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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)

  #981 (permalink)
Market Wizard
Sarasota FL
 
Futures Experience: Intermediate
Platform: NinjaTrader, Sierra Chart
Favorite Futures: ES
 
Posts: 3,614 since Jan 2013
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DRock306 View Post
As a recent funded trader i can tell you it calculates it from ur account high at the end of the day/close not your account high during the day.
So if you were up $1000 during the day and by the time the markets closed you were only at $700 then they would only use that $700 in there calculations not the $1000.
Hope that helps

Perfect.

Bob.

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  #982 (permalink)
 Vendor: www.topsteptrader.com 
Chicago, IL
 
Futures Experience: Advanced
Platform: NinjaTrader, CTS (T4), Si
Favorite Futures: ALL- Futures, Forex, Equities
 
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bobwest View Post
I got a PM from @skfutures with an excellent question. Basically, it is not clear from what I could find on the website whether, in the funded account, the new trailing max drawdown itself is computed the same way as in the Combine -- based on closing balance -- or on the high point reached during the day, realized or not.

So if his high point was +900, but he ended up at +700, which amount would be used, in the funded account, to calculate his new trailing max drawdown? Also, if the +900 was unrealized, would it be used, or would they use the highest realized balance?

I don't know, and it would be important to know, obviously.

I'm quoting from my reply to him, so the question will be out in the public space of the forum for others to see, and perhaps answer:



Perhaps @TopstepTrader could clarify this for us.

Bob.


Bob - thanks for the question and thanks for the kind words about Trader Support.

In a Funded Account, the trailing max drawdown is still calculated based off of the end of day balance of your high water mark (realized P&L at the end of day). However, if you hit that number intraday, you will be closed out of the account.

As you mention to @skfutures, this is different than in a Trading Combine and Funded Trader Preparation, where if you hit the Trailing Drawdown intraday, you have until the end of the day to get back above that water mark - as long as you haven't hit your Daily Loss Limit.

As an example, let's say on Day 1 in a Funded Account, you gain $1,500 on one trade and then lose $1,500 on the second trade - for a net P&L of $0. Your Trailing Max Drawdown would not have moved from its original location (-$2,000 in a $50K account, -$3,000 with a $100K account, etc.).

If on Day 1, you make $1,500 by the close of day, your Trailing Max Drawdown would move to -$500 in a 50K account. If at any point thereafter, your account balance hits -$500 including unrealized P&L, you will be closed out of the trade and your Funded Account will be closed.

In a Trading Combine or FTP, you could theoretically hit -$600 or more intraday and then bounce back by the end of the day to maintain your eligibility for a Funded Account.

To summarize: the Trailing Max Drawdown is only calculated on an account's end of day balance in all of our accounts. However, in a Funded Account, if your loss exceeds that level intraday, we will close out the account as an added risk measure.

Hope that helps and feel free to tag us or contact Trader Support if you have any questions.

If you have any questions about our products or services at TopstepTrader, please send me a Private Message or use the FIO "Ask Me Anything" thread.
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  #983 (permalink)
Trading Apprentice
CONSTANTINE/ALGERIA (DZ)
 
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I would like to know more information about eurex echange trading dax fgbl bobl ftx are available, if not why thanx


Last edited by k7ler; October 25th, 2017 at 06:07 AM.
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  #984 (permalink)
 Vendor: www.topsteptrader.com 
Chicago, IL
 
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k7ler View Post
I would like to know more information about eurex echange trading dax fgbl bobl ftx are available, if not why thanx

Hi k7ler, thanks for the question. We are unable to receive simulated data for Eurex products, those are only available on a live account.

If you have any questions about our products or services at TopstepTrader, please send me a Private Message or use the FIO "Ask Me Anything" thread.
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  #985 (permalink)
Trading Apprentice
CONSTANTINE/ALGERIA (DZ)
 
Futures Experience: Advanced
Platform: ninjaTRADER ,
Broker/Data: RITHMIC,
Favorite Futures: CL, FGBL,FXSE,FDAX,YM
 
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Posts: 33 since Aug 2015
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TopstepTrader View Post
Hi k7ler, thanks for the question. We are unable to receive simulated data for Eurex products, those are only available on a live account.



I understand why benefit some product has other Eurex and more liquid and volatile and more volume than the ES or YM or NQ mainly season London and Frankfurt and in addition know more volume walking, I find it unfair that you integrate not flowing data Eurex Product on Sim I would like to know a reason thank you

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  #986 (permalink)
Trading Apprentice
CONSTANTINE/ALGERIA (DZ)
 
Futures Experience: Advanced
Platform: ninjaTRADER ,
Broker/Data: RITHMIC,
Favorite Futures: CL, FGBL,FXSE,FDAX,YM
 
k7ler's Avatar
 
Posts: 33 since Aug 2015
Thanks: 111 given, 6 received

I do not understand the reason why you prefer products to certainly for example the product EUREx are very liquid and a lot of volume usually know of very volatile product I prefer to see product in simulation I understand the reason That they are not available I think it is necessary to add them

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  #987 (permalink)
 Vendor: www.topsteptrader.com 
Chicago, IL
 
Futures Experience: Advanced
Platform: NinjaTrader, CTS (T4), Si
Favorite Futures: ALL- Futures, Forex, Equities
 
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Posts: 225 since Feb 2013
Thanks: 49 given, 660 received


k7ler View Post
I do not understand the reason why you prefer products to certainly for example the product EUREx are very liquid and a lot of volume usually know of very volatile product I prefer to see product in simulation I understand the reason That they are not available I think it is necessary to add them

Hi k7ler. Thanks for your posts. We currently do not have access to give EUREX data in SIM accounts. It's not that we don't want to, but we can't. We don't have the connection. This is something we hope to look into in the future, but it's not on our current road map. As a reminder, you can trade EUREX in the Funded Account.

We appreciate your feedback and take user feedback very seriously. It's what helps us stay innovative and give our users a great experience. Hope this helps give a little more clarity on your question.

If you have any questions about our products or services at TopstepTrader, please send me a Private Message or use the FIO "Ask Me Anything" thread.
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