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OneUp Trader / MES Capital / FuturesProfile (the owner lies about his identity)
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OneUp Trader / MES Capital / FuturesProfile (the owner lies about his identity)

  #91 (permalink)
 Vendor: www.orderflowdashpro.com 
North Carolina
 
Futures Experience: Beginner
Platform: NinjaTrader, Tradestation
Favorite Futures: es
 
Posts: 386 since Nov 2011
Thanks: 118 given, 367 received

tl;dr
Shortening my original reply because want to keep the focus on MES. But, the argument "if one can trade well enough" is a type of infinite extrapolation argument. If one can trade well enough then one only needs enough money to take the first trade and then one can just produce exponential returns from that which would be true for a perfect trader who never made any mistakes or had any losing trades. Obviously impossible in real world, if one wanted to achieve some weak semblance of that then binary options do provide for finite risk per trade and if there was a market for them as efficient as futures then they could might well be a much better bet for exponentially growing an account of ability to strictly bound the risk. A prop that offers insignificant starting capital and doesn't scale up risk/capital is also placing the trader in a similar type of situation imo where they need to hit a good winning streak to scale up the capital.

I'm still optimistic that MES might do something good in this space or bring a more competitive offering compared to TST.


Last edited by tpredictor; January 10th, 2017 at 05:54 PM.
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  #92 (permalink)
Elite Member
Ontario
 
Futures Experience: Intermediate
Platform: NinjaTrader
Broker/Data: Mirus/ZF
Favorite Futures: ES, 6E, CL
 
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citikot View Post
If You will visit MES website You will notice that they abandoned evaluation of new traders till February, 2017 and promote completely new scheme and new company called OneUpTrader. I guess that they are going to follow TopStepTrader prop model and decided not to earn money by funded traders but by thouthands of those who are dreaming to get funded ))))


https://mescapitalgroup.com/index.php/inquire-oneup/

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  #93 (permalink)
Elite Member
salt lake utah
 
Futures Experience: Beginner
Platform: Sierra Chart
Broker/Data: CQG
Favorite Futures: ES, ZB
 
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Dang it, no more free trial (was planning to try it again this coming July or August, now never mind)...these guys do really want to compete as far as pretty much copying what TST has to offer as far as risk wise, but better in reward and monthly fee, which is good for funded trader market. Not sure if they have free 14 days free practice account and need to pay additional fee to reset the account (I really hate this part). One thing that TST doing now as far as I'm aware is offering some sort of coaching, not sure if it's free or not)

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  #94 (permalink)
Trading for Profit
Atlanta GA USA
 
Futures Experience: Advanced
Platform: thinkorswim/Ninja Trader
Favorite Futures: stock options; ES, TF, 6E, 6J
 
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rintin2x View Post
Dang it, no more free trial (was planning to try it again this coming July or August, now never mind)...these guys do really want to compete as far as pretty much copying what TST has to offer as far as risk wise, but better in reward and monthly fee, which is good for funded trader market. Not sure if they have free 14 days free practice account and need to pay additional fee to reset the account (I really hate this part). One thing that TST doing now as far as I'm aware is offering some sort of coaching, not sure if it's free or not)

So have they released the new info anywhere yet?

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  #95 (permalink)
Elite Member
Beaverton, Canada
 
Futures Experience: Beginner
Platform: Ninjatrader
Favorite Futures: Currency Futures
 
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rintin2x View Post
Dang it, no more free trial (was planning to try it again this coming July or August, now never mind)...these guys do really want to compete as far as pretty much copying what TST has to offer as far as risk wise, but better in reward and monthly fee, which is good for funded trader market. Not sure if they have free 14 days free practice account and need to pay additional fee to reset the account (I really hate this part). One thing that TST doing now as far as I'm aware is offering some sort of coaching, not sure if it's free or not)

@rintin2x, from their website it does say you can reset your account for $100 (which I think is same as Topstep) and they do offer a 14 day trial. They haven't launched anything yet.

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  #96 (permalink)
Elite Member
salt lake utah
 
Futures Experience: Beginner
Platform: Sierra Chart
Broker/Data: CQG
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Sk8ter View Post
@rintin2x, from their website it does say you can reset your account for $100 (which I think is same as Topstep) and they do offer a 14 day trial. They haven't launched anything yet.

