Anybody heard of topsteptrader (review) - Vendors and Product Reviews | futures.io
futures.io futures trading


Anybody heard of topsteptrader (review)
Started: by supermht Views / Replies:137,924 / 740
Last Reply: Attachments:25

Welcome to futures.io.

Welcome, Guest!

This forum was established to help traders (especially futures traders) by openly sharing indicators, strategies, methods, trading journals and discussing the psychology of trading.

We are fundamentally different than most other trading forums:
  • We work extremely hard to keep things positive on our forums.
  • We do not tolerate rude behavior, trolling, or vendor advertising in posts.
  • We firmly believe in openness and encourage sharing. The holy grail is within you, it is not something tangible you can download.
  • 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, and we will never resell your private information.

-- Big Mike

Reply
 25  
 
Thread Tools Search this Thread
 

Anybody heard of topsteptrader (review)

  #261 (permalink)
Elite Member
Des Moines, Iowa
 
Futures Experience: None
Platform: Ninja, TOS
Broker/Data: AMP/CQG, TOS
Favorite Futures: CL, TF, GC
 
madLyfe's Avatar
 
Posts: 1,638 since Feb 2011
Thanks: 9,211 given, 1,006 received


Big Mike View Post
How many people are using NinjaTrader with Topstep now? My understanding is that it is now 100% available.

Mike

ya i was waiting for a couple ppl to pop in and give a report about usage..

dont believe anything you hear and only half of what you see

\_(ツ)_/

(╯□)╯︵ ┻━┻
Reply With Quote
 
  #262 (permalink)
Elite Member
Cincinnati Ohio
 
Futures Experience: Intermediate
Platform: NinjaTrader
Broker/Data: Futures Broker
Favorite Futures: AUD
 
Silver Dragon's Avatar
 
Posts: 1,597 since Feb 2011
Thanks: 3,844 given, 3,315 received


Big Mike View Post
How many people are using NinjaTrader with Topstep now? My understanding is that it is now 100% available.

Mike

I am using it and it is working well. Seems faster than the other data providers I was using. They still do not have my account setup correctly so i cannot report if the trades are being reflected accurately within TST. Will report back.

Robert

edit: I am using the built in sim account within NT to trade.

nosce te ipsum

You make your own opportunities in life.
Reply With Quote
The following 2 users say Thank You to Silver Dragon for this post:
 
  #263 (permalink)
Elite Member
Des Moines, Iowa
 
Futures Experience: None
Platform: Ninja, TOS
Broker/Data: AMP/CQG, TOS
Favorite Futures: CL, TF, GC
 
madLyfe's Avatar
 
Posts: 1,638 since Feb 2011
Thanks: 9,211 given, 1,006 received



Silver Dragon View Post
I am using it and it is working well. Seems faster than the other data providers I was using. They still do not have my account setup correctly so i cannot report if the trades are being reflected accurately within TST. Will report back.

Robert

edit: I am using the built in sim account within NT to trade.

sim account or combine sim account? or am i still wrong and you mean the sim key?

dont believe anything you hear and only half of what you see

\_(ツ)_/

(╯□)╯︵ ┻━┻
Reply With Quote
The following 2 users say Thank You to madLyfe for this post:
 
  #264 (permalink)
Elite Member
Cincinnati Ohio
 
Futures Experience: Intermediate
Platform: NinjaTrader
Broker/Data: Futures Broker
Favorite Futures: AUD
 
Silver Dragon's Avatar
 
Posts: 1,597 since Feb 2011
Thanks: 3,844 given, 3,315 received


madLyfe View Post
sim account or combine sim account? or am i still wrong and you mean the sim key?

I am not doing the combine yet. Using the member practice account which gives me access to the data feed. Since they dont have my account setup correctly I cannot submit orders via the practice account. So, I am using the built in Sim account (Sim101) within NT to place practice trades.

I think this answer is more confusing than my first answer!

Robert

nosce te ipsum

You make your own opportunities in life.
Reply With Quote
The following 2 users say Thank You to Silver Dragon for this post:
 
  #265 (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: 45,657 since Jun 2009
Thanks: 29,044 given, 80,671 received

Futures Edge on FIO
Paul "LuckyLogger" Bartell is the newest funded trader



This guy is an oil and gas trader. Not much detail in this interview, except that journaling was critical for him to learn from his mistakes. He also touched on loss limits and cutting losers quickly.

Mike

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.

Reply With Quote
The following 5 users say Thank You to Big Mike for this post:
 
  #266 (permalink)
Elite Member
New York, NY
 
Futures Experience: Intermediate
Platform: Sierra Chart, thinkorswim
Broker/Data: Amp-Rithmic/TT, IB
Favorite Futures: CL, GC, NQ
 
Posts: 569 since Nov 2010
Thanks: 1,796 given, 249 received


josh View Post
questions for @Hoag:
There appears to be a very strange way that the overall stats are being calculated. Instead of being calculated as an entire set, they are calculated as a daily average. So right now my average loss is greater than my average win, but this is only possible if I have lost money net, and I'm up $800. So for two days my average loss was -$303 and -$150. You are averaging these two numbers, instead of averaging all trades. This is obviously not really correct -- if I have ten trades the first day all losing -$200 each, and one trade losing -$5 the second day, my average loss is -$182, not -$102. Help me please if I am misunderstanding this.

