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TopstepTrader's Michael Patak (President) - Ask Me Anything (AMA)
Started:February 8th, 2013 (07:49 PM) by Big Mike Views / Replies:112,192 / 862
Last Reply:November 29th, 2016 (11:51 AM) Attachments:14

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TopstepTrader's Michael Patak (President) - Ask Me Anything (AMA)

Old July 10th, 2013, 08:01 PM   #181 (permalink)
Elite Member
Philadelphia, PA
 
Futures Experience: Advanced
Platform: Multicharts, Ninja Trader
Broker/Data: Mirus/ZF
Favorite Futures: CL
 
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Thanks: 8 given, 12 received

thank you Michael....will do

LG

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Old July 10th, 2013, 08:17 PM   #182 (permalink)
Elite Member
Brisbane, QLD
 
Futures Experience: Intermediate
Platform: NinjaTrader_TT_Amibroker
Broker/Data: IB, AMP Clearing
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Good luck to 9baller and thank you to Michael Patak for all the answers on this thread.

XS

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Old July 10th, 2013, 09:17 PM   #183 (permalink)
Site Administrator
Manta, Ecuador
 
Futures Experience: Advanced
Platform: My own custom solution
Favorite Futures: E-mini ES S&P 500
 
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Posts: 45,539 since Jun 2009
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Tip


There will be a Live AMA session on Thursday, July 25th @ 12:00 PM ET.

- Quick and casual, 30 minute cap
- No prepared presentation
- Live screen sharing
- Floor will be opened immediately to questions
- Recording uploaded to AMA thread afterwards
- Attend live to get your questions answered

The link for the event is:
https://www3.gotomeeting.com/register/282447510




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.

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Old July 10th, 2013, 11:16 PM   #184 (permalink)
Elite Member
wa/ usa
 
Futures Experience: Intermediate
Platform: schwab, metatrader, OEC,T4,TDameritrade
Favorite Futures: CL ES 6C 6E
 
Posts: 254 since Oct 2012
Thanks: 197 given, 436 received

Michael,

I know you have been very faithful with CTS T4 and I am not aware of what kind of a business relationship you have with CTS. However, just out of curiosity why would you never consider switching over to OEC. Rock solid, no problem with Ninja and plenty of other options. I was trading practice in T4 and real live on OEC side by side when the #'s came out this morning. T4 dom couldnt even keep up with it (and it was on auto center) and OEC was sailing smoothly. OEC has "EVERYTHING" that T4 offers and plenty more options. Its been built right from ground up. Plenty of options including individual legs for each lot in OEC. I know it a big step but sometimes you have to sell the beatup car cause the repairs are more than the cost of a new one. I know my rant isnt going to make a difference but after working with T4 over a month it still has same issues over and over and its just the platform.

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Old July 10th, 2013, 11:28 PM   #185 (permalink)
Site Administrator
Manta, Ecuador
 
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Platform: My own custom solution
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Posts: 45,539 since Jun 2009
Thanks: 28,884 given, 80,122 received

Futures Edge on FIO
I would like to remind everyone that TopstepTrader is offering futures.io (formerly BMT) Elite Member's 20% off their first combine. I know there has been a lot of activity on this thread recently so wanted to mention it. I was working on that page tonight as I am planning to add another partner offer soon.

https://futures.io/elite_membership/

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.

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Old July 11th, 2013, 12:01 AM   #186 (permalink)
Elite Member
Georgia, US
 
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Platform: Various
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Thanks: 5,143 given, 11,194 received

I've said it before and will just offer the friendly reminder, that there are other software apps that work perfectly out of the box with TST with their CTS data besides T4. Not sure why TST does not ever mention alternatives. Those who have been waiting for 6-8 months could have already been using something else which you might even like better, or at least given it a shot.