Ah...thank you, I missed that part...well, the whole thing can be quite expensive with the whole resetting the account $100 each time on top of the monthly fee. Of course I don't need to reset and just keep paying monthly, but that means I have zero chance of getting funded. So why I need to keep paying $150 minimum for something I have zero chance of getting when I can open up a live account and can sim the heck out of it for very low monthly fee? At least for me, live trading is more nerve wracking than taking a combine, and I believe it helps me grow faster, heck you can even just trade once a month and set your limit stop order to 2.5 points (ES) and still cheaper than $150+reset/month.

That's why despite of how bad the owner of MES is viewed in this site, it's still a better bet because it was free after all. But as I said on my first post...won't even going to do it since they are starting to charge for it.

FYI, they still haven't made the website available to start the combine.
FYI, all what I said earlier of course doesn't imply to the already funded traders, because you've made it, and congrats to you.

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  #97 (permalink)
Elite Member
Santa Fe, NM United States
 
Futures Experience: Intermediate
Platform: NinjaTrader, MarketDelta
Favorite Futures: ES
 
Posts: 5 since Aug 2012
Thanks: 7 given, 1 received

It looks like there is no "Funded Trader Prep" with an entirely different set of rules, and a second month of evaluation.


Last edited by ABQJuan; March 31st, 2017 at 10:41 AM. Reason: Typo
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  #98 (permalink)
Elite Member
salt lake utah
 
Futures Experience: Beginner
Platform: Sierra Chart
Broker/Data: CQG
Favorite Futures: ES, ZB
 
rintin2x's Avatar
 
Posts: 287 since Jun 2016
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ABQJuan View Post
It looks like there is no "No Funded Trader Prep" with an entirely different set of rules, and a second month of evaluation.

Yes, you're correct. Just noticed it, i just checked their Q&A and they said "after your exchange fees are paid" i wonder if they are paying for this because somebody said MES did before.

Anyway, it's good they are using oneup because now it's really measurable and there are no gray area anymore. I read many stories where traders pass the objective but still not being funded for no reasons and explanation.

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  #99 (permalink)
Elite Member
Wiltshire, United Kingdom
 
Futures Experience: Beginner
Platform: daytradr
Broker/Data: Working on a TST combine
Favorite Futures: ES
 
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rintin2x View Post
Ah...thank you, I missed that part...well, the whole thing can be quite expensive with the whole resetting the account $100 each time on top of the monthly fee. Of course I don't need to reset and just keep paying monthly, but that means I have zero chance of getting funded. So why I need to keep paying $150 minimum for something I have zero chance of getting ......

Or if you actually still want to try and get funded, if you fail the Combine you don't reset for $100, you just cancel the automatic renewal and sim trade practice for the rest of the month based on what you learnt from blowing up the Combine. Then start a new Combine when the previous one expires at the end of the month. It is very easy to cancel a Combine subscription in the Log In user section.

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  #100 (permalink)
Elite Member
salt lake utah
 
Futures Experience: Beginner
Platform: Sierra Chart
Broker/Data: CQG
Favorite Futures: ES, ZB
 
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Posts: 287 since Jun 2016
Thanks: 230 given, 174 received


@Thomas T you sounds like advertisement, are you them?

@matthew28 sorry this is gonna be a long one. cant deny i still have hope to go back (unfinished business) and giving it another try in mes, but not tst. I confess i already tried the combine about 4 times and with several resets, and just realized it's way too expensive and very addicting way to get funded, so i had enough. What you said is true you can always close the account and try again next month, but if you're like almost other people, you tend to reset couple of times first before closing the account especially if you blow up the account on the first week or two. I really think they are very clever inventing that part. It's the noob type of thinking "miss time miss opportunity" because i rarely seen tst combine trader just stop trading one or two trades (1 lot), this behaviour is enforced because you have a time limit to achive the goal before paying up again for the next biling cycle.

I really feel these venues are for people that are actually already profitable and good, not for newer trader, but hey thats what i think anyway. This hold true for either tst or oneup.

Another part i want to mention is the funded guys sooner or later will leave them because they dont like paying what they earned, just think about it. 20% is a lot. It's just hard not thinking about leaving once you become profitable.


Last edited by rintin2x; April 1st, 2017 at 11:53 AM.
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