The 50% split. Basically the cheapest that they offered. I was among the first to raise concerns about their legitimacy when they started OneUp. Figured I'd have a go at it since TST's FTP makes little sense to me. Worst case scenario I'm out like a hundred bucks and a bit of my time.
One week into the trial, things are going somewhat smooth. Their order queue system seems totally simulated since my trades are getting executed instantaneously. Even in the TST combine you feel a very "real" lag to your order execution which I have not experienced here so far. Its like trading with the ninja demo account.
The following 2 users say Thank You to ticktrooper for this 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.
The following 5 users say Thank You to Zambi for this post:
My personal experience was that the datafeed is terrible, even if only used as a DOM, and that the whole thing looks like a cheap no frills replica of Topsstep.
I would not recommend this service or the customer support.
Your money is far better spent on micro-futures or the equivalent in CFDs if legal in your jurisdiction.
You learn a lot more with real money on the line rather than being someone else's hamster on a wheel where you feel you are in some kind of race before next month's subscription is due
As far as I know, Sim and Production(live) are sitting on two separate servers, so they could have difference in latency.
This is just an assumption (but a reasonable one): if I had a Production and a Sim server, I would put more resources to Production. Latency with real accounts and money is more important than sim, and carries a different obligation and liability. Again, this is just my opinion.
Matt Z
Optimus Futures
There is a substantial risk of loss in futures trading. Past performance is not indicative of future results.
Trading futures and options involves substantial risk of loss and is not suitable for all investors. Past performance is not necessarily indicative of future results. You may lose more than your initial investment. All posts are opinions and do not claim to be facts. Please conduct your own due diligence. Use only Risk capital when trading Futures.
1 800 771 6748 local 561 367 8686 email support@OptimusFutures.com
The following 5 users say Thank You to mattz for this post:
While I haven't experienced any datafeed issues, I do agree with the second part of your post.
During the "test" period and later the funded period, I faced no datafeed/execution issues at all with ES, YM or NQ. I used NinjaTrader, SierraChart, Multichart and the provided R|Trader. Most of my orders were limit orders, but even the occasional market order was filled no more than single tick away.
Perhaps what you're referring to is the lack of extensive historic data?
Data and execution aside, what users need to realize is that you'll NEVER, EVER be trading with ANYWHERE NEAR the funded amount. This applies to both OneUp/MES and TopStep.
For example, the $50,000 account allows you to carry just 2 contracts. But to trade 2 contracts with your own money, all you need is $1,000, since the intraday margin at most discount brokers is $400-500 per contract for ES, YM, NQ, etc (maybe a little more for trading CL or GC).
Even when you've accumulated enough profit to increase your lot size, the $50,000 account allows you a maximum of 6 contracts. But at that point you're actually trading with YOUR profits, and you're nowhere near the 50-thousand you're supposedly trading. With either funding scheme (OUT or TS), the entire risk they're taking on you for a $50k account is just $1,000.
After you've made a thousand in profit, they can withdraw their thousand. From then on they have absolutely no risk, and they get 20-50% of your profits. The business model is pure genius if you ask me!
If I remember correctly, OneUp's largest account of $250,000 allows just 6 contracts at first. But you'll never actually be trading a quarter-of-a-million bucks, because effectively it is a $3,000 account.
Oh, and there's that contract you need to sign: it has so many rules that you effectively end up trading as THEIR employee even when you're actually trading YOUR profits.
The following 2 users say Thank You to Zambi for this post:
Hello, have already tested mes capital before, yes sometimes there have been flow connections and quite unpleasant especially for when you open a position I think that know a problem of flux, I find that there is too much rule also it risk not much money I think trader 4 or 6 or 10 contact and a good bargain if you have a good trading system and winner ratio
The following user says Thank You to k7ler for this 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.
The following 3 users say Thank You to hoolio for this 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.
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.
Trading, ideally structured, is a vehicle for expanding consciousness, not damaging it. - Brett Steenbarger
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)
The following 6 users say Thank You to AI3000 for this post:
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).
The following 3 users say Thank You to choke35 for this 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.
