OneUp Trader / MES Capital / FuturesProfile (the owner lies about his identity) - Trading Reviews and Vendors | futures io social day trading
futures io futures trading


OneUp Trader / MES Capital / FuturesProfile (the owner lies about his identity)
Updated: Views / Replies:44,099 / 227
Created: by sas75 Attachments:15

Welcome to futures io.

(If you already have an account, login at the top of the page)

futures io is the largest futures trading community on the planet, with over 90,000 members. At futures io, our goal has always been and always will be to create a friendly, positive, forward-thinking community where members can openly share and discuss everything the world of trading has to offer. The community is one of the friendliest you will find on any subject, with members going out of their way to help others. Some of the primary differences between futures io and other trading sites revolve around the standards of our community. Those standards include a code of conduct for our members, as well as extremely high standards that govern which partners we do business with, and which products or services we recommend to our members.

At futures io, our focus is on quality education. No hype, gimmicks, or secret sauce. The truth is: trading is hard. To succeed, you need to surround yourself with the right support system, educational content, and trading mentors Ė all of which you can find on futures io, utilizing our social trading environment.

With futures io, you can find honest trading reviews on brokers, trading rooms, indicator packages, trading strategies, and much more. Our trading review process is highly moderated to ensure that only genuine users are allowed, so you donít need to worry about fake reviews.

We are fundamentally different than most other trading sites:
  • We are here to help. Just let us know what you need.
  • We work extremely hard to keep things positive in our community.
  • We do not tolerate rude behavior, trolling, or vendors advertising in posts.
  • We firmly believe in and encourage sharing. The holy grail is within you, we can help you find it.
  • We expect our members to participate and become a part of the community. Help yourself by helping others.

You'll need to register in order to view the content of the threads and start contributing to our community.  It's free and simple.

-- Big Mike, Site Administrator

Reply
 15  
 
Thread Tools Search this Thread
 

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

  #211 (permalink)
Elite Member
Ann Arbor, Michigan
 
Futures Experience: Master
Platform: Tradovate, NT
Broker/Data: CQG/TT
Favorite Futures: CL, VX, ES
 
AI3000's Avatar
 
Posts: 50 since Aug 2009
Thanks: 5 given, 30 received


hoolio View Post
I thought I'd expand on my second point above, which applies equally to OneUp and Topstep.



One of my biggest issues with this approach is that if you have any fear of loss then by going the combine route you are in real danger of expounding or sidestepping that fear and making it harder to deal with later on.



I'll give you an example that applies to me.

When I did the combines, I'd be fine and then I would just have one of those sub sessions, usually about 10 minutes or less when I'd get into a fixed mindset and blow through $500 on a few trades mostly due to the fixed mindset and partly due to sloppiness in not following your processes correctly.



There is no real punishment for that. Sure, you have blown your subscription but you treat that as a subscription cost inside your head and avoid dealing with the loss. It does not help you with the underlying issue as you don't deal with the true consequence of your actions. All successful traders have had to deal with this properly.



Secondly, the whole idea of a subscription can put you into the wrong mentality entirely. It almost becomes a race inside your head to get to the end of the combine before the next subscription is due. No matter what Topstep's slogan is about patience, the truth is you feel you are in a race. This does not encourage good trading behaviour. In my opinion, it's far better to sit on your hands if the conditions are not right rather than trying to grind out trades to meet some deadline. That never works.



I'm happy to answer any PMs with specific questions about combines. Don't get me wrong, I see it as an educational process that you do learn things about yourself but I don't see it as good business practise for yourself as an aspiring trader.



Couldn't agree more ... Also the stupid part is their cutoff at 430 why???!!! What if you have a successful swing trading system and looking for funds!! I don't think these services are truly meant to help traders. I believe that even when you pass a combine I bet you they still don't fund you, I bet is still a sim account they just pay you want you make if you.make something and look to take you our as soon as they can for breaking stupid rules.

Another dumb rule is when you hit the drawdown ... Why not let the Trader at minimum until the end of the day to see of he violates that drawdown amount !!! The whole thing is designed to work against you. It's truly a hamster wheel.



