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Topstep's Nick Dolby (Social Media and Community Coordinator) - Ask me Anything (AMA)


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Topstep's Nick Dolby (Social Media and Community Coordinator) - Ask me Anything (AMA)

 
 
SBtrader82's Avatar
 SBtrader82   is a Vendor
 
Posts: 587 since Feb 2018
Thanks Given: 222
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I just noticed that when I logged into my dashboard it shows me the possibility to enable alerts.
This is a great idea!! it is helpful to receive notifications just in case we forget about any news or event. I really liked it.


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SBtrader82's Avatar
 SBtrader82   is a Vendor
 
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***SUGGESTION FOR TOPSTEP***
LOOK INTO GOLD MICROS !!


If I can suggest something to the topstep team: I would encourage TopStep to allow trading the Micro-GOLD (MGC). I noticed that you allow to trade mini-crude oil (QM). In my experience Micro Gold is much more liquid than that.
This is a comparison of volumes between Gold and Crude and their respective micros and mini versions:

GC (full gold)--->80K to 160K contracts per day
QO (mini gold)--->200 to 800 contracts (very illiquid)
MGC (micro gold)---->26K to 95K contracts per day (very liquid)

CL (full WTI contract)----->100K to 230K
QM (mini WTI contract)----> 6500 to 9000 (very illiquid)

basically QM has 20 times less volume than CL, whereas MGC volume is only one third of GC volume.

In the past I overlooked the potential of MGC because of the name, I thought that mini-GOLD had much more volume than the micro, so once I looked into the mini and I saw no volume, I didn't even bother to look into the micro.
For some reason people like the micro and it's quite liquid.
I personally trade it in my personal account on a daily basis and the difference between GC and MGC even in the most volatile situations is only a couple of ticks.

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brach's Avatar
 brach 
Austin, TX
 
Experience: Intermediate
Platform: NT, SC, MT
Trading: NQ, ES, Micros
Posts: 89 since May 2018
Thanks Given: 187
Thanks Received: 269


@Topstep thank you for the quality products you provide, your industry leadership, and your support of this community.

I did want to highlight 2 pain points for me personally wrt your products.
  1. Micros being treated as a full contract. Competitors treat 10 micros as 1 full contract.
  2. Trailing drawdowns that never stop trailing during evaluations.

Obviously there are also ways that you shine relative to the competition. Thanks for considering this feedback.

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matthew28's Avatar
 matthew28 
United Kingdom
 
Experience: Beginner
Platform: Bookmap
Broker: Stage 5, Rithmic
Trading: US Equity Index Futures
Posts: 1,250 since Sep 2013
Thanks Given: 3,500
Thanks Received: 2,532


brach View Post
  1. Micros being treated as a full contract. Competitors treat 10 micros as 1 full contract.
  2. Trailing drawdowns that never stop trailing during evaluations.

1. See posts 1166, 1170, 1173 a couple of pages back
2.The trailing drawdown does stop during the evaluation.
"Also, once the Trailing Maximum Drawdown reaches the initial starting balance of your account, it won’t change for the remainder of your evaluation period. This means that if you were to make $2,500 the next day and your account balance is $52,500, your Trailing Maximum Drawdown will move up to $50,000 and stay there until the account is passed into Step 2, reset or canceled."
https://help.futures.topstep.com/hc/en-us/articles/235514547-What-is-the-Trailing-Maximum-Drawdown-

You do not win as a trader, you just get to play again the next day. If that game doesn’t appeal to you then you should not trade. Gary Norden
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Topstep
Chicago, IL
 
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brach View Post
@Topstep thank you for the quality products you provide, your industry leadership, and your support of this community.

I did want to highlight 2 pain points for me personally wrt your products.
  1. Micros being treated as a full contract. Competitors treat 10 micros as 1 full contract.
  2. Trailing drawdowns that never stop trailing during evaluations.

Obviously there are also ways that you shine relative to the competition. Thanks for considering this feedback.


matthew28 View Post
1. See posts 1166, 1170, 1173 a couple of pages back
2.The trailing drawdown does stop during the evaluation.
"Also, once the Trailing Maximum Drawdown reaches the initial starting balance of your account, it won’t change for the remainder of your evaluation period. This means that if you were to make $2,500 the next day and your account balance is $52,500, your Trailing Maximum Drawdown will move up to $50,000 and stay there until the account is passed into Step 2, reset or canceled."
https://help.futures.topstep.com/hc/en-us/articles/235514547-What-is-the-Trailing-Maximum-Drawdown-

Thank you for your feedback, brach! I passed on your Micros comment to our product team. And, thank you, Matthew28, for clarifying the max drawdown.

