TopstepTrader Q & A

[padutrader]

Yes, I take your point.

TST have been saying that they intend to have a spot forex Combine, too, in additional to the current futures one (but to be honest they've now been saying that for an awfully long time - I mean years - without it ever materializing, so I wouldn't hold my breath waiting for it!).

There'll be equivalent front-month futures for some of the spot forex pairs you trade, though: I used to trade EUR/USD and GBP/USD when I first started trading, and I still sometimes trade 6E and 6B futures now (which are essentially the same thing, just like 6J is essentially the same as JPY/USD, i.e. the inverse of the usual USD/JPY traded in spot forex, etc.).

You're probably 4.5 hours ahead of London time, in India? But you must be used to that? What do you mostly trade at the moment?

eurusd usdjpy aussie and usdcad

 

[MISSSNP]

Trade a minimum of 5 days or 10 days. Does that mean at the end of 5 days or 10 days, does my account have to be above 50k if I am funded for 50k (evaluation)?

 

[p0box4]

Trade a minimum of 5 days or 10 days. Does that mean at the end of 5 days or 10 days, does my account have to be above 50k if I am funded for 50k (evaluation)?

Xela already answered your question on the previous page.

Please, read everything you can find here, it answers 99% of your questions ...
https://help.topsteptrader.com/hc/en-us

 

[MISSSNP]

how many traders in the combine are actually discretionary vs systematic traders? 90/10?
systematic=coded system, automated if you desire, discretionary=trade from your gut, with the rationalization of market behavior, patterns, etc.

 

[Lukas V]

how many traders in the combine are actually discretionary vs systematic traders? 90/10?

Is there a way of knowing? Would even TopStep know the answer to that?

 

[MISSSNP]

the performance stats to be beat in 10 days or more, for 50k, is a target profit of 3k, with mdraw of 2000 , and max wkly loss of 1000. Is there a system for sale for tradestation, or ninja, that performs with these stats, and only daytrades, i.e., exits by 3pm cst? BET NOT!

 

[Lukas V]

Is there a system for sale for tradestation, or ninja, that performs with these stats, and only daytrades, i.e., exits by 3pm cst? BET NOT!

Obviously not - if there were, who'd be stupid enough to use it to pass a combine rather than setting it to run permanently in the futures market and retiring to their yacht in the Caribbean?

the performance stats to be beat in 10 days or more, for 50k, is a target profit of 3k, with mdraw of 2000 , and max wkly loss of 1000.

Are you saying that to point out that you think it's difficult?

If you were putting up your money to back traders, with no entry qualifications apart from the combine, would you want it to be easy or difficult?

Of course it's difficult.

Trading is difficult.

That's realistic, isn't it?

It hasn't stopped hundreds of people from passing the combine and getting funded accounts.

 

[Lukas V]

the performance stats to be beat in 10 days or more, for 50k, is a target profit of 3k, with mdraw of 2000 , and max wkly loss of 1000.

Actually you still have some of it wrong, there. But whatever. Never mind. You obviously want to complain about it rather than learn about it. I might even feel the same way if I'd been a member of the forum for 18 years and was still trying to get funded.

 

[Topstep]

Hi, everyone!

We're a little late to the game on this conversation. Thank you @Xela, @RDK91 and @Lukas V for helping out with questions. You all are very knowledgeable about TopstepTrader; we appreciate your time. We noticed that some things still need clarification:

1. Funded traders are funded by TopstepTrader. There is no third party providing capital; our traders are solely funded by us.
2. Once a funded trader, you can stay a funded trader as long as you pay commission fees and don't break any rules. There is no 1-year limit on being funded.
3. When a trader is funded, we understand that life can happen and he or she may not be able to trade frequently for whatever reason. If a trader gives us a heads up that they're going on a trip or have a family emergency, we are understanding of circumstances. However, if a funded account is dormant for an extended period of time, we include in the funded trader contract the right to close a Trading Account.

We hope this provides some clarity. We do our best to keep up with a conversation on this thread. However, if you need a question answered promptly, emailing us at support@topsteptrader will be the quickest way to get in contact with us.

- TopstepTrader Team

 

[MISSSNP]

achieving a 3000 profit with a 2000 drawdown, with a max weekly loss of 1000 is very hard... to design a system, and code it, and see if the hypothetical can perform with these parameters, is hard to achieve as well. And, "who'd be stupid enough to use it to pass a combine rather than setting it to run permanently in the futures market and retiring to their yacht in the Caribbean?" what good is a system, if you don't have the capital to run it, and to attract capital on a hypothetical track record is difficult enough. But yes, you're not stupid if you use it pass a combine and trade the funded account!!