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

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  #231 (permalink)
 CACFUTURE 
Paris + FRANCE
 
Experience: Advanced
Platform: NT/TT
Trading: 6E, 6B, CL
 
Posts: 9 since Sep 2013
Thanks: 232 given, 53 received

Hi all,
I know that has been said before but this trailing stop is rather annoying when doing a combine.
I was short a few CL lots, the market went my way by 15 ticks, decided to put a breakeven stop after that....and decided to close the position at the pit close. The market continued to fall and at a time, I was +40 ticks....The market then retraced and hit my breakeven stop. Stuff happens.......BUT when I tried to go long a few minutes after, the system closed my position automatically after a 3 ticks loss !!!
I do not see the point in being punished like this : not all strategies require to exit at +30 or +40 ticks.....how many times CL goes your way, retraces, and continue the initial trend with force. I do not see there bad trading behavior.
So a bit angry with this way of doing.
Best

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  #232 (permalink)
 rintin2x 
salt lake utah
 
Experience: Beginner
Platform: Sierra Chart
Broker: CQG
Trading: ES
 
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Posts: 541 since Jun 2016
Thanks: 634 given, 533 received

@CACFUTURE If I understand you correctly, you are already up $400/contract. Please donít get me wrong, but you were 43 ticks away from trailing dd? Thatís basically saying you have $430 left on your account and away from being cut from the combine. Why didnít buy back most of it and left 1 or 2 contracts for breakeven? The trailing DD is annoying I agree, hope they can change it like TST.

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  #233 (permalink)
 CACFUTURE 
Paris + FRANCE
 
Experience: Advanced
Platform: NT/TT
Trading: 6E, 6B, CL
 
Posts: 9 since Sep 2013
Thanks: 232 given, 53 received


Because sadly I was not aware of this rule at thť time....Rookie error for
SŻre but I have difficulties in understanding the point of this rule.
Why should I exit a 40 ticks winner if I expect +100 ? By exiting at breakeven,
I respected money management principles....and I lost my combine by doing this.

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  #234 (permalink)
 rintin2x 
salt lake utah
 
Experience: Beginner
Platform: Sierra Chart
Broker: CQG
Trading: ES
 
rintin2x's Avatar
 
Posts: 541 since Jun 2016
Thanks: 634 given, 533 received

This should be my last post about 1up unless there are questions. What set 1up apart from tst is that 1up doesn’t penalized the trader if you hit daily loss limit, so it gives you chances to redeem yourself and pass the evaluation. I believe tst make you to reset it for $100 unless you don’t want to get the funding (correct me if i’m wrong).

So who wins:
- cost: 1up
- minimum trading days: tst
- daily stop limit: 1up
- trailing dd: tst
- availability to keep practicing once you hit your dd: tst
- account size: both BS
- data fee after funded: 1up
- consistency rule: tst
- funded trader resposibility: 1up, i heard tst make you to be active in their chatroom and got call all the time.
- stages on getting funded: 1up
- account analytics: i like tst better
- customer service: tst (phone availability)

Now i need to start paying sierra chart since got the funding account today, wish i can use it free from my live account, tried and not working.

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  #235 (permalink)
 rintin2x 
salt lake utah
 
Experience: Beginner
Platform: Sierra Chart
Broker: CQG
Trading: ES
 
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Posts: 541 since Jun 2016
Thanks: 634 given, 533 received

And here's the prove. A bit embarrassing posting this result but just want to make my point on the previous post. Just needed 3 more ticks to pass in 3 days to make it 15 days min (1 tick/day), but got too nervous and lost $750 (I'm surprise they didn't liquidate my position right away), but earned back $600 something on the next day.

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  #236 (permalink)
 ernesto1972 
orlando, florida
 
Experience: Advanced
Platform: ninjatrader
Trading: ES
 
Posts: 2 since Oct 2014
Thanks: 0 given, 1 received

Withdrawal Threshold for OneUp that is posted in their site:

In order to allow a true chance for success and to limit your risk of drawdowns during withdrawals and to secure the longevity of your trading account, traders are required to adhere to the withdrawal thresholds to be eligible for withdrawals.

