TST Combine results and strategies for passing - futures io
futures io futures trading



TST Combine results and strategies for passing


Discussion in Trading Reviews and Vendors

Updated by garyboy275
      Top Posters
    1. looks_one Pedro40 with 48 posts (55 thanks)
    2. looks_two josh with 14 posts (15 thanks)
    3. looks_3 xelaar with 11 posts (1 thanks)
    4. looks_4 vercetti with 8 posts (8 thanks)
      Best Posters
    1. looks_one iankotze with 11.0 thanks per post
    2. looks_two Pedro40 with 1.1 thanks per post
    3. looks_3 josh with 1.1 thanks per post
    4. looks_4 vercetti with 1.0 thanks per post
    1. trending_up 20,408 views
    2. thumb_up 139 thanks given
    3. group 26 followers
    1. forum 131 replies
    2. attach_file 0 attachments




Welcome to futures io: the largest futures trading community on the planet, with well over 100,000 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
 

TST Combine results and strategies for passing

(login for full post details)
  #101 (permalink)
Legendary Market Wizard
Georgia, US
 
Experience: None
Platform: SC
Broker: AMP+CQG
Trading: ES, HSI, Nikkei
 
josh's Avatar
 
Posts: 5,451 since Jan 2011
Thanks: 6,025 given, 14,322 received


Pedro40 View Post
From the initial balance. That's why it is a good strategy to increase size once you have a profit cushion, both generally and daily.

Now it is said to be the same for the Live traders, but I disagree with it. Let's say you are trading Live with the 100K account and you made 8K. Then you start to lose. They say you are allowed to lose all the profit back and the max DD, but I say you should be stopped long before that. If you were up 8K and you lose 4K back, I would stop you and evaluate why the losses happened, but that is just me...

I am sure that in this scenario, they would talk with the trader to determine the best course of action, and not just let him go all the way back to the max DD without intervening in some helpful way. However, the advantage is that at this point you have proven that you can make some money, so I like that they don't keep the leash too tight, and let you trade. However, it should be noted that once a $5K cushion (for $30K and $50K) and $10K (for $100K and $150K) is built, the max loss is limited to the starting balance, not some amount below the starting balance.

Reply With Quote

 
 
(login for full post details)
  #102 (permalink)
Pittsburgh, Pennsylvania
 
 
Posts: 563 since Jan 2013
Thanks: 33 given, 375 received


josh View Post
However, it should be noted that once a $5K cushion (for $30K and $50K) and $10K (for $100K and $150K) is built, the max loss is limited to the starting balance, not some amount below the starting balance.

That only protects TST from not losing more than the initial balance, but the trader still can lose all what he has made up to that point. I think Mr. Patak is on record about this saying that yes, they would let you lose whatever you have made. Now I agree, it is hard to believe they wouldn't talk to you, once the losses/downternd are obvious, but that is what they are saying.
You are allowed to be stupid as long as they are not exposed....

Reply With Quote
 
(login for full post details)
  #103 (permalink)
Denver, CO
 
Experience: Intermediate
Platform: T4/TOS
Trading: ES
 
Posts: 110 since Jun 2012
Thanks: 71 given, 91 received


I posted this in @indextrader7 's thread. But thought I'd also post it here as well for others working on a Combine.


xelaar View Post
Yeah and flatten out does not cancel standing OCO orders! Make sure you pull them out or they will trigger you into position! Order entry bar does not trigger OCO orders to be sent, no idea why. They say it's most used on the floor platform, maybe because it is just as ancient old as the floor itself. Must run on XT then!

You can configure this. It is in the Main properties window, contract tab.



There are quite a lot of configuration choices in T4. I would spend some time before the combine starts getting everything set the way you like. Then be sure to save your settings.

Plan your trade, trade your plan.
Reply With Quote
The following 3 users say Thank You to Brewer20 for this post:
 
(login for full post details)
  #104 (permalink)
Manchester, NH
 
Experience: Advanced
Platform: Tradestation
Trading: NQ
 
Posts: 25 since Mar 2013
Thanks: 153 given, 28 received

The flatten function is problematic. Are all combiners aware that if you use flatten button to exit a position, the most important number, a.k.a., the Net Profit and Loss, would not be calculated correctly? The number would not include the trade p/l you just closed! The number will straighten out if you place a trade far away from market then cancel it, or when you place your next trade. During my 2 week trial it took me me days to figure out the inaccurate number was due to the fact I used flatten button to exit a position. I confronted TST support and they acknowledged the problem, saying that CTS was aware of this issue and was working on it. I strongly believe they should inform every combine participant this issue when the platform is downloaded. It wasted me so much time. T4 is an incredibly buggy platform. There are also other surprises that could pop up from time to time.

Reply With Quote
The following user says Thank You to MsFutures for this post:
 
(login for full post details)
  #105 (permalink)
Pittsburgh, Pennsylvania
 
 
Posts: 563 since Jan 2013
Thanks: 33 given, 375 received


MsFutures View Post
The flatten function is problematic. Are all combiners aware that if you use flatten button to exit a position, the most important number, a.k.a., the Net Profit and Loss, would not be calculated correctly? The number would not include the trade p/l you just closed!

I don't understand the problem. I have used the Flatten button extensively, but I haven't noticed anything problematic. You do get an inferior price, but that comes with the speed getting out of the position. And that window doesn't include commissions, but it never does, Flatten or no Flatten button...

