Yes, the max contract rule hasn't changed. We also note that in your account you didn't try to close the contract within 10 seconds or even close it at all, but that is besides the point. Plenty of people pass the examination every day, 20 in the last four days, over 300 in the last three months, and we post them everyday in Instagram. It's not impossible to pass by any stretch of the imagination. You don't like the consistency rule, the max traildown, or the max position size. We get that, and we also understand that it is upsetting to blow the exam or blow an account. Please communicate to the customer support agent that you would like them to delete your email when the subscription is up. We aren't in the business of harassing people and we certainly don't want to send you something you don't want.
Earn 2 Trade the gauntlet
- Thread starter caacapital
- Start date
Yes, the max contract rule hasn't changed. We also note that in your account you didn't try to close the contract within 10 seconds or even close it at all, but that is besides the point. Plenty of people pass the examination every day, 20 in the last four days, over 300 in the last three months, and we post them everyday in Instagram. It's not impossible to pass by any stretch of the imagination. You don't like the consistency rule, the max traildown, or the max position size. We get that, and we also understand that it is upsetting to blow the exam or blow an account. Please communicate to the customer support agent that you would like them to delete your email when the subscription is up. We aren't in the business of harassing people and we certainly don't want to send you something you don't want.
I agree that there are too many obstacles to think of with this company and some others. However, I find myself thinking more of the disadvantages or what I accuse to be and not making it simple for me. For example, I could trade one setup a day with one contract and not worry about trailing, subscription roll over, consistency rule or whatever obstacle I think there is. Sometimes when I hit the market buy or sell, it accidentally doubles the order. I think it's a glitch on NinjaTrader part. So I gotta be extra careful.
We are actually working on a video right now for people who are taking the Gauntlet Mini, and one of our "insider tips" is to do what you are saying. Regarding NinjaTrader, you have to consider that sometimes when you double-click on the close command it will actually send a reverse position. They speak about it in detail here:
i keep seeing this misinformation being spouted by folks from Earn2Trade so just wanted to correct this in case anyone's thinking of attempting these evaluations.
i'm sure everyone knows by now that the trailing DD employed by Earn2Trade (mini-Gauntlet), Oneuptrader, Leeloo, Speedup, etc. trails based on unrealized PnL. yes, it's scammy and basically punishes those trying to ride out a move instead of scalping for ticks. for example, if your trade goes $1000 in unrealized profit but comes back down to breakeven, although you technically haven't lost any money, your trailing DD moves up $1000 (as if you're -$1000 in the red).
now with TST, during the evaluation stage (step 1 & 2), the trailing DD trails only based on EOD realized PnL. so if you have a $2000 trailing DD on the 50k TST combine, technically you can even dip below -$2000 as long as you're above it by EOD AND you haven't violated the daily loss limit ($1000 for the 50k account, in this case).
once you're in the live account with TST, the trailing DD still trails based on realized PnL but it's just that you can no longer dip below the max trailing DD. if you have a $2000 trailing DD on the 50k TST live account, the moment you hit that -$2000 DD, they close you out (this is what TST means when writing "liquidated intraday (based on unrealized PnL))." but since the trailing DD moving up is still only based on realized PnL, if you're in a position that goes $1000 in profit, but comes back down to breakeven, your trailing DD will not have moved up by $1000.
when it comes to the trailing DD and how it's computed, there's no question TST is head and shoulders above Earn2Trade or Oneuptrader. what's worse is whenever i brought up this issue with Earn2Trade, they repeatedly told me that it's outside of their control b/c it's baked into Rithmic's risk management system.
but if that's the case, how come TST is able to offer their version of the trailing DD despite also using Rithmic? it's clearly possible as evidenced by TST. they just don't want to offer it...for various reasons ;-)
Firstly, it is not scammy. You can call it blue or pink or scammy or suede, it won't change that it is an effective risk management tool and we feel no guilt in employing it.