$25,000 = Withdrawal Profit Threshold $1,500
$50,000 = Withdrawal Profit Threshold $2,500
$100,000 = Withdrawal Profit Threshold $3,500
$150,000 = Withdrawal Profit Threshold $5,000
$250,000 = Withdrawal Profit Threshold $5,500

lt's like they don't want you to withdraw and pay yourself as you are profiting. 50k account if up $2,800 you can only
withdraw $300. Ohh wait a minute, withdrawal requests are subject to a minimum transfer of $1,000.
Come on REALLY???

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  #237 (permalink)
 dyst 
Singapore
 
Experience: Intermediate
Platform: NinjaTrader, Sierra, MT4
Trading: ES, CL, NG, XAUUSD, USDJPY
 
dyst's Avatar
 
Posts: 109 since May 2015
Thanks: 75 given, 91 received


rintin2x View Post
And here's the prove. A bit embarrassing posting this result but just want to make my point on the previous post. Just needed 3 more ticks to pass in 3 days to make it 15 days min (1 tick/day), but got too nervous and lost $750 (I'm surprise they didn't liquidate my position right away), but earned back $600 something on the next day.

Thanks for sharing your experience.

Btw, did you manage to withdraw some profit from them yet? No difficulties?

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  #238 (permalink)
 rintin2x 
salt lake utah
 
Experience: Beginner
Platform: Sierra Chart
Broker: CQG
Trading: ES
 
rintin2x's Avatar
 
Posts: 541 since Jun 2016
Thanks: 634 given, 533 received


dyst View Post
Thanks for sharing your experience.

Btw, did you manage to withdraw some profit from them yet? No difficulties?

Unfortunately no i didnít make any profit lol. For some reason just canít perform well after but i believe i know what happened.

Instead of giving excuses, if i have another opportunity to redo it, i need to make some adjustment on my trading time habit.

Wish you all the best if youíre doing it now!

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  #239 (permalink)
 dyst 
Singapore
 
Experience: Intermediate
Platform: NinjaTrader, Sierra, MT4
Trading: ES, CL, NG, XAUUSD, USDJPY
 
dyst's Avatar
 
Posts: 109 since May 2015
Thanks: 75 given, 91 received


rintin2x View Post
Unfortunately no i didnít make any profit lol. For some reason just canít perform well after but i believe i know what happened.

Instead of giving excuses, if i have another opportunity to redo it, i need to make some adjustment on my trading time habit.

Wish you all the best if youíre doing it now!

Hiya

No problem and really appreciate you being honest here. Tbh, other people also warned me how that would happen once/if I get funded so... I am still fine-tuning my strategies here (haven't gone for their test yet). I am also trying to get used to the idea of drawdown calculated from intraday high (after reading through the comments). That rule strikes me as "strange" yet on the other hand, I can understand why they impose it

ps: one good thing is they do reply really fast to email queries, especially during US session.

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  #240 (permalink)
 rintin2x 
salt lake utah
 
Experience: Beginner
Platform: Sierra Chart
Broker: CQG
Trading: ES
 
rintin2x's Avatar
 
Posts: 541 since Jun 2016
Thanks: 634 given, 533 received



dyst View Post
Hiya

No problem and really appreciate you being honest here. Tbh, other people also warned me how that would happen once/if I get funded so... I am still fine-tuning my strategies here (haven't gone for their test yet). I am also trying to get used to the idea of drawdown calculated from intraday high (after reading through the comments). That rule strikes me as "strange" yet on the other hand, I can understand why they impose it

ps: one good thing is they do reply really fast to email queries, especially during US session.

Well, just my own opinion here, why do you care the dd is calculated live or at the end of the day? If you trade well, you shouldnít even need to worry about dd. If you keep losing money, then it doesnít matter because soon or later you will get cut anyway.

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