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 following user says Thank You to skfutures for this post:
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
The following 2 users say Thank You to sdp1969 for this post:
The line you highlighted is ambiguous. In no way would anyone interpret that line as meaning "If you are up 500 dollars in a trade and it comes back and you gain only 300, we are going to reduce your trail limit by 500 dollars." If that is what they want to do, then it should say that clearly. By being ambiguous, they get to sponge their subscribers for renewal fees.
Steven
The following 5 users say Thank You to sdp1969 for this post:
I'm not sure why you think this is ambiguous? It clearly says about unrealized profits in the rules definitions. I would imagine the reason they want to do that is to stop traders from having wild swings intraday and instead build consistency by building profits slowly. What type of trader would you prefer if you were backing them with your cash? It's not easy and you have to adjust your style accordingly, but that's a big factor in being consistent.
I've just finished my 50k evaluation and received an email about getting funded so will report with any good/bad experiences.
The following 3 users say Thank You to estx50 for this post:
Bingo. Anyone who thinks it is is extremely naive. The majority the money is made from the combines. I'm not saying that's wrong. It just is what it is.
The following 2 users say Thank You to emini2000 for this post:
Looking forward to your review. I am also considering OneUp (tried TST before lastime, but did not like it much). Do keep us posted. I been practising with 1 lot trade size and gunning for stability before trying combine. Not posting much but I do keep reading this forum.
The following user says Thank You to dyst for this post:
Imo they are ambiguous. They should just say unrealized instead of realized and unrealized pnl. In fact it has nothing to do with realized pnl. It is "real time unrealized" period.
So I tried a combine with them this month and also got hit by the drawdown rule. To really know where the drawdown limit is you need to look at the "Auto Liquidate Threshold Value" in R|Trader. I find this frustrating as they don't tell you where this is on their dashboard. Their system also doesn't tell you when you break a rule. It just starts rejecting orders.
It sucks, but I did break the combine rule. What frustrates me the most is that after breaking a rule the account is just dead. You can still receive data, but you can't submit orders. So I cannot use it with Jigsaw Daytradr to practice. For this reason I will not use them again.
The following 3 users say Thank You to TWDsje for this post:
The business model for both of these entities is to get you "hooked" like the casino's slot machines...and you (retail) trader are paying their fat salaries. Neither one of these money pits will provide you with stats of their participants, combined or funded.
Also, consider why would a highly profitable trader give up even 20% of their profit to anyone else...they would not.
The other note to make here is that 90% of retail traders loose...I am a trading psych coach, and have been an educator at TST, and I have coached a number of traders through the combine, and into trader prep...and they get the funded account...and then fail. NOTHING to do with TST...and everything to do with their "snakes in the head". No one really wants to talk about this area of trading...and the failure rate continues.
Note: 10% of trading is methodology and strategy...90% is personal psychology. 90% loose because they spend 90% of their time on the 10% of trading, and 10% on the 90% of trading.
The following 6 users say Thank You to makusan for this post:
Took months break and trying to figure out why the best thing I can do is breakeven. So I came into conclusion that I didn't hold my winners long enough. On Nov 6th I did my second try with 1Up and today finally reached the goal. Will submit the result for a review, will keep you guys updated on what's going on.
The following 2 users say Thank You to rintin2x for this post:
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
The following 2 users say Thank You to CACFUTURE for this post:
@CACFUTURE If I understand you correctly, you are already up $400/contract. Please don’t get me wrong, but you were 43 ticks away from trailing dd? That’s basically saying you have $430 left on your account and away from being cut from the combine. Why didn’t 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.
Because sadly I was not aware of this rule at thé time....Rookie error for
Sûre 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.
The following user says Thank You to CACFUTURE for this post:
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.
The following 2 users say Thank You to rintin2x for this 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.
The following 3 users say Thank You to rintin2x for this post:
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.
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???
The following user says Thank You to ernesto1972 for this post:
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.
The following user says Thank You to dyst for this post:
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 shouldn’t even need to worry about dd. If you keep losing money, then it doesn’t matter because soon or later you will get cut anyway.
Well, I do use trailing dd but I thought it was like TST where it is computed based on EOD equity. But being counted from intraday highs do make big difference, depending on strategy.