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Old July 11th, 2013, 01:00 AM   #187 (permalink)
Trade Wise, Trade Well!!
Des Moines IA USA
 
Futures Experience: Advanced
Platform: InverstorRT, NinjaTrader
Broker/Data: Mirus Futures/Zen-Fire
Favorite Futures: ES
 
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Posts: 114 since Oct 2012
Thanks: 86 given, 109 received


MarketPilot View Post
I am also glad to see Ninja is getting close. I have an additional question regarding Ninja licensing too. I'm curious if I have Ninja installed, will I change my current license for the combine or install a second instance of Ninja? I know I can not run two instances of the same Ninja, but I have not tried to install to two different directories and run two separate copies.

With all the recent activity on this thread, I think this question got missed.

Trade Wise, Trade Well

John
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Old July 11th, 2013, 06:33 AM   #188 (permalink)
Elite Member
prague, czech republic
 
Futures Experience: Intermediate
Platform: NT7, MT4
Broker/Data: LMAX
Favorite Futures: DAX, Gold, Euro
 
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josh View Post
I've said it before and will just offer the friendly reminder, that there are other software apps that work perfectly out of the box with TST with their CTS data besides T4. Not sure why TST does not ever mention alternatives. Those who have been waiting for 6-8 months could have already been using something else which you might even like better, or at least given it a shot.

It amazes and amuses me - people letting opportunity pass by due to some tools attachments. Imagine a construction worker passes on a possibly career-changing contract due to inability to take his gismo-ladden laser-guided pneumo-drill to the a new construction site and despising the idea of working with electric drill preferring sitting on welfare!

Trade to live. Not live to trade.
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Old July 11th, 2013, 07:26 AM   #189 (permalink)
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Mumbai, India
 
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Platform: ChartNexus
Favorite Futures: Stocks, Commodities, Futures
 
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Posts: 1,462 since Feb 2012
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In Praise of T4


xelaar View Post
It amazes and amuses me - people letting opportunity pass by due to some tools attachments. Imagine a construction worker passes on a possibly career-changing contract due to inability to take his gismo-ladden laser-guided pneumo-drill to the a new construction site and despising the idea of working with electric drill preferring sitting on welfare!

Not to go too off-topic here, but I honestly think that T4 too is a gizmo-laden laser-guided pneumatic drill.

And I saying this because I haven't used other tools in the combine - just that T4 fulfills its responsibilities and it serves it purpose very well.

As for the defects - problems with scaling positions, problems with non-scalable basic charts (see edit below) etc. I agree - but I try to keep my data platform separate from execution platform so that isn't an issue.

For me T4 as an execution platform is "between good and great".

Edit:

For the UI challenged amongst us (includes me!) @xelaar outlined the procedure to scale charts:

Drag time or price scale bars on bottom or right side of the chart with right mouse button pressed instead of left (for scrolling).


Thanks @xelaar - you are true to your image that John projected in your interview - "goes out of the way to help others".


Last edited by iqgod; July 11th, 2013 at 08:22 AM.
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Old July 11th, 2013, 07:53 AM   #190 (permalink)
Elite Member
prague, czech republic
 
Futures Experience: Intermediate
Platform: NT7, MT4
Broker/Data: LMAX
Favorite Futures: DAX, Gold, Euro
 
xelaar's Avatar
 
Posts: 1,514 since Feb 2013
Thanks: 1,724 given, 2,588 received



iqgod View Post
Not to go too off-topic here, but I honestly think that T4 too is a gizmo-laden laser-guided pneumatic drill.

And I saying this because I haven't used other tools in the combine - just that T4 fulfills its responsibilities and it serves it purpose very well.

As for the defects - problems with scaling positions, problems with non-scalable basic charts etc. I agree - but I try to keep my data platform separate from execution platform so that isn't an issue.

For me T4 as an execution platform is "between good and great".

Charts are perfectly scalable. Actually I like T4 charts way more than Ninja. I consider Ninja charting inferior to many platforms, graphically-wise and user-friendliness wise. Multicharts can stand well with T4, not Ninja. DOM is much better in T4 than in Ninja and especially MC. It lacks strategies, that probably the only real fault of T4.

Trade to live. Not live to trade.
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