Sent from my iPhone using futures.io

Reply With Quote
The following user says Thank You to AI3000 for this post:
 
  #212 (permalink)
Elite Member
Wiltshire, United Kingdom
 
Futures Experience: Beginner
Platform: daytradr
Broker/Data: Working on a TST combine
Favorite Futures: ES
 
matthew28's Avatar
 
Posts: 374 since Sep 2013
Thanks: 339 given, 429 received


AI3000 View Post
Couldn't agree more ... Also the stupid part is their cutoff at 430 why???!!! What if you have a successful swing trading system and looking for funds!! I don't think these services are truly meant to help traders. I believe that even when you pass a combine I bet you they still don't fund you, I bet is still a sim account they just pay you want you make if you.make something and look to take you our as soon as they can for breaking stupid rules.

Another dumb rule is when you hit the drawdown ... Why not let the Trader at minimum until the end of the day to see of he violates that drawdown amount !!! The whole thing is designed to work against you. It's truly a hamster wheel.



Sent from my iPhone using futures.io

The 4.30 cutoff is clearly so the traders only use day trading margin. If somebody is a swing trader and wants to get funded somewhere then they shouldn't waste their time and money doing the tests for clearly stated day trading firms.

The bit about it being a scam and they keep you on a sim account while pretending you're live is just ridiculous.

What would be the point of a drawdown limit if one could exceed it and it was only called at the end of the day. Somebody with so little concern for risk would just double down and blow their whole account. Especially at the start of a funded account when it wouldn't be their money anyway they probably wouldn't be the sort of person that would care less about potentially throwing away all of somebody elses.

You don't sound like a master trader, more like somebody who can't pass a Combine blaming the company.

Whether you believe you can do a thing or not, you're right - Henry Ford
Reply With Quote
 
  #213 (permalink)
Elite Member
Ann Arbor, Michigan
 
Futures Experience: Master
Platform: Tradovate, NT
Broker/Data: CQG/TT
Favorite Futures: CL, VX, ES
 
AI3000's Avatar
 
Posts: 50 since Aug 2009
Thanks: 5 given, 30 received

it's not personal



matthew28 View Post
The 4.30 cutoff is clearly so the traders only use day trading margin. If somebody is a swing trader and wants to get funded somewhere then they shouldn't waste their time and money doing the tests for clearly stated day trading firms.

The bit about it being a scam and they keep you on a sim account while pretending you're live is just ridiculous.

What would be the point of a drawdown limit if one could exceed it and it was only called at the end of the day. Somebody with so little concern for risk would just double down and blow their whole account. Especially at the start of a funded account when it wouldn't be their money anyway they probably wouldn't be the sort of person that would care less about potentially throwing away all of somebody elses.

You don't sound like a master trader, more like somebody who can't pass a Combine blaming the company.

Why have a cut off when you have a limit position size and most of the time you are controlling 150-300k? The truth is even you get funded I bet is less than 3k (this is simple math) so their risk is very minimal is just a pie in the sky that they are selling (controlling 150/300k) when position and risk limits are a tiny fraction.

If you double down you will blow up anyways so why not let the trader have a chance?

I don't know what a master trader is but if it means trading for over 10 years (started in 2005) have tried almost every technique in the book (order flow, VP/MP, technical and algorithmic trading) also work for energy trading company then that's me. If not then I can change my level to whatever.

It's true I cannot pass a COMBINE, i dont think its designed to be passed. However im more than willing to give you the same parameters (even better ones) as long as you pay me the monthly fee. I can set up a SIM account with tradovate and we can both have access and as long as you follow those rules ill fund you.

Now onto real money and real accounts here is mine (if you want hard statements i can provide those as well)

Attached Thumbnails
OneUp Trader / MES Capital / FuturesProfile (the owner lies about his identity)-capture-performance.png  

Last edited by AI3000; October 10th, 2017 at 11:01 AM.
Reply With Quote
The following 5 users say Thank You to AI3000 for this post:
 
  #214 (permalink)
Market Wizard
Germany
 
Futures Experience: Intermediate
Platform: Other
Favorite Futures: ES, YM, 6E
 
Posts: 2,611 since Feb 2013
Thanks: 4,829 given, 6,374 received
Forum Reputation: Legendary

@AI3000

Regardless of the vendor, typical plans are directed at scalpers and their short-term, low-budget risk profiles.
Compared with that your holding periods of winning and losing trades are beyond the realms of phantasy.
From an OTF point of view (which e.g. people like me prefer) your snapshot looks very ok -
esp in the light of 2017's lack of ES volatility (a little less if the trades were mainly CL).