Thus if you go for homeruns, you have nothing to lose if you set your SL to BE or trail to +10 (10 ticks profit) after it hits for example 40++ ticks green. It would still show you in profit if you got kicked out +10 tick profit per lot for example if drawdown was based on EOD equity. On the other hand if it is based on intraday high (like OneUp), you could still have 'hit daily loss limit' despite booking 10 ticks per lot profit (like the other guy who posted in thread earlier shared) since they count how much potential profit was left on the table (which is not really a drawdown,since equity balance still higher than start of day after the trail kicked in).
Just thinking about it. And yes, this is something people need to get used to
ps: I do remember reading about funded guy who was not aware of this calculation (he thought it was based on EOD equity) until it kicked in during his live account. he said he was struck off tho he was in 'profit' after his trail triggered on his multi lots. they let him withdraw profit though.
Edit: @dyst the trick is to build enough cuision first. Then you can think about home run and set your stop to be after. This way dd isn’t a problem anymore. Yes there will be “what if” but that’s the traders job to work it around the rules to make it to work if they want to go to this vanue (either tst or 1up)
Thanks for the feedback. And yes, that is why I was busy researching the pitfalls (so I dont repeat the same mistake others did. some did not follow the scaling plan btw. claimed they forgot lol).
I do notice most of those who claim to remain funded at least 6 months, did what you suggested. Plus they tend to be at least on the $150k or more accounts, trading only 1-2 lots with the $5k buffer before trying homerun. They say this gives them leeway even during those 'bad streaks' which will always happen, and everyone should be prepared too
ps: thanks for the advice. really appreciate it. I have other things going on at the moment, but if I do take the paid trial, I will definitely update
The following user says Thank You to dyst for this post:
I am a (new) funded trader with MES Capital and I can not trade since I receive following "errors" as soon as I want to place a trade. Of course I am using the right account (NT7).
Rithmic is a very crappy, terrible data feed provider. In April I had a few d/c... Fine. But in May, I have very frequent d/c especially in the past 2 weeks! It is so bad you cannot log in for 30 mins or more... and guess what happened to the trades? Boom. You need to be online (unfortunately) for the brackets to apply if you set orders via Sierra/Ninja... So the trade was triggered without the accompanying TP/SL and when you finally get back on you see those orphan trades triggered with huge floating loss you are forced to liquidate.
I also encountered bug when placing stop orders with bracket orders on Rithmic trader... (the free version). It says 0 positions yet your PnL keeps moving up and down. No way to close it manually since it does not even appear under 'open' position. Only thing you can do is hit the "close" or "flat" button on your platform like Ninja... It is some kind of glitch/bug
The following user says Thank You to dyst for this post:
Reported those problems to them. Ok and I also noticed many other users taking the evaluation facing issues with Rithmic recently...
So I contacted live help, and they reset my account (and all other affected users) as a gesture of goodwill. Nice since the losses from the glitch/frequent dc wont be counted against you. Yet you lose the trading days.
So now I have to trade a fresh set of 15 days (today counts as day 1 again). Thing is, my billing cycle falls on 29 or 30th May. This means I only have 2-3 days to trade, no way to hit 15 days, and will have to renew for June.
Let's see.
Ps: I do not think this is OneUP fault. I remember same thing happened with TST back in 2015 when I was doing combine. TST called me up and wrote email to apologise, and even made the adjustments. Just FYI. The problems seems to be Rithmic server which is why I suggested they look for alternative data provider.
The following user says Thank You to dyst for this post:
I want to know the specifics on consistent trading. I read somethingbto that nature. If they have a requirement of trading 5 days a week, that can be huge for many. Vs trading 2 x a week.
In order to allow a true chance for success and be guaranteed placement with a funding partner and more importantly to secure the longevity of your trading account, traders must demonstrate the ability to execute trades consistently.
Traders must have any 3 trading days' net profits total summed up to equal 80% of the largest day net profit.
Consistency Example:
BEST TRADING DAY: $1,000 (net after commissions)
80% of Largest trading day = $800 (Total Sum of your 3 best trading days must be greater than this value)
SUM / TOTAL OF 3 OTHER BEST TRADING DAYS
2nd Best Trading Day: $400 (net after commissions)
3rd Best Trading Day: $240 (net after commissions)
4th Best Trading Day: $300 (net after commissions)
Are you talking about combine or a funded account?