Secondly, we only posted what was written on their site. I didn't know there could be another interpretation of "liquidating intraday against unrealized PnL". We don't know why it would say that if it wasn't the case. You are stating that it trails on realized PnL, so it's a strange wording of the rule at the least, but I see what you are saying, and if I was mistaken then I apologize. We stated our reasons for trailing on unrealized PnL here, and if you were told otherwise by our customer support agent they may in fact be providing you with outdated information (or it was actually the case at the time you asked).
In the not so distant past, Rithmic's risk system only permitted trailing on EOD or on open PnL. They have changed that very recently. At the time, TST may have been able to do that with Tradovate or with NinjaTrader directly as they might have separate risk management systems. That is neither here nor there, because we have no intention of changing the trailing drawdown calculation.
We have great respect for TST, but we do not have the same rules and we run a different program. Our examination has one step as opposed to two. We have a consistency rule while they do not. We do not restrict traders from trading events, and they do. There are many differences between our companies and our examination programs, however we would say confidently that if traders do not take our examination then we would happily recommend TST as the only other legitimate firm offering real trading accounts that we are aware of.
I didnt try to close it because it I have encountered that before what would be the point of closing it and i still dont qualify? I made that I closed it as soon as I opened it before and the response was you can reset for $99. Of course its possible to pass it which why i elected to do it I've passed several tst combines and made money one them seeing the $99 deal for the 50k made the consistency rule more bearable since the max daily profit($900 30% of $3k) would be greater than what i would ideally lose in a day.
I am going to use the data and demo and cancel before the renewal unless you can cancel it now and allow me to use the rest of my data? but i know the answer to that already as well.
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I can tell you from my experience they dont care about software errors I've noted a software error with Sierra where it showed i closed a position but it actually wasnt closed the standard response for them is you violated a rule you can reset for $100. I would stop trading with them until that is resolved.
My mistake was going with the mini I think Ill just do the regular Gauntlet the up front cost was the main opposition was that my typical topstep from step 1 to pro is about 2 months but just to get my return of money i spent on these minis Im going to pass the Gauntlet. The only thing that eliminates you is losing 10% no consistency rule or live trailing drawdown to worry about.
Most times I am really stubborn on the fact that it is good money management that will keep you in the game. This imo entails cheap trades, one to two setups, Daily Loss Limit 400 dollars or less in a 150k account with the combines etc, set my mindset that I am trading at least 4hrs to look for one or two setups where in reality I can get one in less than half hr (this prevents me from fomo). I only trade NQ.
There has been conversation here about extra contracts appearing that were not intended. Rithmic in the Gauntlet has a problem in that it does add unintended contracts to your account. I have had this happen in two different Gauntlets and more than one time in the first Gauntlet. The first time Rithmic could not find a problem so they said I clicked twice. But the exact time stamp down to the thousands of a second was 1/3 the time that I could physically click a mouse. Then they said it was my mouse that was defective so I changed out my mouse for the next Gauntlet and the problem still happened again.
The next Gauntlet I was literally watching my position and I saw the 1 contract change to a 2 then 3 seconds later it changed to a 3 which caused an instant failure. To E2T's credit they did give me a free reset after that, although they did not respond a few days later when I asked if Rithmic had found the problem. I think they just write it off as pilot error -- sort of reminds me of Boeing. The problem was only fixed by them going into my Rithmic account and limiting my total maximum contract position to 1 contract which is what I wanted.
So, if you bomb out by having too many contracts in the Gauntlet it may not be your fault.
The next Gauntlet I was literally watching my position and I saw the 1 contract change to a 2 then 3 seconds later it changed to a 3 which caused an instant failure. To E2T's credit they did give me a free reset after that, although they did not respond a few days later when I asked if Rithmic had found the problem. I think they just write it off as pilot error -- sort of reminds me of Boeing. The problem was only fixed by them going into my Rithmic account and limiting my total maximum contract position to 1 contract which is what I wanted.
So, if you bomb out by having too many contracts in the Gauntlet it may not be your fault.
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