People with such profiles are normally much better off if they do it on their own (if they can do it consistently).

Reply With Quote
The following 3 users say Thank You to choke35 for this post:
 
  #215 (permalink)
Slow Learner, Slow Burner
Melbourne, Australia
 
Futures Experience: Intermediate
Platform: NT8, Multicharts
Broker/Data: CQG, IB
Favorite Futures: NQ,RTY,CL,GC,6E,ZB
 
Posts: 92 since Mar 2013
Thanks: 80 given, 45 received


AI3000 View Post
Now onto real money and real accounts here is mine

AI300, are those the stats that Tradovate provides to customers ?

I'm curious as I am looking at a couple of brokers at the moment.
My only issue with Tradovate is that I could not take any strategies (eg Bloodhound or manually coded) from Ninja and use them in Tradovate.

Cheers

Reply With Quote
 
  #216 (permalink)
Elite Member
Ann Arbor, Michigan
 
Futures Experience: Master
Platform: Tradovate, NT
Broker/Data: CQG/TT
Favorite Futures: CL, VX, ES
 
AI3000's Avatar
 
Posts: 50 since Aug 2009
Thanks: 5 given, 30 received


hoolio View Post
AI300, are those the stats that Tradovate provides to customers ?



I'm curious as I am looking at a couple of brokers at the moment.

My only issue with Tradovate is that I could not take any strategies (eg Bloodhound or manually coded) from Ninja and use them in Tradovate.



Cheers



Yep those are directly from tradovate, you are correct that currently itís not very good platform for customization but they are making progress.


Sent from my iPhone using futures.io

Reply With Quote
 
  #217 (permalink)
Elite Member
North vancouver
 
Futures Experience: Beginner
Platform: Ninjatrader, Firetip
Favorite Futures: ES YM
 
Posts: 82 since Oct 2016
Thanks: 63 given, 15 received


Zambi View Post
Hi Kristi. To put your mind at ease: I passed the Evaluation and OneUp did honour the agreement as you put it. It was actually a very smooth process, an almost no-questions-asked kind of thing, except for a very, very general questionnaire which doesn't even ask how long you've been trading.







I did get funded and I can report that the operation is "legit". As I mentioned, it was actually very smooth and pleasant.

I think one reason why they've made it so easy is that they're not really risking any big money on you, and once you've made enough profit to cover the maximum allowed drawdown, it becomes virtually riskless for them as the posts around page 10 of this thread rightly point out.


Is maximum drawdown an unrealized pnl or a realized pnl? on the website it says "real time". I emailed the support and they are not giving me clear answer despite I even gave them an example.

So if the price moves in your direction +$300 (unrealized pnl) which is your profit target that does not get filled, and moves opposite direction. You settle for +$150 (realized). My question is does your so called "real time" trailing drawdown move up +$300 initial drawdown or +$150 initial drawdown?

Can you answer this question please?

Reply With Quote
The following user says Thank You to skfutures for this post:
 
  #218 (permalink)
Trading for Fun
Antwerp
 
Futures Experience: Advanced
Platform: Rithmic Pro
Favorite Futures: GC & ZB
 
Posts: 68 since Jun 2016
Thanks: 11 given, 30 received


skfutures View Post
Is maximum drawdown an unrealized pnl or a realized pnl? on the website it says "real time". I emailed the support and they are not giving me clear answer despite I even gave them an example.

So if the price moves in your direction +$300 (unrealized pnl) which is your profit target that does not get filled, and moves opposite direction. You settle for +$150 (realized). My question is does your so called "real time" trailing drawdown move up +$300 initial drawdown or +$150 initial drawdown?

Can you answer this question please?