I do not think there is such a requirement of trading 5 days for a week.
But I did hear from the latest funded traders there is now a requirement to trade at least 50% of your volume in combine if you got funded (so if you did average of 60 trades a day in combine, you are expected to do minimum 30 trades a day when funded. if you can't you gotta inform the funding partner), plus some other additional terms which makes me wonder how realistic is it to remain funded unless you are in the 100k or higher combine account hmmm just a thought
ps: and yes, taking a break from OneUP when I found out about the additional terms in the funding contract. I am considering either a 100k account (minimum) combine here, or earn2trade (a new kid on the block) which offers more attractive terms.
Numbers work... Magic lies in the numbers
The following user says Thank You to dyst for this post:
Hey buddy, just curious. When you got funded, did you have that clause in the contract where you had to trade minimum 50% of your trading volume in combine? (so if you used to do 60 days a trade average on combine, you need to do at least 30 a day on funded. else you need to inform funding partner like if you going holiday etc. was told it shouldnt be an issue and was newly added to ensure traders remain active thus older traders do not have that clause).
Also, was there anything about being profitable on rolling 2 weeks basis?
Tbh I was cheapo Went for the small account and kinda regretted it (after seeing the big swings coming due to this trade war etc narrative lol. you cannot afford to be wrong more than 2 times in a row a day there simply isnt enough room to tank for those drawdown)
Gotta save up for 100k account combine or consider alternative
Hello, tbh initially I was very serious about Oneup (terms seem better compared to TST), until I found out more about the funded trader terms... Imo even the best traders are bound to have "rough patches" in their trading life (weeks or months where you end up in red). So the suggestion is if anyone does Oneup and is serious about remaining funded, they need to consider those terms -> they should be doing the 100k account minimum and only trading 1 lot. with the 30k/50k option, there just isn't any room for leeway.
Personally speaking, earn2trade has been updating and improving their terms, and out of the whole bunch it does give the best odds for surviving long term. Therefore, I am more interested in Gauntlet (by earn2trade) now
Numbers work... Magic lies in the numbers
The following user says Thank You to dyst for this post:
I asked livehelp about this before. They say they are open to overseas participants too. I have not found any indication (so far) that this is only for US residents?
I don't know the exact relationship legally, but OneUp runs people through a TST-like combine called an "evaluation" and if they meet the requirements then they turn them over to MES Capital who will fund them with a live account.
I got funded by MES five weeks ago and just took my first $1000 withdrawal this week.
I believe they are two separate companies for this reason: The OneUP website talks about a private chat room for live traders. But there wasn't one. I asked MES where the chat room was, and they said they didn't have one, but if I wanted to start one it would be great. So I started a Slack.com chat room and advertised it for funded traders on the main board on the OneUp site. I gave the invitation link and my email in case that didn't work. But it didn't last for more than a few hours before it was deleted by OneUp. They told me not to advertise for my personal chat rooms. So a day later I posted a similar post that simply said "There is indeed a funded trader chat room as is mentioned on the OneUp site home page. Please reach out to your funding partner for log in details." And OneUp left that one alone.
I have found Leeloo Funded Trading to be the best. But I have only tried Topstep, OneUp, and am aware of SpeedUp. Sounds like there are one or two more?
Leeloo allows you to qualify in as little as 10 days for FREE, for an account that allows trading up to 12 contracts.
No scaling. And you can trade during news and hold long term positions. (Whereas Topstep you have to be flat by 4:10pm)
If you dont qualify in 10 days.. the same size account is only $195 per month. Resets are $75. I have not found better pricing out there.
With Topstep I qualified for step 1 within 5 days. then paid for several months during a period I was not available to trade, because I didnt want to lose my Step 2 status. lol. Brutal. Plus once I was up $1200 holding an all day position, and 4:10pm hit without realizing and I defaulted my entire account. Leeloo has far less rules which snare you.
My small trading group of friends are all using it and really like it best by far, however I have NOT qualified yet. So I will report back regarding that process once I am. Should be by end of May. They are a fairly new outfit.. so obviously this is important.
I don't know how you have manage to write a review about a site on your first post.