Reply With Quote
 
(login for full post details)
  #106 (permalink)
Manchester, NH
 
Experience: Advanced
Platform: Tradestation
Trading: NQ
 
Posts: 25 since Mar 2013
Thanks: 153 given, 28 received


Pedro40 View Post
I don't understand the problem. I have used the Flatten button extensively, but I haven't noticed anything problematic. You do get an inferior price, but that comes with the speed getting out of the position. And that window doesn't include commissions, but it never does, Flatten or no Flatten button...

If you have a practice acct, enter a trade with 1 contract then use flatten button to exit to test it. You calculate your net p/l for this trade and see if the net p/l under "All-Account" agrees with your calculation.

If you don't have this problem, it then makes T4 platform even more weird. I deal with this issue daily while in combine. I have to place a trade far away from the market then cancel this trade, then the number corrects itself.

Reply With Quote
 
(login for full post details)
  #107 (permalink)
Denver, CO
 
Experience: Intermediate
Platform: T4/TOS
Trading: ES
 
Posts: 110 since Jun 2012
Thanks: 71 given, 91 received


MsFutures View Post
If you have a practice acct, enter a trade with 1 contract then use flatten button to exit to test it. You calculate your net p/l for this trade and see if the net p/l under "All-Account" agrees with your calculation.

If you don't have this problem, it then makes T4 platform even more weird. I deal with this issue daily while in combine. I have to place a trade far away from the market then cancel this trade, then the number corrects itself.

I've seen this, where the net P/L within T4 doesn't update with the result of the last trade. However, the trade report on the TST website has always been correct.

Plan your trade, trade your plan.
Reply With Quote
 
(login for full post details)
  #108 (permalink)
Pittsburgh, Pennsylvania
 
 
Posts: 563 since Jan 2013
Thanks: 33 given, 375 received


Big Mike View Post
OK then I agree, if that is what their website says and they are saying intraday (which I would assume anyway, being "maximum drawdown") then they need to update their site. BTW, intraday you can still realize more loss than you end with at end of day. So they need to clarify open positions, closed positions, or end of day.

Well, ladies and gentlemen, today we have a definite answer. I am not particularly proud of it, but on day #18 I managed to dip below the max. DD. It only lasted for about 5 minutes and 3 ticks of ES, but I was below 48K by 30-50$. The DLL wasn't in any danger, and I ended the day up with a slight gain. My combine is still alive I have just checked.

So the TST website is correct, although not logical. You can go below the max DD as long as you close the day above it and as long as you don't go below the DLL ever, during the day....(I am not sure if you can close the losing position during the day)

So I guess if you finish a day very close to your max. DD, it is possible that you can go below it the next day by almost the whole DLL, as long as your position never takes the DLL out, if you manage to come back by closing, you are golden. It also means that the unrealized max DD can be almost: max DD minus DLL. In the case of the 50K Combine, I guess you can go as low as 47.01K if it is unrealized loss, but you have to close above 48K. I think if you close that loss during the day, the game is also over... (maybe I will try it tomorrow)

------------------------------------------------------------

There is another interesting thing about the winning day %. If you trade more than 1 instrument, you can be loser in all but one, as long as the daily sum is at least 1$, your daily win % is positive. Earlier I thought this daily win % has to be 50% for each instrument, but no, it counts altogether.

So if you have one instrument that you are particularly good, you can use it to save your day. Let's say you are down in the ES and oil, but you can make it back to the green with the nat. gas, then go for it...

Reply With Quote
The following 3 users say Thank You to Pedro40 for this post:
 
(login for full post details)
  #109 (permalink)
prague, czech republic
 
Experience: Intermediate
Platform: NT7, MT4
Broker: LMAX
Trading: DAX, Gold, Euro
 
xelaar's Avatar
 
Posts: 1,517 since Feb 2013
Thanks: 1,740 given, 2,565 received

While my argument about the validity of small Combines stays strong, and large Combine is certainly much harder to fail if you don't go crazy with sizes, it presents another problem: it gives you too much leeway to keep doing stupid trades or use unproportionally large stop losses not to get stop out from a bad entry. Certainly, large Combine is the easiest to get refunded or rolled over, but the question is how good trade management it teaches if you can keep doing things like I did over and over again? I can see how easily I can get stuck in 150k Combine rolling it over for free for a year, because large DLL allows not to get blown using small sizes but improper trade management won't allow to get even close to required profit target.

Follow me on Twitter Visit my futures io Trade Journal Reply With Quote
 
(login for full post details)
  #110 (permalink)
Pittsburgh, Pennsylvania
 
 
Posts: 563 since Jan 2013
Thanks: 33 given, 375 received


Xeelar, good point. I guess the 100-150K combines can be used for testing, when one just wants to use the T4. For the price of 350-400$ one can basicly use it for a whole year...

And yes you are right, the combiners has to start swinging the full size occasionally, otherwise the profit target won't be reached. Playing it to safe has been my problem....

Reply With Quote
The following user says Thank You to Pedro40 for this post:


futures io Trading Community Trading Reviews and Vendors > TST Combine results and strategies for passing


June 9, 2013


Upcoming Webinars and Events
 

Every journal equals ten meals for the hungry

Now
     



Copyright © 2020 by futures io, s.a., Av Ricardo J. Alfaro, Century Tower, Panama, +507 833-9432, 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