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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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  #231 (permalink)
Chicago, IL
 
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indiantrader View Post
I got an email from TST about a new funded trader.
The combine report shows overall daily negative average for crude and 6B and positive on gold still he is eligible for a funded account
I was under the impression that winning a combine needs positive average in all instruments traded.
Somebody please clarify the rules.
Here is the combine picture I got in email.

Indiantrader- All recruits are able to customize their rules or profit target. This option has been available for over a year. We do have many that take advantage of this as they can build rules or profit more suited to their trading plan. If someone is interested in customizing they would need to call and speak to a member of our team.

Hope that helps.

Mp

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  #232 (permalink)
Beer Sheva,Israel
 
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10 of September and still nothing regarding the combine with NT.
Is there any reasonable estimated release date for these so long awaited news?

“Only one who devotes himself to a cause with his whole strength and soul can be a true master. For this reason mastery demands all of a person.”--Albert Einstein
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  #233 (permalink)
Como Italy
 
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There was a brief beta trial in the summer, which I signed up for but had to postpone. Now it is no longer available. The beta trial results are apparently being evaluated.

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  #234 (permalink)
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Vincent Vega View Post
10 of September and still nothing regarding the combine with NT.
Is there any reasonable estimated release date for these so long awaited news?

Vincent- We are getting things in our team's hands to run another beta test by the end of September. This "should" be the final beta group. The hold up on NT release in our program has been with the 3rd party back-end provider and has been completely out of our hands.

We are ready to go on our end but we will ensure that all things are in complete working order before adding the NT platform to the Combine.

mp

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  #235 (permalink)
NUREMBERG BAYERN
 
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martinbuch View Post
Any news on making EUREX products available for the combine?

Thanks,
Martin

Anything?

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  #236 (permalink)
Beer Sheva,Israel
 
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TopstepTrader View Post
Vincent- We are getting things in our team's hands to run another beta test by the end of September. This "should" be the final beta group. The hold up on NT release in our program has been with the 3rd party back-end provider and has been completely out of our hands.

We are ready to go on our end but we will ensure that all things are in complete working order before adding the NT platform to the Combine.

mp

Another month passed and still nothing encouraging.
Can we get finaly a release date?

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  #237 (permalink)
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Vincent Vega View Post
Another month passed and still nothing encouraging.
Can we get finaly a release date?

Vincent- We are still waiting for the environment to be completely built-out bug free and with the functionality we need to manage the Combine. We (I) are just as frustrated with the time this has taken as anyone. I can assure you it is my top priority and I am working daily towards a solution.

mp

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  #238 (permalink)
Site Moderator
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Just to add a little to the conversation -- and Michael, please let me know if I get anything wrong or leave something out -- here's my take on the issues:

T4 is a platform that is built for traders working within a firm. It has the ability for a Risk Manager to monitor your trades, set limits on what you can do, and, I assume, step in if you overstep your risk or loss parameters. A firm needs to be able to manage the risk exposure that its traders get it into while trading its money.

Ninja was not designed with that kind of activity in mind; it's for an individual trader who is trading his/her own account, and so it doesn't have a way for the firm to manage its risks.

My understanding is that the "back end" work that TST talks about having a third party do is to supply that capability, which is not natively a part of Ninja, and probably is not going to be.

As an (ex-) programmer, I would expect this to be an involved and tricky job, hence the delays and the need for lots of testing. In effect, it's modifying a major commercial software package, at least on the back end, and it's not being done by the company that wrote the package.

Michael, if I got any of this wrong, please fill in, but I'm not sure that everyone is clear about why it's been a big task, or has taken the time that it has.

Bob.

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  #239 (permalink)
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bobwest View Post
Just to add a little to the conversation -- and Michael, please let me know if I get anything wrong or leave something out -- here's my take on the issues:

T4 is a platform that is built for traders working within a firm. It has the ability for a Risk Manager to monitor your trades, set limits on what you can do, and, I assume, step in if you overstep your risk or loss parameters. A firm needs to be able to manage the risk exposure that its traders get it into while trading its money.

Ninja was not designed with that kind of activity in mind; it's for an individual trader who is trading his/her own account, and so it doesn't have a way for the firm to manage its risks.

My understanding is that the "back end" work that TST talks about having a third party do is to supply that capability, which is not natively a part of Ninja, and probably is not going to be.

As an (ex-) programmer, I would expect this to be an involved and tricky job, hence the delays and the need for lots of testing. In effect, it's modifying a major commercial software package, at least on the back end, and it's not being done by the company that wrote the package.

Michael, if I got any of this wrong, please fill in, but I'm not sure that everyone is clear about why it's been a big task, or has taken the time that it has.

Bob.

Bob- Thank you for that and spot on. You know your stuff.

mp

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  #240 (permalink)
Beer Sheva,Israel
 
Experience: Intermediate
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Broker: Ampfutures/CQG
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Posts: 177 since Sep 2011
Thanks: 49 given, 54 received


So it will happen in 2015 i suppose.

“Only one who devotes himself to a cause with his whole strength and soul can be a true master. For this reason mastery demands all of a person.”--Albert Einstein
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