Anyway, I have few questions regarding this site you've mentioned.
You mentioned you can qualify in 10 days for free. Are you talking about the free trial?
I do see that they have 10 days free trial, however 10 days does not cover 10 days of tradable days. So, do you mind answering if they honor that 10 days of free trial as the real evaluation?
The website does not have a transparent information regarding how trailing stop works either. Does Trailing stop follow realized or unrealized pnl?
Do they follow Trailing like OneUp or do they follow something like TST or Earn2Trade?
What happens after you get funded?
I hope you can answer my sincere questions as I am very interested in the program.
The following user says Thank You to skfutures for this post:
Hi SK. Lol.. I dont know either except that I have gotten 4 messages from Futures.io urging me to make some posts. Regarding Leeloo, their admin is absolutely wonderful, but their website dreadful. So much more info needed. FAQ's.. how they define "consistency," and some of us subscribers have informed them of such. They are working on revamping the website.
To answer your question.. the 10 day free trial is for ten TRADING days.. and they count toward qualifying. From my understanding Topstep and Oneup trial is for demo only.. the trading does not count toward qualifying. However Leeloo, you can qualify in one step, in as few as ten days (but also requires a min of 10 active trading days).
Your drawdown is in effect for unrealized pnl.. you will be closed out of the trade (and disqualified) if you surpass the limit. The funded account operates similarly to TST.. your max drawdown moves to Break Even before you can withdraw profits. So if your max drawdown is $3000... then your funded account must exceed a balance of $103,000 for example, before you can withdraw profit. And your new max low is $100,000 (instead of $97,000). Basically your max drawdown has moved up to B.E.
Obviously their rates are the best, but the reason some of my trading partners and I switched to Leeloo despite sorely lacking information, is because they had a trade room last year that I was a part of. So I got to know Leeloo. They are really good people, successful traders who have financed this program. It was easier for me to feel comfortable switching, and also I was already familiar with Topstep's program and how it works, and rithmic. But I agree, they need to do some serious improvements to their website. I have always gotten assistance within 24 hours though.
Sorry, I was not so clear about the trailing stop.
So if I am in a trade where my initial profit target was 500. If the target does not get filled and comes back to my entry. I decided that I made a mistake of not exiting when it was close to my target. So I exit with break even that could had been potential 450 profit. Does this mean the trailing stop raise by 450 or does it stay the same?
Im not exactly sure your question. Because my answer would be that trailing stop has nothing to do with Leeloo, Topstep, or any other. That's a platform setting. If you have a trailing stop ATM (automatic trade management) set up, then it will trail your position. So if you miss your target the trail will close you out in profit, or break even, or wherever you set it.
This has nothing to do with Leeloo. All Leeloo requires is that you do not exceed your max drawdown, if you select a 12 contract account for example, then your position can not exceed a negative of $2500 that day. If it gets below that, it will be closed out and you will have defaulted. You can choose to use trailing stops or not choose to use them, that is not a function of your Leeloo acct.
Wait... do you mean u exit at break even. But you are asking if now your account on the same day, had it's drawdown limit raised by $450? The answer would be no. It would still be the full $2500 for example. And I BELIEVE.. from what I think I have noticed.. if you had closed that trade at $500..and you are up $500 for the day.. then now instead of your max drawdown being -$2500.. it's now -$3000.. (including commissions).. until the end of the day (5pm est).
The following user says Thank You to TickSanity for this post:
After reading this post I contacted Leeloo, and will say all questions I asked were very quickly answered. The first time qualifying is basically on them. If you do not qualify you will have to pay for a new trial. You will have to sign up for a 10 day trial using Rithmic. From my understanding the Rithmic data is free during the free trial period. There is no access to Eurex exchange for those that trade DAX, FGBL or FESX.
I also have contact them regarding minimum account balance regarding trailing.
I was inform that they follow unrealized account balance which means your open account balance (positive) will raise your minimum account balance. eg. $300 unrealized/open profit - didn't hit my target - comeback to entry - close break even = $300 raise in minimum required account balance.
