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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)

  #131 (permalink)
Elite Member
Canada
 
Futures Experience: Intermediate
Platform: NinjaTrader & Jigsaw
Broker/Data: Rithmic
Favorite Futures: ZB UB
 
Posts: 141 since Dec 2016
Thanks: 84 given, 58 received

I called oneuptrader today and they said that theyre going to try to get their system up in the next few days - so much for that 50% discount. TAKE NOTE: i asked them what consistency means and the lady said it means not hitting your goal one day and then opening and closing a one contract trade the rest of the days. However, she also pointed out that its completely up to the funding partners discretion. So much for transparent evaluation. It was made clear that any combine win can be overturned by the funding partners.

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  #132 (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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  #133 (permalink)
Elite Member
Beaverton, Canada
 
Futures Experience: Beginner
Platform: Ninjatrader
Favorite Futures: Currency Futures
 
Posts: 123 since Dec 2012
Thanks: 1,065 given, 118 received



Raider View Post
I called oneuptrader today and they said that theyre going to try to get their system up in the next few days - so much for that 50% discount. TAKE NOTE: i asked them what consistency means and the lady said it means not hitting your goal one day and then opening and closing a one contract trade the rest of the days. However, she also pointed out that its completely up to the funding partners discretion. So much for transparent evaluation. It was made clear that any combine win can be overturned by the funding partners.

@Raider, that's exactly how MES Capital did it so Oneup seems to be no different. You could meet the profit requirements but still get turned down for funding with no reasons provided.

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  #134 (permalink)
 Vendor: www.orderflowdashpro.com 
North Carolina
 
Futures Experience: Beginner
Platform: NinjaTrader, Tradestation
Favorite Futures: es
 
Posts: 215 since Nov 2011
Thanks: 47 given, 206 received

Provided they do provide a clear and rational explanation and state it upfront, it seems fair to me and better then having to pass the goals a second time like in the TST FTP. And, of course given that doing that will hurt their reputation, I suspect they will be rather judicious in this regards-- and keep in mind that MES did not charge anything. Either the beginner or the professional account with 80% split looks like the best options for me.

I will most-likely sign up if I can get it. But won't be able to trade 3 accounts concurrently, so will probably only take the best trades in my live and switch focus to the Oneup/TST accounts.


Raider View Post
I called oneuptrader today and they said that theyre going to try to get their system up in the next few days - so much for that 50% discount. TAKE NOTE: i asked them what consistency means and the lady said it means not hitting your goal one day and then opening and closing a one contract trade the rest of the days. However, she also pointed out that its completely up to the funding partners discretion. So much for transparent evaluation. It was made clear that any combine win can be overturned by the funding partners.


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  #135 (permalink)
Elite Member
Canada
 
Futures Experience: Intermediate
Platform: NinjaTrader & Jigsaw
Broker/Data: Rithmic
Favorite Futures: ZB UB
 
Posts: 141 since Dec 2016
Thanks: 84 given, 58 received

@tpredictor fair enough fair enough. I'm just a bitch sketched out by them. One thing I can't understand that threw me off a bit is that they made commissions $5 a round turn? In every single major instrument the commission is much less than that, and I think it's pretty unfair to bond traders where it's not unreasonable to get a commission rate of $2.50. Effectively what this does is make very short term scalping the 5 year very hard $5 commission & a 7.8125 ticker and it makes trading ZN much harder. Essentially that commission is 1/3 of a tick in ZN, so for example with my expectancy of around 1.1 tick per contract per trade, this instantly becomes about 0.7 or 0.8 per contract per trade. Which makes it much harder to trade these products. I'm not a fan of tst's flat commission of $3.68 but it's looking a whole lot better in comparison to oneuptrader's $5 commission rate which is pretty much double live commissions. I'm not saying it makes it impossible, just harder. Idk has anyone else realized the commission rate is high? Maybe it's just me


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  #136 (permalink)
 Vendor: www.orderflowdashpro.com 
North Carolina
 
Futures Experience: Beginner
Platform: NinjaTrader, Tradestation
Favorite Futures: es
 
Posts: 215 since Nov 2011
Thanks: 47 given, 206 received

Yes, it does state $2.50/side for all products for the evaluation. The live fees are here: Knowledge base | OneUp Trader Help Desk
These are all-in which do not seem that bad in the live. If I calculated Tradestation's fees properly, I get around $4.75/round for ES all-in versus $4.08 ONEUP live for $5 sim. The ZN/ZB is only $3.22 vs $5 all in. So as long as you can profit more then $2-3/trade you should be okay. Absolutely agree that in general though fees/commission make it very difficult to do the style of trading required to pass these things with any confidence. Granted the real risk with this style of trading is that if your precision exceeds your accuracy, you are guaranteed losers. Given that to pass with any confidence, you need to keep your risk below say $70 per trade and even better at around $25/per trade.. Now keep in mind it's almost impossible to build any sort of trading system that can profit consistently with less then say a $500 stop loss and you can see what your up against. I'm trying to get my risk down to 2-3 ticks per trade. Of course, you can take more risk per trade but then it only takes a few couple losers and you'll have hit either the trailing loss or the initial loss.

