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TopstepTrader's Michael Patak (Founder) - Ask Me Anything (AMA)


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TopstepTrader's Michael Patak (Founder) - Ask Me Anything (AMA)

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  #1151 (permalink)
Site Moderator
Sarasota FL
 
Experience: Advanced
Platform: Sierra Chart
Trading: ES, YM
 
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SamJames View Post
Can anyone mention the news Michael Patak refers to?
Did I miss something?

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Probably the news on Ryan Masten, formerly of Earn2Trade. A long discussion begins here:



He is currently not associated with the company, which has not been named in the complaint:



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  #1152 (permalink)
Kanab utah/usa
 
Experience: Beginner
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Trading: Crude cl, ES, Options
 
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SamJames View Post
Can anyone mention the news Michael Patak refers to?
Did I miss something?

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The news is about Earn2Trades co-founder Ryan Masten being accused of fraud. Search him for more specifics!

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  #1153 (permalink)
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Posts: 262 since Feb 2013
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Tymbeline View Post
Is that "as a right" or "a possibility, subject to negotiation", please?

(I ask because with the funded account's maximum permitted drawdown trailing open equity, rather than realized profits, that would be more relevant to me than increased position-sizes.)

Hi Tymbeline,

It is a right, but is subject to our Risk Manager, Mick's, discretion. If you're in this boat, you can give us a call at +1 (888) 407-1611.

Thank you!

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  #1154 (permalink)
Toronto Canada
 
 
Posts: 5 since Dec 2018
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Smackalackattack View Post
It’s funny, I just started my combine recently, choosing Sierra Chart, but it was right as they were dropping it due to the new data feed Sierra has. I was very confused at first...what I do now, is just use Sierra Chart as normal and just overlay the TSTrader DOM over my Sierra DOM and then trade like normal. Not ideal, but it works.

@Smackalackattack

I was hoping you wouldn't mind sharing how you were able to get this to work, because I have been training on Sierra Chart, but was disappointed to see that it is no longer supported by TopStep.

I found an older video of connecting Sierra Chart to Rithmic, and I was wondering if you basically did the same procedure (I can't post the link to the Youtube video because my account is still new, but if you search on Youtube "Sierra Chart - Rithmic Installation Guide" it's at 3:17 in that video)

Or did you find another work around?

Did you install the Rithmic Bridge for Sierra Chart?
And did you have to download an older version of Sierra Chart?

Basically I would be totally happy just using Sierra Chart for the real time data feed from the combine and charting, but placing the order itself through the TSTrader DOM.

I would greatly appreciate your help on this matter. It is a really confusing issue for someone who just wants to now put my trading to the test.

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  #1155 (permalink)
Newnan Ga/US
 
Experience: Beginner
Platform: Sierra Chart
Trading: Emini ES/CL/GC
 
Posts: 7 since Feb 2020
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geistflow View Post
@Smackalackattack



I was hoping you wouldn't mind sharing how you were able to get this to work, because I have been training on Sierra Chart, but was disappointed to see that it is no longer supported by TopStep.



I found an older video of connecting Sierra Chart to Rithmic, and I was wondering if you basically did the same procedure (I can't post the link to the Youtube video because my account is still new, but if you search on Youtube "Sierra Chart - Rithmic Installation Guide" it's at 3:17 in that video)



Or did you find another work around?



Did you install the Rithmic Bridge for Sierra Chart?

And did you have to download an older version of Sierra Chart?



Basically I would be totally happy just using Sierra Chart for the real time data feed from the combine and charting, but placing the order itself through the TSTrader DOM.



I would greatly appreciate your help on this matter. It is a really confusing issue for someone who just wants to now put my trading to the test.



Hey geist, so the way I trade now in the combine is I have my Sierra chart open as if I was using it to actively trade. All my analysis, etc. is being done here. I then open the TSTrade platform in a minimized screen showing only the price ladders for the 3 markets I trade. I line that up on a second screen next to the DOMs for the same markets in Sierra (I do this because I can see the “hitting the bids” and “lifting the offers” much easier on the Sierra DOM). From here. I watch the charts in Sierra, waiting for trades to setup according to my plan, then I place the trade in the TST DOM and let the trade play out.

Hope this helps!


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  #1156 (permalink)
Toronto Canada
 
 
Posts: 5 since Dec 2018
Thanks: 7 given, 1 received


Smackalackattack View Post
Hey geist, so the way I trade now in the combine is I have my Sierra chart open as if I was using it to actively trade. All my analysis, etc. is being done here. I then open the TSTrade platform in a minimized screen showing only the price ladders for the 3 markets I trade. I line that up on a second screen next to the DOMs for the same markets in Sierra (I do this because I can see the “hitting the bids” and “lifting the offers” much easier on the Sierra DOM). From here. I watch the charts in Sierra, waiting for trades to setup according to my plan, then I place the trade in the TST DOM and let the trade play out.

Hope this helps!

Thank you @Smackalackattack for the quick reply - one more question though if you don't mind, how are you getting the data for Sierra Chart?

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  #1157 (permalink)
Newnan Ga/US
 
Experience: Beginner
Platform: Sierra Chart
Trading: Emini ES/CL/GC
 
Posts: 7 since Feb 2020
Thanks: 4 given, 9 received


geistflow View Post
Thank you @Smackalackattack for the quick reply - one more question though if you don't mind, how are you getting the data for Sierra Chart?

So I have the Denali feed with Sierra Chart. Aside from the initial headache of figuring out how to go through the combine, I’m happy with the way I can trade now. Once I get my funded account, I’m wondering if I may just keep things the way they are, using both software packages lol.

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  #1158 (permalink)
Toronto Canada
 
 
Posts: 5 since Dec 2018
Thanks: 7 given, 1 received


Smackalackattack View Post
So I have the Denali feed with Sierra Chart. Aside from the initial headache of figuring out how to go through the combine, I’m happy with the way I can trade now. Once I get my funded account, I’m wondering if I may just keep things the way they are, using both software packages lol.

I see, thank you. I was considering that as well but I just didn't want to set up another account somewhere and then also pay for that separate data feed if I could somehow use the data from Topstep directly.

FYI two members here were able to use Sierra Chart + Rithmic to connect to a separate funding program (Earn2Trade), so I am going to try to see if a similar work around can be done for Topstep, as Topstep also used to have a support page for connecting Sierra Chart.

I can't post the link yet because my post count is too low but it's post #333 on page 34 of the "Earn2Trade - Orianna Foucault (Director of Support) - Ask Me Anything (AMA)" thread in the "Trading Review and Vendors" forum.

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  #1159 (permalink)
Newnan Ga/US
 
Experience: Beginner
Platform: Sierra Chart
Trading: Emini ES/CL/GC
 
Posts: 7 since Feb 2020
Thanks: 4 given, 9 received


geistflow View Post
I see, thank you. I was considering that as well but I just didn't want to set up another account somewhere and then also pay for that separate data feed if I could somehow use the data from Topstep directly.

FYI two members here were able to use Sierra Chart + Rithmic to connect to a separate funding program (Earn2Trade), so I am going to try to see if a similar work around can be done for Topstep, as Topstep also used to have a support page for connecting Sierra Chart.

I can't post the link yet because my post count is too low but it's post #333 on page 34 of the "Earn2Trade - Orianna Foucault (Director of Support) - Ask Me Anything (AMA)" thread in the "Trading Review and Vendors" forum.

Great, thanks for sharing. Let me know how that works for you on Earn2Trade, I’d be interested to know how you do.

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  #1160 (permalink)
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