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Topstep's Nick Dolby (Social Media and Community Coordinator) - Ask me Anything (AMA)


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Topstep's Nick Dolby (Social Media and Community Coordinator) - Ask me Anything (AMA)

  #311 (permalink)
 dom64 
London, UK
 
Experience: Master
Platform: sierra chart, Jigsaw Trading, Bookmap
Trading: 6E futures, Cable
Posts: 93 since Aug 2012


TopstepTrader View Post
DOM- When in the Combine you will be trading in a real-time simulated market. All your trades are collected each day and uploaded to your trade report. Our scout team reviews trade reports that are following the rules and meeting or exceeding their profit target.

As for a promotional code for futures.io (formerly BMT) members. We do have this, please contact [email protected] and they will help you out.

Hope that helps and trade well.

mp


Thanks! I actually meant to ask whcih data feed is provided with the combine if any? Kinetic, IQ Feed, CQG..?

Many thanks!

Dom


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  #312 (permalink)
Topstep
Chicago, IL
 
Posts: 293 since Feb 2013
Thanks Given: 77
Thanks Received: 746


michaelf View Post
I have an additional question for @TopstepTrader, right now I'm working with IB, NT7 and Kinetick. When I want now open a combine do I have to change from the NT7 Single Broker licence to an Multi Broker licence and what about Kinetick, to I need it anymore or you give me the data?

thanks for your response

Michael

Michael- It is easiest if you have a multi-broker license. If you have a single-broker license, you will need to disconnect from our data feed and connect to another. We would provide you with the Rithimic data feed as well as the instructions on how to connect. Once that is in place we will receive all your trades while in the Combine.

If you have any further questions feel free to connect with Support at 1.888.407.1611 or [email protected]

mp

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  #313 (permalink)
Topstep
Chicago, IL
 
Posts: 293 since Feb 2013
Thanks Given: 77
Thanks Received: 746



dom64 View Post
Thanks! I actually meant to ask whcih data feed is provided with the combine if any? Kinetic, IQ Feed, CQG..?

Many thanks!

Dom

Dom- Ok, sorry about that. The feed and connection is with Rithmic.

mp

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  #314 (permalink)
 traderlange 
NY NY
 
Experience: Advanced
Platform: NinjaTrader
Broker: Amp/CQG
Trading: Futures - CL/GC/YM
Posts: 42 since Aug 2011
Thanks Given: 31
Thanks Received: 209

I can honestly say that Top Step's combine works pretty flawlessly with NT. Any technical issues I've had in the combine have been on me. But my combine finishes today and I didn't pass. I have a sick habit of manually trading. And always loose. I don't have the discipline. But I know market structure, how to read it and have been a software engineer for 15 years now.(and I like math) I've just completed what I think are 3 brilliant multi time frame systems (2 trend based one swing catcher. very complex systems - in my eyes that is 1000's and 1000's of lines of code and a mongo DB for saving 100's of parameters to be analyses on each bar close - I could do this in NT but I use the data to train an SVM - which ill get to in a min).

Finally running these w/ out of sample and things are looking really good. Better than I've ever imagined. I'll never be 'finished' as they will need minor tuning as market conditions change (have a genetic algo fine tuning params in realtime). But I'm working with encog to build a SVM classification system to keep me out of the chop that kills automated systems - at least mine. It's different than most ML market predicting systems I've found online and also from research papers I've read. it's not ready yet, but looks very promising. ML's will never guess price, I'm just training it to let me know if the next swing will be HH, LH or DT and duration. Never a first signal, just a confirmation.

Off topic..sorry. But I'm starting a new Combine next week and will post a daily journal here will all charts and trades. And I will let any one of you cut off my fingers if I manually do any trades!! Lol. But I HIGHLY recommend Top Step. The folks I've worked with there are extremely helpful and want you to succeed. Im a fan. I'll be funded after my next combine. I've worked too hard to get where I am. This weekend I'm moving off of ATM's and writing better exit code with (local order manager) to effectively handle stops and profit targets. I've learned that the entry is about 25% of the trade. The rest is handling the trade and preserving capital. So I'll be coding a risk management system the weekend as well. Eh, who needs sleep? Anyway, Top Step, keep up the brilliant work! Thanks you! -mike l.