The "real time" trailing drawdown in your example would move up +300$.


Last edited by RDK91; October 18th, 2017 at 01:15 PM.
Reply With Quote
The following 3 users say Thank You to RDK91 for this post:
 
  #219 (permalink)
Trading Apprentice
Scottsdale
 
Futures Experience: Advanced
Platform: TradeStation
Favorite Futures: ES, YM
 
Posts: 21 since Nov 2010
Thanks: 2 given, 12 received


skfutures View Post
Is maximum drawdown an unrealized pnl or a realized pnl? on the website it says "real time". I emailed the support and they are not giving me clear answer despite I even gave them an example.

So if the price moves in your direction +$300 (unrealized pnl) which is your profit target that does not get filled, and moves opposite direction. You settle for +$150 (realized). My question is does your so called "real time" trailing drawdown move up +$300 initial drawdown or +$150 initial drawdown?

Can you answer this question please?


RDK91 View Post
The "real time" trailing drawdown in your example would move up +300$.

Hi Skfutures.

RDK's answer above is correct.

Weird as it sounds, a positive run-up in your trade actually works against you in the long run. But that's how hamster wheels work I suppose

Reply With Quote
The following user says Thank You to Zambi for this post:
 
  #220 (permalink)
Elite Member
greensburg,Pa
 
Futures Experience: Advanced
Platform: NinjaTrader
Favorite Futures: CL
 
Posts: 2 since Oct 2015
Thanks: 0 given, 5 received

Negative experience with OneUpTrader


Hello,

I have worked with TST before and thought that I would try out OneUpTrader. It seemed a better deal for many reasons. I joined the beginner program with the 50K account. I knew that I had a 1200 daily and max draw of 2500. I was up 1000 and then lost down to (-500) over a few days and NOT over one day. Then they froze my account. I emailed them assuming it was just a clerical error and they would fix it. It was then that I discovered how they calculate drawdown. They do NOT calculate draw down by subtracting highest amount while flat minus lowest amount while flat. They calculate the high based on intra trade gains. In other words, if you are up 500 in a trade and price moves against you such that you only profit 250.. your trail amount just went up 500. I called them and stated that I did not agree with how they calculated their trail as it they should base their trail amount on profit after liquidation and not based on intra trade profit. He said that is all explained in the documents I signed and if I wanted to cont trading I would need to reset my account for 100 dollars. I told him that OneUpTrader would not see another dime of my money.

I just wanted all you traders out there to know to STAY AWAY from OneUpTrader. They are there to take your monthly subscription and make profits off of this...not funding traders.

Steven

Reply With Quote
The following 2 users say Thank You to sdp1969 for this post:

Reply



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

Thread Tools Search this Thread
Search this Thread:

Advanced Search



Upcoming Webinars and Events (4:30PM ET unless noted)

Adam Grimes: TBA

Elite only

NinjaTrader: TBA

Dec 7

Linda Bradford Raschke: TBA

Elite only

Ran Aroussi: TBA

Elite only
     

Similar Threads
Thread Thread Starter Forum Replies Last Post
MES Capital trader1111 Trading Reviews and Vendors 2 November 24th, 2015 01:41 PM
Identity crisis when switching to full time trader Narcissus Psychology and Money Management 23 November 19th, 2015 03:29 AM
Florida Hit by 'Tsunami' of Tax Identity Fraud Quick Summary News and Current Events 0 February 17th, 2013 12:20 PM
Home owner forecloses on BANK kbit Off-Topic 5 June 10th, 2011 12:41 PM
AP NewsBreak: Taxpayer identity theft is soaring kbit Off-Topic 0 June 1st, 2011 07:42 PM


All times are GMT -4. The time now is 03:49 PM.

Copyright © 2017 by futures io, s.a., Av Ricardo J. Alfaro, Century Tower, Panama, +507 833-9432, info@futures.io
All information is for educational use only and is not investment advice.
There is a substantial risk of loss in trading commodity futures, stocks, options and foreign exchange products. Past performance is not indicative of future results.
no new posts
Page generated 2017-11-18 in 0.07 seconds with 19 queries on phoenix via your IP 54.224.168.206