That's right. When I started, I only got CL, NQ, and ES included in the trial. But it might be more now, waiting to hear back. Also, they said they will update a lot more info this week. Including the funded account and Power of Attorney etc. I did see this about the trial. You can spread out your 10 days. And if you are still short in 10 days trading, you can subscribe with a monthly fee, and have 30 more days to qualify. You keep the profits you have accrued thus far of course, you would just need to finish earning the remainder.
With the blessing of MES, I started a funded trader chat room about a month ago on Slack.com. MES sent about 20 funded traders our way.
But because of the success of our room, OneUp has finally started a chat room for Funded Traders on the OneUp website. (OneUp has been in business for two years, so our success is the only logical explanation!)
But now that we have invested time and have developed some good friends (some who have since gone back to the eval stage), most of us want to stay where we are, on Slack.com.
So we are now opening our FREE trader chat room to all since the new funded traders may not get to hear about us formally.
We meet daily, especially during the first two hours of the NY session.
I have talked with my co-host, and we have decided to open it up to ALL traders who have ever been funded by OneUp/MES, TopStep, OR any other trader who feels they have reached some level of competence and thinks they have something to add. We are not going to turn anyone away, but we do discuss some advanced concepts and don't want anyone to be lost; so if you have been trading for less than one year, please keep learning and PM me when you feel you are ready.
In the room people do call out trades at times, but the room is much more than a "free trade" room. (BTW, following someone else's trades can be a very risky thing! Everything is at your own risk!). We are brothers and sisters in the battle to remain profitable. We rejoice in each others successes and console after the bad trades (we all have them). We toss in some humor. We try to keep the language clean. We have fun for sure. PLEASE JOIN US. PM me for the link.
Well, it's official. Here is my final summary of the chat room saga. No hard feelings. Time to move on.
OneUp is hosting the MES funded traders chat room, and I am hosting the "Ohana Traders" chat room for anyone who feels competent and confident. We are completely separate now.
"How separate?" you ask. Well they blocked my access to their entire site this week!!!
Here is their email to me-- "We had warned on numerous occasions that you promoting your chatroom is not allowed. You had other members of your room promoting for you on many many occasions. Currently the chat/ message board functionality for you is disabled from what OneUp has told us. If you want to have it reneabled you will have to keep your members in check. -MES Capital Support"
I begged forgiveness and made promises. I am back in now.
Even though I don't blame them for their actions, and I am still trading with them, it hurt a little to be treated this way, considering all the positive press I have given and continue to give MES/OneUp-- and the fact that I was the catalyst for getting their chat room going and was their best buddy for a month or so.
And if you are about to ban someone, you should give them a courtesy email. I think they should have written me, "Hey Darth, we told you not to steal our funded traders to the Dark Side. This is what was posted on our funded board 'xxxxx.' If this happens just one more time, then permanent banishment to the deserts of Tatooine will be our gift to you."
Unfortunately, they deleted the relevant comments, and so I can't see the posts they were referring too. That is okay. But I have asked the 20+ members of my room to NOT say anything about our Ohana Traders room on the MES site. I hope they comply. I don't want to get banned again.
If YOU would like to join our Ohana Traders chat room, please PM me.
The following user says Thank You to sstheo for this post:
I have extended my subscription last Thursday but cannot log into Rithmic anymore. Also when I login to the website my account disappeared and I have to “upgrade” to a paid account.
I tried to reach them via email and phone but have not heard back since Thursday.
Does anyone know what is going on there? I fear they have or will close down.
Thank you for your message. That's interesting as most people in the program have experienced the same as me. I talked with some people on their Facebook page and got similar responses.
Well, I just got funded on a $150k evaluation with OneUp Trader, and now awaiting the usual paperwork as well as my login credentials....
"If you don't design your own life plan, chances are you'll fall into someone else's plan. And guess what they have planned for you? Not much." - Jim Rohn
The following 4 users say Thank You to Daytrader999 for this post:
Thanks, now it all comes down to install sound risk and money management in order to keep this account alive.
"If you don't design your own life plan, chances are you'll fall into someone else's plan. And guess what they have planned for you? Not much." - Jim Rohn
The following 2 users say Thank You to Daytrader999 for this post:
Thanks my friend, now I'm facing the new challenge to keep the account...
Hope you're doing well during these crazy times!