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  #315 (permalink)
 Yukoner 
Vancouver Island, Canada
 
Experience: Advanced
Platform: T4, IB, TD Ameritrade
Broker: Stage5
Trading: ES CL RTY Stocks
Posts: 58 since Nov 2013
Thanks Given: 163
Thanks Received: 130

I'll second what traderlange just posted. My experience with Topstep Trader (Nov 2013 to current) is that they are a professional company and a growing concern.
Yes, the metrics to trade by are restrictive (this isn't a bad thing), but it forces you to go into a combine with a game plan on how to win in that combine, while under serious time pressure. It also reminds you of what you can control in trading, and what you can't.

If I had to guess, I would say the style of trader they are searching for, is a trader with low risk parameters and who slowly builds up their account brick by brick. Regardless of the trading style, I highly recommend that people take a serious stab at passing a combine as it is amazing what you will learn about yourself.

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  #316 (permalink)
 traderlange 
NY NY
 
Experience: Advanced
Platform: NinjaTrader
Broker: Amp/CQG
Trading: Futures - CL/GC/YM
Posts: 42 since Aug 2011
Thanks Given: 31
Thanks Received: 209


Yukoner View Post
I'll second what traderlange just posted. My experience with Topstep Trader (Nov 2013 to current) is that they are a professional company and a growing concern.
Yes, the metrics to trade by are restrictive (this isn't a bad thing), but it forces you to go into a combine with a game plan on how to win in that combine, while under serious time pressure. It also reminds you of what you can control in trading, and what you can't.

If I had to guess, I would say the style of trader they are searching for, is a trader with low risk parameters and who slowly builds up their account brick by brick. Regardless of the trading style, I highly recommend that people take a serious stab at passing a combine as it is amazing what you will learn about yourself.

You nailed it right on the head. They are looking for people who can earn day in and day out. If only a couple hundred dollars. I love the fact that their trade parameters are so tight. This is only making me a better trader, well, quant. I just finished my combine today and failed with flying colors. And I have been trading every derivative there is for at least 10 years. Some years up, some years down. But mostly down. Thank god I can write any software program on any platform a client puts in front of me, or I'd be homeless. Lol. But I plan on making a living writing market trading strategies. And since I come from a m$ bg c/c++ and now c# .net (although I'm starting to love obj-c, games for ios mostly) NinjaTrader is a perfect platform for me. Been wanting to try multicharts. But it's the same thing. I use NT to compile indicators and strats. But use VS .net (at times com) for all my analytical programming. And I always test using market replay and few ticks slippage(back testing is fine, but not real). And I I've finally put together 3 systems that make me money day in and day out. Tried to manually do the combines, but like I said previously, I have no disciple and can't watch trades move that trigger(unless I down a bottle of klonopin - and that's never a good idea). But I watch my programs without hesitation. It's quite exiting actually since I've been at this for so long. But I've always said, to be one of the best at anything it's a 10 year process. But I'm the kind of person who doesn't dip their toe in the water. If im going to do something, I'm going to do it the very best I can and work extremely hard almost to the point of obsession. Unfortunately vie been half ass trading up until a few years ago (luckily I have good clients). Then decided to take it very serious. And now, it will pay off. I will pass the 150K 10'day combine in a few weeks. I think I'm going to start Wednesday. I need about another 5 days of coding for the trade and risk management programs. ATMs just don't just don't cut it for me. They are powerful manual trading tools. But for automation, I'm just going to have to write it custom to the strats and current price action. Sorry, I do ramble. back to top step. If you think you can trade, but just can't seem to go from am to pro, start forcing yourself to follow tight parameters to be consistent. And the Top Step combines are helping me archive this in my programs. And there is always something new to learn. My next programs will be stat arb strategies. These 3 are liner multi time frame and multi data structure (range/volume/renko) price action predictors. Although I am starting to incorporate some unique ideas I have for AI and ML integration. I'll be posting some of my tools here soon as I've gained a lot of knowledge from the pros that program indys and talk shop in this form. And want to pay it forward. Anyway Yukoner keep up the good work with top step and I'll be joining the team soon!!