I'd, also, like to see them release a calendar and specific time before and after like TST does for the reports that one needs to be flat for.


Raider View Post
@tpredictor fair enough fair enough. I'm just a bitch sketched out by them. One thing I can't understand that threw me off a bit is that they made commissions $5 a round turn? In every single major instrument the commission is much less than that, and I think it's pretty unfair to bond traders where it's not unreasonable to get a commission rate of $2.50. Effectively what this does is make very short term scalping the 5 year very hard $5 commission & a 7.8125 ticker and it makes trading ZN much harder. Essentially that commission is 1/3 of a tick in ZN, so for example with my expectancy of around 1.1 tick per contract per trade, this instantly becomes about 0.7 or 0.8 per contract per trade. Which makes it much harder to trade these products. I'm not a fan of tst's flat commission of $3.68 but it's looking a whole lot better in comparison to oneuptrader's $5 commission rate which is pretty much double live commissions. I'm not saying it makes it impossible, just harder. Idk has anyone else realized the commission rate is high? Maybe it's just me


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Last edited by tpredictor; June 13th, 2017 at 07:48 PM.
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  #137 (permalink)
Elite Member
Canada
 
Futures Experience: Intermediate
Platform: NinjaTrader & Jigsaw
Broker/Data: Rithmic
Favorite Futures: ZB UB
 
Posts: 141 since Dec 2016
Thanks: 84 given, 58 received

@tpredictor well apparently u can trade anything on the live account 15 seconds after the release. 15 seconds before and after u have to be flat. In general the commission just makes it harder to pass in a single month which may just be them making it hard + more profitable. Btw out of curiosity... how r u paying $4.75 a rt for ES? Have u ever thought about a seat + tradeovate or stage 5? That'd pretty much cut your cost in half or less


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  #138 (permalink)
Site Administrator
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Futures Experience: Advanced
Platform: My own custom solution
Favorite Futures: E-mini ES S&P 500
 
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Posts: 46,041 since Jun 2009
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All posts for "Oneup trader" don't belong in this thread, to the best of my knowledge, as they are off topic.

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Due to time constraints, please do not PM me if your question can be resolved or answered on the forum.

Need help?
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2) Start a journal and post to it daily with the trades you made to show your strengths and weaknesses.
3) Set goals for yourself to reach daily. Make them about how you trade, not how much money you make.
4) Accept responsibility for your actions. Stop looking elsewhere to explain away poor performance.
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  #139 (permalink)
Trading Apprentice
Antwerp
 
Futures Experience: Advanced
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Raider View Post
I called oneuptrader today and they said that theyre going to try to get their system up in the next few days - so much for that 50% discount. TAKE NOTE: i asked them what consistency means and the lady said it means not hitting your goal one day and then opening and closing a one contract trade the rest of the days. However, she also pointed out that its completely up to the funding partners discretion. So much for transparent evaluation. It was made clear that any combine win can be overturned by the funding partners.

I also contacted OneUp and they said the 50% discount will be extended for a few more day's.

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  #140 (permalink)
Site Administrator
Manta, Ecuador
 
Futures Experience: Advanced
Platform: My own custom solution
Favorite Futures: E-mini ES S&P 500
 
Big Mike's Avatar
 
Posts: 46,041 since Jun 2009
Thanks: 29,184 given, 82,293 received



Big Mike View Post
All posts for "Oneup trader" don't belong in this thread, to the best of my knowledge, as they are off topic.

Sent using the futures.io mobile app

I've been told OneUp is the same company as MES, so it is in fact on topic.

Sent using the futures.io mobile app

Due to time constraints, please do not PM me if your question can be resolved or answered on the forum.

Need help?
1) Stop changing things. No new indicators, charts, or methods. Be consistent with what is in front of you first.
2) Start a journal and post to it daily with the trades you made to show your strengths and weaknesses.
3) Set goals for yourself to reach daily. Make them about how you trade, not how much money you make.
4) Accept responsibility for your actions. Stop looking elsewhere to explain away poor performance.
5) Where to start as a trader? Watch this webinar and read this thread for hundreds of questions and answers.
6)
Help using the forum? Watch this video to learn general tips on using the site.

If you want
to support our community, become an Elite Member.

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