Does anyone understand how these stats work and why they're calculated this way? The overall average numbers don't make sense to me.


Last edited by Futures Operator; October 17th, 2012 at 03:29 AM.
Reply With Quote
 
  #267 (permalink)
 Vendor: www.topsteptrader.com 
Chicago Illinois
 
Futures Experience: Advanced
Platform: T4
Favorite Futures: ES
 
Hoag's Avatar
 
Posts: 66 since Mar 2012
Thanks: 23 given, 296 received


josh View Post
Regarding the profit split, the info on this page indicates that if a $30K buffer is built, that anything else above that will receive an 80/20 profit split. Is this correct, @Hoag?

Josh,
Once you have accumulated net profits of 30k you receive the 80/20 split and do not need to maintain that cushion.

Reply With Quote
The following 4 users say Thank You to Hoag for this post:
 
  #268 (permalink)
 Vendor: www.topsteptrader.com 
Chicago Illinois
 
Futures Experience: Advanced
Platform: T4
Favorite Futures: ES
 
Hoag's Avatar
 
Posts: 66 since Mar 2012
Thanks: 23 given, 296 received


josh View Post
Another 3 questions for @Hoag:

Does max daily loss include open (unrealized) losses/drawdown, or only closed losses? Say I enter a 15 lot which goes against me 4.25 handles, leaving me with a $3200 unrealized drawdown--will I receive a margin call or have my position closed in this case?

How is a "trade" defined for the purposes of W/L, hold time, etc.? Is it by a single filled order, by flat to flat, or what? Let's say I enter a 10 lot long. I add 1. I add 1 more. Now I flatten. How many "trades" is that? What if I were to scale out?

There appears to be a very strange way that the overall stats are being calculated. Instead of being calculated as an entire set, they are calculated as a daily average. So right now my average loss is greater than my average win, but this is only possible if I have lost money net, and I'm up $800. So for two days my average loss was -$303 and -$150. You are averaging these two numbers, instead of averaging all trades. This is obviously not really correct -- if I have ten trades the first day all losing -$200 each, and one trade losing -$5 the second day, my average loss is -$182, not -$102. Help me please if I am misunderstanding this.

Josh,

With regard to your first question, when your unrealized loss goes over the daily loss limit, the risk manager will flatten your position and your loss limit will be hit.

Second, trades are looked at in a first in, first out fashion and trades that are "scaled in or out" at different prices are viewed as separate trades.

Third, the way you are calculating the statistics is the way we do. If there is a discrepancy, please let us know about it via email to support.

Thank you Josh, Trade well!


Last edited by Hoag; October 17th, 2012 at 12:16 PM.
Reply With Quote
The following 5 users say Thank You to Hoag for this post:
 
  #269 (permalink)
Elite Member
Georgia, US
 
Futures Experience: None
Platform: Various
Favorite Futures: Various
 
josh's Avatar
 
Posts: 4,898 since Jan 2011
Thanks: 5,143 given, 11,198 received

@Hoag, thank you for the answers!

Reply With Quote
The following user says Thank You to josh for this post:
 
  #270 (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: 45,657 since Jun 2009
Thanks: 29,044 given, 80,671 received




Mike

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.

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

Reply



futures.io > > > > Anybody heard of topsteptrader (review)

Thread Tools Search this Thread
Search this Thread:

Advanced Search



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

2016 True Edge Awards: Voting is open until Jan 21!

Now
 

An Afternoon with FIO member Massive l

Elite only
 

Anthony Drager: Pulling the trigger with confidence

Elite only
 

Leo Murphy: The Art and Science of Technical Analysis

Elite only
 

FuturesTrader71: Ask Me Anything

Elite only
     

Similar Threads
Thread Thread Starter Forum Replies Last Post
Have you heard about XYZ? Lornz Vendors and Product Reviews 19 December 29th, 2016 02:31 PM
Webinar: TopstepTrader on Discipline/Psychology (Michael Patak and John Hoagland) Big Mike Psychology and Money Management 24 July 2nd, 2016 12:45 AM
Webinar: Topsteptrader on Discipline and Risk to be successful Big Mike Psychology and Money Management 16 June 10th, 2014 02:45 PM
Has anyone ever heard of invest33.com? energetic Vendors and Product Reviews 14 October 21st, 2013 06:12 PM
Anyone heard of EOTPRO? h4cked Vendors and Product Reviews 31 December 5th, 2012 04:25 PM


All times are GMT -4. The time now is 06:54 AM.

no new posts
Page generated 2017-01-19 in 0.19 seconds with 21 queries on phoenix via your IP 54.92.229.162