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

  #371 (permalink)
Elite Member
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Big Mike View Post
I want to thank Mike & John today from TST for their time in this webinar. We had over 450 people sign up, and almost 200 questions in the webinar - so that is why it ended up running 2.5 hours long!

I think the webinar should answer almost all questions about TST and I hope everyone benefited from it.

I'll post the recording sometime tomorrow in the usual spot.

More info in the webinar thread:
https://futures.io/vendors-product-reviews/25440-webinar-topsteptraders-combine-program-depth.html

Mike

I would like to add my thanks to them too - very enthusiastic and open presentation that certainly got my interest!

Hope to have a closer look at the membership option initially once a house move is finished!

Thanks

Graeme

Never stop learning - never stop applying the knowledge.
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  #372 (permalink)
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Chicago, IL
 
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zcui's Avatar
 
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For anyone who's also confused by T4's way of calculating trading stats, TST sent me a file explaining them. Please see attachment.

Below is their definition of "a trade":
What constitutes a “Trade” - A trade is considered 1 trade if the completed price “in” (entry) is
the same, no matter the quantity and the completed price “out” (exit) is the same, no matter the
quantity. If two entries occur at the same price, and two exits occur at different prices, then that
would constitute 2 trades. Positions are different than trades.

So this means if I long 5 contracts, exit 4 contracts at +5 ticks and the other 1 was stopped out at -1 tick, then you'll have 1 winning trade and 1 losing trade, thus 50% win %.

I'm more used to ninjatrader's way of doing performance report, and definitely think that makes more sense.

Attached Thumbnails
Anybody heard of topsteptrader (review)-how-trade-reports-calculated.pdf  
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  #373 (permalink)
Trading for Profit
Pittsburgh, Pennsylvania
 
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Platform: TradeStation
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Furthermore, there is always sequencing in executing trades, meaning always the first trade in gets exited first, no matter that you set up the limit order for the second entry.

For example I am long 1 ES contract from 1520. It pulls back 2 points so I go long with another contract at 1518. Now when the price goes back to 1520, I want to exit the 2nd entry with 2 points gain, but it doesn't matter if I change the limit price on that OCO order to 1520, the first entry will be executed first and it will be a break even trade.

I find this distracting because I specially set the limit order for the second entry and I wanted to keep the first entry longer so it could go into profit and help with the statistics... But whatever I try, first in first out if they are the same futures contract...

Edit: I have just found that Brian from T4 has a thread so I addressed this issue there....


Last edited by Pedro40; February 13th, 2013 at 10:45 AM.
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  #374 (permalink)
 Vendor: www.topsteptrader.com 
Chicago Illinois
 
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Pedro40 View Post
Furthermore, there is always sequencing in executing trades, meaning always the first trade in gets exited first, no matter that you set up the limit order for the second entry.

For example I am long 1 ES contract from 1520. It pulls back 2 points so I go long with another contract at 1518. Now when the price goes back to 1520, I want to exit the 2nd entry with 2 points gain, but it doesn't matter if I change the limit price on that OCO order to 1520, the first entry will be executed first and it will be a break even trade.

I find this distracting because I specially set the limit order for the second entry and I wanted to keep the first entry longer so it could go into profit and help with the statistics... But whatever I try, first in first out if they are the same futures contract...

Edit: I have just found that Brian from T4 has a thread so I addressed this issue there....

All our trade reports, T4 or Ninja, are calculated on a first in first out basis.

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  #375 (permalink)
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Hoag View Post
All our trade reports, T4 or Ninja, are calculated on a first in first out basis.

Does this mean Ninjatrader is an platform option now? I've been checking the TST website, awaiting Ninjatrader to be listed as a platform.

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  #376 (permalink)
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PushHands View Post
Does this mean Ninjatrader is an platform option now? I've been checking the TST website, awaiting Ninjatrader to be listed as a platform.

As already mentioned by TST, Ninja Trader will actually be available for the Combines by the end of March.

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  #377 (permalink)
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Hervey Bay Qld Australia
 
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Price changes - new structure

Looks like there are some changes to prices

No member discount for combines has changed (not for current members)
Charges for previously free services - squak radio and practice account

Maybe they will just have combine participants and not offer membership now.

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  #378 (permalink)
Trading for Profit
Pittsburgh, Pennsylvania
 
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Posts: 543 since Jan 2013
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Call me stupid, but what is the difference between line item #3 and #5 beside the price?

#3 Non-evaluated practice account (maybe this is the formerly 2 weeks free test account)

#5 Practice account (non-evaluated) (maybe this is the new 1 month test account)

The same with the 2 weeks Squawk Radio, previously free, now it is zero dollar...

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  #379 (permalink)
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Hervey Bay Qld Australia
 
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Posts: 210 since Sep 2011
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Hehe - maybe they are in transition

Looks like whatever is changing must still be in progress - it needs a little cleaning up. 3 and 5 look the same to me as well

Squawk radio has been free but it looks like after 2 weeks its pay up time.

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  #380 (permalink)
 Vendor: diversifyportfolio.com 
PTA, Gauteng
 
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Platform: Self built + Sierra + TWS
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Clearly a lot of price and structure changes are in the works at @TopstepTrader. Their website is currently very much 'a work in progress'. (I wonder why the half baked website changes have been made public as they're clearly not complete)

As others have mentioned, it seems that the price for combines is going up and there doesn't seem to be a member discount anymore.

The price of the IDT course is going up. You get a complimentary combine along with the IDT course (not sure which one?)

The profit split for people who have done the IDT course and subsequently get funded is being dropped. It was originally 70:30, then 65:35, now just the standard 60:40 regardless.

I wonder what other price increases haven't yet made it to the website.

Hopefully the site will be completed soon and more clarity on these changes will be provided.

Diversification is the only free lunch
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