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  #317 (permalink)
 
DarkPoolTrading's Avatar
 DarkPoolTrading   is a Vendor
 
Posts: 1,036 since May 2012
Thanks Given: 1,244
Thanks Received: 1,326


traderlange View Post
You nailed it right on the head. They are looking for people who can earn day in and day out. If only a couple hundred dollars. I love the fact that their trade parameters are so tight. This is only making me a better trader, well, quant. I just finished my combine today and failed with flying colors. And I have been trading every derivative there is for at least 10 years. Some years up, some years down. But mostly down. Thank god I can write any software program on any platform a client puts in front of me, or I'd be homeless. Lol. But I plan on making a living writing market trading strategies. And since I come from a m$ bg c/c++ and now c# .net (although I'm starting to love obj-c, games for ios mostly) NinjaTrader is a perfect platform for me. Been wanting to try multicharts. But it's the same thing. I use NT to compile indicators and strats. But use VS .net (at times com) for all my analytical programming. And I always test using market replay and few ticks slippage(back testing is fine, but not real). And I I've finally put together 3 systems that make me money day in and day out. Tried to manually do the combines, but like I said previously, I have no disciple and can't watch trades move that trigger(unless I down a bottle of klonopin - and that's never a good idea). But I watch my programs without hesitation. It's quite exiting actually since I've been at this for so long. But I've always said, to be one of the best at anything it's a 10 year process. But I'm the kind of person who doesn't dip their toe in the water. If im going to do something, I'm going to do it the very best I can and work extremely hard almost to the point of obsession. Unfortunately vie been half ass trading up until a few years ago (luckily I have good clients). Then decided to take it very serious. And now, it will pay off. I will pass the 150K 10'day combine in a few weeks. I think I'm going to start Wednesday. I need about another 5 days of coding for the trade and risk management programs. ATMs just don't just don't cut it for me. They are powerful manual trading tools. But for automation, I'm just going to have to write it custom to the strats and current price action. Sorry, I do ramble. back to top step. If you think you can trade, but just can't seem to go from am to pro, start forcing yourself to follow tight parameters to be consistent. And the Top Step combines are helping me archive this in my programs. And there is always something new to learn. My next programs will be stat arb strategies. These 3 are liner multi time frame and multi data structure (range/volume/renko) price action predictors. Although I am starting to incorporate some unique ideas I have for AI and ML integration. I'll be posting some of my tools here soon as I've gained a lot of knowledge from the pros that program indys and talk shop in this form. And want to pay it forward. Anyway Yukoner keep up the good work with top step and I'll be joining the team soon!!

Hope you don't format your code like you format your posts

But I agree, TST is a great company and the way they've structured their combines in terms of risk parameters forces you to become a better trader. No doubt about that. There is absolutely no way you're getting through those combines unless you're on top of all aspects of your game from money management to psychology to market understanding to...etc

Good luck with your next combine.

Diversification is the only free lunch
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  #318 (permalink)
 
tderrick's Avatar
 tderrick 
Nashville, Tennessee
 
Experience: Intermediate
Platform: Ninja / Jigsaw / 9G
Broker: AMP / CQG
Trading: NQ, YM and ES
Posts: 1,588 since Sep 2010
Thanks Given: 4,260
Thanks Received: 2,532

Still looking forward to giving this a whirl someday


Aj

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AJ
Nashville, Tennessee


"Life On The Edge of SR"
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  #319 (permalink)
 Theodutchtrader 
Maastricht, The netherlands
 
Experience: Beginner
Platform: Ninjatrader and Multicharts
Trading: ES,NQ.YM and dutch stocks
Posts: 15 since Nov 2011
Thanks Given: 2
Thanks Received: 3

Does anybody have information how you as a junior or seniortrader be paid? Is this ones a month or two times a months.
I can't find any information on the site of topsteptrader.

  #320 (permalink)
 traderlange 
NY NY
 
Experience: Advanced
Platform: NinjaTrader
Broker: Amp/CQG
Trading: Futures - CL/GC/YM
Posts: 42 since Aug 2011
Thanks Given: 31
Thanks Received: 209



DarkPoolTrading View Post
Hope you don't format your code like you format your posts

But I agree, TST is a great company and the way they've structured their combines in terms of risk parameters forces you to become a better trader. No doubt about that. There is absolutely no way you're getting through those combines unless you're on top of all aspects of your game from money management to psychology to market understanding to...etc

Good luck with your next combine.

Hahah! As I look at that, the formatting is pretty rough. One big massive sentence. And thank you! I hope I do better too. Just have to stick to my strategies and never manually click buy/sell. Let me tell you, that's tough while watching charts. But I'm going to do it. Also writing a daily journal on the combine i just started yesterday. The hope I don't screw up log. Cheers!

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