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Anybody heard of topsteptrader (review)
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Anybody heard of topsteptrader (review)

  #261 (permalink)
Elite Member
Des Moines, Iowa
 
Futures Experience: None
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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..

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

¯\_(ツ)_/¯

(╯°□°)╯︵ ┻━┻
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  #262 (permalink)
Elite Member
Cincinnati Ohio
 
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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)
Elite Member
Des Moines, Iowa
 
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Favorite Futures: CL, TF, GC
 
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Posts: 1,641 since Feb 2011
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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?

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

¯\_(ツ)_/¯

(╯°□°)╯︵ ┻━┻
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  #264 (permalink)
Elite Member
Cincinnati Ohio
 
Futures Experience: Intermediate
Platform: NinjaTrader
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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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You make your own opportunities in life.
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  #265 (permalink)
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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

Due to time constraints, please do not PM me if your question can be resolved or answered on the forum.

Need help?
1) Stop changing things. No new indicators, charts, or methods. Be consistent with what is in front of you first.
2) Start a journal and post to it daily with the trades you made to show your strengths and weaknesses.
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4) Accept responsibility for your actions. Stop looking elsewhere to explain away poor performance.
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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.


Last edited by Futures Operator; October 17th, 2012 at 02:29 AM.
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  #267 (permalink)
 Vendor: www.topsteptrader.com 
Chicago Illinois
 
Futures Experience: Advanced
Platform: T4
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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)
 Vendor: www.topsteptrader.com 
Chicago Illinois
 
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Platform: T4
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Posts: 66 since Mar 2012
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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!


Last edited by Hoag; October 17th, 2012 at 11:16 AM.
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  #269 (permalink)
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@Hoag, thank you for the answers!

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  #270 (permalink)
Site Administrator
Manta, Ecuador
 
Futures Experience: Advanced
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Posts: 46,163 since Jun 2009
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Mike

Due to time constraints, please do not PM me if your question can be resolved or answered on the forum.

Need help?
1) Stop changing things. No new indicators, charts, or methods. Be consistent with what is in front of you first.
2) Start a journal and post to it daily with the trades you made to show your strengths and weaknesses.
3) Set goals for yourself to reach daily. Make them about how you trade, not how much money you make.
4) Accept responsibility for your actions. Stop looking elsewhere to explain away poor performance.
5) Where to start as a trader? Watch this webinar and read this thread for hundreds of questions and answers.
6)
Help using the forum? Watch this video to learn general tips on using the site.

If you want
to support our community, become an Elite Member.

Reply With Quote
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