"If you don't design your own life plan, chances are you'll fall into someone else's plan. And guess what they have planned for you? Not much." - Jim Rohn
The following 2 users say Thank You to Daytrader999 for this post:
Well, after one month of trading my funded account with OneUp / MES Capital, I want to share my experience with them, especially what happened last Friday while I was in a trade.
It happened around 10:53 am EST, when I suddenly got disconnected from Rithmic Pro as well as from Ninja Trader 8 platform.
The error messages showed 'Please check your account connection parameters and internet connection (Logon failed)', and 'MES Capital: Disconnect enforced by broker or 2nd login to the same account'.
I tried several times to re-connect to Rithmic and Ninja Trader, but every attempt was rejected by the error messages mentioned above.
So I immediately contacted OneUp support, described my situation and that I had no idea whether or not my trade was still active and what the current PnL was. After only a few minutes, I got a response from OneUp support, telling me that I had to contact MES Capital support in order to resolve my issue, since they were just a recruitment company and only responsible for customers which are on a free trial or in an active evaluation....
Well, after that, I contacted MES Capital support and asked them to cancel the trade immediately and remove it from my account, since I didn't make any mistake at all. This is what I got from them, after another 15 or 20 minutes of being kind of 'blind' in an active trade:
'WE do not do that, you are responsible for your trades regardless of the issue.'
After a few minutes, I received a second Email:
'You also made money on your trade.'
This was complete BS, since it was impossible to make money on that particular trade, because in the mean time the market decided to go in the other direction....
Finally, after around 45(!) minutes, I eventually was able to log in into Rithmic and Ninja Trader again.
When I looked into the log files, I noticed that the trade obviously hit my stop loss, but it was closed by 'External' with a $300 loss.
I told them about my loss and their false claim, and that's the reply I received:
'You are responsible for your trades/setup. We are here to assist if you need us to liquidate if you have an issue.'
Well, if I didn't had an issue (connection terminated, no reconnect possible while in a trade), I wouldn't had contacted support because I didn't had a chance to see whether or not the trade was still active.
After that, there was nothing more to do than to thank them for their 'really great and outstanding support'.
So, bottom line, MES Capital even refused to at least look into that issue, they just solely blamed it on me and my responsibility.
In addition, they made false claims regarding my last trade, claiming that it has been a winner, but eventually I took a $300 hit...
However, now I'm aware of the fact that I'm on my own, if any issue ever occurs.
IMHO, this is a complete no-go and red flag for any kind of working with clients and / or customers, and in the end this will affect OneUp Trader as the 'Recruitment Company' as well.
"If you don't design your own life plan, chances are you'll fall into someone else's plan. And guess what they have planned for you? Not much." - Jim Rohn
The following 10 users say Thank You to Daytrader999 for this post:
Well, I assume that at the time they responded to my Email the trade was already done (closed by 'External'), so there was nothing left to do for them....
And they didn't bother about the presumably Rithmic Trader Pro issue, which obviously must have been occurred for at least 45 minutes.
"If you don't design your own life plan, chances are you'll fall into someone else's plan. And guess what they have planned for you? Not much." - Jim Rohn
Yep, but if I want to keep trading my funded account with them, I'm enforced to use this construction of NT and Rithmic Trader Pro.
"If you don't design your own life plan, chances are you'll fall into someone else's plan. And guess what they have planned for you? Not much." - Jim Rohn
As far as I know, they only provide an Email support adress, that's all I've got from OneUp reply as well.
"If you don't design your own life plan, chances are you'll fall into someone else's plan. And guess what they have planned for you? Not much." - Jim Rohn
Guys, Stay away from uprofittrader. I passed their evaluation and they did not fund me. After paying them $150 for data. They emailed me and said to fill out contract. I did not get that contract. I emailed them again and even called them various times and with no response to my email or phone messages. It has been almost a week with no response. Stay away from these guys!
So why haven't you posted your comment in the uprofittrader review thread, so that people researching the company name will actually read it, instead of posting it here, a thread for a different company.
Went for the small account and kinda regretted it (after seeing the big swings coming due to this trade war etc narrative lol. you cannot afford to be wrong more than 2 times in a row a day there simply isnt enough room to tank for those 
