures io Trade Journal Reply With Quote
The following 2 users say Thank You to Big Mike for this post:


futures io Trading Community Trading Reviews and Vendors > Anybody heard of topsteptrader (review)


Last Updated on March 7, 2022


Upcoming Webinars and Events
 

NinjaTrader Indicator Challenge!

Ongoing
     



Copyright © 2022 by futures io, s.a., Av Ricardo J. Alfaro, Century Tower, Panama, Ph: +507 833-9432 (Panama and Intl), +1 888-312-3001 (USA and Canada), 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