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Anybody heard of topsteptrader (review)


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Anybody heard of topsteptrader (review)

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  #331 (permalink)
Tulsa, OK
 
Experience: Beginner
Platform: Jigsaw, Ninja Trader, Sierra Chart
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Daytrader999 View Post
Absolutely, and now you've got even 40 days to reach your profit objective.

But they didn't make that an 'official' Combine yet, so you still need to submit a request for customizing.

While I agree that going to a minimum days format is a good thing, it's also important to consider the flip side: you have more days to take hits against your account.

I'm not trying to be Debbie Downer , but if a trader is averaging a negative amount after 10- or 20-days in a combine, there is a chance adding days will just confirm that negative average.

Again, I'm all that this is going to be a readily available option, but feel it is also imperative to keep a keen eye on the realities

All that being said, I wish everyone the best of luck success progress-supporting habits on their current or upcoming combines. I know it's boring but it IS useful

Luck is what happens when preparation meets opportunity. ~ Seneca
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  #332 (permalink)
Legendary Market Wizard
Georgia, US
 
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omni72 View Post
While I agree that going to a minimum days format is a good thing, it's also important to consider the flip side: you have more days to take hits against your account.

I could be wrong, but based on my experience, they are likely to impose a max drawdown below initial balance. In other words, if you have more days to accumulate profit, you will also be restricted to an initial drawdown, possibly not that different from the live combine itself.

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  #333 (permalink)
Tulsa, OK
 
Experience: Beginner
Platform: Jigsaw, Ninja Trader, Sierra Chart
Broker: Ninjatrader/Rithmic
Trading: G&L Tribute Series Rampage
 
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josh View Post
I could be wrong, but based on my experience, they are likely to impose a max drawdown below initial balance. In other words, if you have more days to accumulate profit, you will also be restricted to an initial drawdown, possibly not that different from the live combine itself.

Absolutely, the restricted drawdown is part of my combine as well. And I'm not saying people are likely to take bigger hits on their account. My point is that if someone averages -$75 per session today, doubling the amount of trading days available probably isn't going to be a magic bullet.

I'm glad you brought up the drawdown limit because I rarely see it discussed. It is something that Combiners should stay aware of. You could very easily stay miles away from your daily loss limit and still knock yourself out of contention by hitting the drawdown limit. Again, if someone is net negative on average, it probably won't take the full 20- or 40-days to tap out.

Personally, I'm all in favor of things being as close to the live combines as possible. If that means having a 5% drawdown limit, bring it on.

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  #334 (permalink)
Keller, TX USA
 
Experience: Intermediate
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Don't overlook the 20 day combine with a $30K account - the profit target is $2000, that's an average of only $100 per day.

If you can't make $100 a day, you probably shouldn't be trading

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  #335 (permalink)
Des Moines, Iowa
 
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newest funded trader at TST says hes a member here at BMs.. his name is Ronghua Xie or Ronghuax on TST. not sure if he is actively posting here under a diff name?


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  #336 (permalink)
Data Wizard!!!
Cincinnati Ohio
 
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Looks like they moved to the minimum day combine.

Trading Simulator | Trading Program | TopstepTrader Combine

New field added which is Max Draw down. Although it is blank when I look at combines. In the help text it says the max draw down for a 50k account is 2,000 which is double the loss limit. Assuming this would be true for the other account sizes.

Robert


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  #337 (permalink)
Market Wizard
Ilsede, Germany
 
Experience: Advanced
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Broker: Rithmic / CQG / Ninja Trader Brokerage
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Silver Dragon View Post
Looks like they moved to the minimum day combine.

Thanks Robert, that's great news !

So, as soon as they get the new CQG data feed up and running together with Ninja, I'll be back again in the Combine...

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  #338 (permalink)
Reno, Nevada
 
Experience: Advanced
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I signed up not knowing that they discontinued Ninja. The T4 platform is a dinosaur - has bugs all over the place. Anyone considering the Combine should wait for them to bring Ninja back.

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  #339 (permalink)
Market Wizard
Ilsede, Germany
 
Experience: Advanced
Platform: NinjaTrader 8
Broker: Rithmic / CQG / Ninja Trader Brokerage
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phantomtrader View Post
Anyone considering the Combine should wait for them to bring Ninja back.

Yes, definitely !

As I was told by TST, Ninja and CQG data feed should be ready by the end of January.

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  #340 (permalink)
denver, colorado
 
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phantomtrader View Post
I signed up not knowing that they discontinued Ninja. The T4 platform is a dinosaur - has bugs all over the place. Anyone considering the Combine should wait for them to bring Ninja back.

@phantomtrader - I'm curious what bugs you've found? CTS is actually quite a robust platform in my experience - the DOM is quite a bit better than Ninja's and from what I understand far more professionals use T4 than Ninja. I'm curious to hear about your experience as I'm still using T4. Thanks.

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