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Take Profit Trader - experiences?


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Take Profit Trader - experiences?

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VirtualMark
Birmingham, United Kingdom
 
Posts: 80 since Jul 2022
Thanks Given: 21
Thanks Received: 67

Hi, have any of you used Take Profit Trader? I've had a look at their site and rules and think they have some pros and cons, would be interested to hear from anyone that's tried them.

Pros:

They have lots of platforms including Tradovate.
You can reset the funded account.
Not too expensive(40% off at the moment).
Evaluation rules seem fair.


Cons:

Intraday drawdown once funded, including unrealised PnL.
Funded account reset fee is expensive(one reviewer said it was $1500).
Can't trade news releases.
10 days to pass, even if you hit profit target early.
Trading day only counted if it's something you used to hit the profit target, i.e if you passed with NQ then you can't just trade MNQ to count it as 1 trading day.


There's probably more that I've missed which is why I'd be interested to hear about your experiences.


Can you help answer these questions
from other members on NexusFi?
Quant vue
Trading Reviews and Vendors
Trade idea based off three indicators.
Traders Hideout
Pivot Indicator like the old SwingTemp by Big Mike
NinjaTrader
Better Renko Gaps
The Elite Circle
MC PL editor upgrade
MultiCharts
 
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 xplorer 
London UK
Site Moderator
 
Experience: Beginner
Platform: CQG
Broker: S5
Trading: Futures
Posts: 5,978 since Sep 2015
Thanks Given: 15,502
Thanks Received: 15,402

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Last Updated on February 3, 2023


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