Review of One up trader

caacapital said:
It looks like its assured though the probability is on their side that most evaluation accounts will fail to hit the target and meet the requirements. And then even if someone does make it they have them trading on sim until they feel the person is a really good trader(until they lose enough money betting against the trader) then move them to live even then they are only risking the draw down. More than likely the "funding partner" is Oneup trader themselves. I discovered another thing about these evaluation accounts i think i mentioned it already but the trailing stop moves up on gross profits NOT net profits so if you have a $1500 trailing stop and make a gross of $1500 and your commissions are $1499 you basically have a $1 trailing stop until you fail the combine. This obviously in not in the traders interest. still the lure of trading with someone elses money will add in emotions that generally are not there in demo accounts and anyone that has actually traded will acknowledge that this is much cheaper. If you are a good low drawdown day trader you have a good chance of success. Re looking at the rules of oneup and tst its true what people have been saying the higher drawdown is the way to go which brings another set of problems you now have to net $6000/month without skill doing this consistently is highly unlikely. And since most trade the thin products to meet these numbers even if they make it to a live account they will find that getting the same fills will be very different from the demo.
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I totally agree with you on that. The trailing max. drawdown is calculated in realtime using the paper profits which is a bit annoying. This is what happened on my first day in the live account. I took a trade in CL with 3 contracts, that moved 50 ticks in my favor and I managed to exit the trade for a 30 tick profit. But my trailing stop moved 1500 up and my profit on that trade is just 900. To be honest, I didn't know that it works this way even till I started trading the live account. Now I decided to exit the trade with limit orders till that damn thing (trailing max.drawdown )stops chasing me behind without looking for runners which is working good so far.
 
TraderJagadeesh said:
...I took a trade in CL with 3 contracts, that moved 50 ticks in my favor and I managed to exit the trade for a 30 tick profit. But my trailing stop moved 1500 up and my profit on that trade is just 900.
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If your trailing stop moved 50 ticks up, how did you then not capture the full 50-tick move? Did you keep pulling the trailing stop back as the position pulled back, and then exit at 30t profit? What the heck is the point of the trailing stop then?
 
Overnight said:
If your trailing stop moved 50 ticks up, how did you then not capture the full 50-tick move? Did you keep pulling the trailing stop back as the position pulled back, and then exit at 30t profit? What the heck is the point of the trailing stop then?
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The trailing max. drawdown is calculated based on unrealized profits with MES account. My trailing stop was 30 tick in favor of my trade when market was trading at 50 tick in favor of the trade. It came down and triggered my stop, but the trailing max. drawdown moved by 1500.
 
TraderJagadeesh said:
The trailing max. drawdown is calculated based on unrealized profits with MES account. My trailing stop was 30 tick in favor of my trade when market was trading at 50 tick in favor of the trade. It came down and triggered my stop, but the trailing max. drawdown moved by 1500.
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So they should call the "trailing max. drawdown" to something like "profit taken" minus Max Favorable Excursion.

The terminology they are using is outrageous. Sounds like another BS method to screw people who are being conservative. They should be rewarding you for taking profits, not penalizing for not taking more.
 
TraderJagadeesh said:
The trailing max. drawdown is calculated based on unrealized profits with MES account. My trailing stop was 30 tick in favor of my trade when market was trading at 50 tick in favor of the trade. It came down and triggered my stop, but the trailing max. drawdown moved by 1500.
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I've been with them for some time now and it's clear how the max trailing works. Like the evaluation process, it's the same when funded, therefore no surprises. You should work on money management if you ask me. You have 30-50 ticks you take it! I took the evaluation twice and withdrew 15x. I hate to say this but the key to winning here is to have a big account and trade it like a small one. MONEY MANAGEMENT!
 
TraderMat said:
I've been with them for some time now and it's clear how the max trailing works. Like the evaluation process, it's the same when funded, therefore no surprises. You should work on money management if you ask me. You have 30-50 ticks you take it! I took the evaluation twice and withdrew 15x. I hate to say this but the key to winning here is to have a big account and trade it like a small one. MONEY MANAGEMENT!
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It is mostly about correctly reading market situation form higher TF point. Big moves do not come every day and angle of the move how far it is from MAs and so forth tells when reversal is coming. Basically, I believe trailing stop for day trader is useless. But the method of calculating account trailing stop by counting unrealized profit is a surprise. How far the move should go in one's favor to trigger trailing stop move ?
 
TraderMat said:
I've been with them for some time now and it's clear how the max trailing works. Like the evaluation process, it's the same when funded, therefore no surprises. You should work on money management if you ask me. You have 30-50 ticks you take it! I took the evaluation twice and withdrew 15x. I hate to say this but the key to winning here is to have a big account and trade it like a small one. MONEY MANAGEMENT!
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You are spot on. I am trading a 100k account. I've no complaints except this one thing as this didn't allow me to hold for runners. Lesson learnt though. Till the withdrawal threshold is reached, the exits must be with limit orders as long as we are with MES capital.
 
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