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brach's Avatar
 brach 
Austin, TX
 
Experience: Intermediate
Platform: NT, SC, MT
Trading: NQ, ES, Micros
Posts: 89 since May 2018
Thanks Given: 187
Thanks Received: 269

@matthew28 @Topstep thank you for your replies.

For the max trailing drawdown, I was a bit confused. LeeLoo's doesn't stop trailing during evaluation. Apologies.

Edit: btw, I did see the prior posts about Micros. I was simply adding my voice to the mix for feedback purposes.

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geistflow
Toronto Canada
 
Posts: 30 since Dec 2018
Thanks Given: 23
Thanks Received: 33

Would there happen to be any updates on Topstep's future compatibility with Sierra Chart? I saw a post from the Sierra Chart team on their forum about trying to work out something with Rithmic. (From Jan 6/2021 sierrachart dot com/SupportBoard.php?ThreadID=55799 )

 
 
Rrrracer's Avatar
 Rrrracer 
On the road
Webinar Host
Trading Nomad
 
Experience: Intermediate
Platform: TradingView
Broker: Oanda
Trading: FX
Posts: 2,512 since Feb 2017
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Great question @geistflow, I was wondering the same. Any updates on this @Topstep?

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 tr8er 
Europe
Market Wizard
 
Experience: Advanced
Platform: TradeNavigator, BookMap
Trading: ES, CL, 6E, 6B
Posts: 704 since Jan 2017
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Guys, the problem isn't TopStep, the problem is Sierracharts, they have tried to kick out all the industry-leaders (Rithmic, CQG,....) and don't support them anymore, just to allow their clients to use their own data (denali).

I guess it took a while that they understood that the industry works with or without SC + denali and not support Rithmic, CQG,.. is not just a good idea, it is stupid.

 
 
bobwest's Avatar
 bobwest 
Western Florida
Site Moderator
 
Experience: Advanced
Platform: Sierra Chart
Trading: ES, YM
Frequency: Several times daily
Duration: Minutes
Posts: 8,162 since Jan 2013
Thanks Given: 57,341
Thanks Received: 26,267



geistflow View Post
Would there happen to be any updates on Topstep's future compatibility with Sierra Chart? I saw a post from the Sierra Chart team on their forum about trying to work out something with Rithmic. (From Jan 6/2021 sierrachart dot com/SupportBoard.php?ThreadID=55799 )


Rrrracer View Post
Great question @geistflow, I was wondering the same. Any updates on this @Topstep?


tr8er View Post
Guys, the problem isn't TopStep, the problem is Sierracharts, they have tried to kick out all the industry-leaders (Rithmic, CQG,....) and don't support them anymore, just to allow their clients to use their own data (denali).

I guess it took a while that they understood that the industry works with or without SC + denali and not support Rithmic, CQG,.. is not just a good idea, it is stupid.

I agree with the last three posts. I do understand that SC is not liking Rithmic, or CQG either, and from what they have written over time about technical issues they have had with them I know they have their reasons. But the world will beat a path to their door if they have something better, not if they just withdraw in a huff, as they have been inclined to do....

"Build a better mousetrap, and the world will beat a path to your door" -- attributed to Emerson, apparently wrongly: https://en.wikipedia.org/wiki/Build_a_better_mousetrap,_and_the_world_will_beat_a_path_to_your_door.

Whether their own data and order routing solution is a better mousetrap or not, the world hasn't beaten that path yet. I hope they can be more constructive, because their platform is very good -- but if users can't use it, there's a problem there.

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

On a more positive note, I went to the link posted by @geistflow and trudged through the many posts in the thread until the last one, which I hope is going to be the future:

"Rithmic is actively working on new integration for Sierra Chart using the DTC protocol.

We heard from them as soon as yesterday in regards to technical questions." Full thread is here: https://www.sierrachart.com/SupportBoard.php?ThreadID=55799

(Last date is 1/6/21, unfortunately not that recent. There's nothing more as of now.)

The "DTC protocol" is something invented and pushed by SC, and apparently not widely adopted in the industry, that SC says will fix the issues they have had with Rithmic and others, and open the door to their being willing to support connecting to them again.

We can hope that some industry cooperation takes place and this platform can use these other data feeds again.

@Topstep, please reply if you are aware of this and if you know anything more, and/or if you are at least monitoring the progress. Not having Sierra Chart is losing you potential customers... not your fault, but it's losing them regardless.

Bob.

When one door closes, another opens.
-- Cervantes, Don Quixote

 



Last Updated on January 31, 2023


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