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I just noticed that when I logged into my dashboard it shows me the possibility to enable alerts.
This is a great idea!! it is helpful to receive notifications just in case we forget about any news or event. I really liked it.
***SUGGESTION FOR TOPSTEP***
LOOK INTO GOLD MICROS !!
If I can suggest something to the topstep team: I would encourage TopStep to allow trading the Micro-GOLD (MGC). I noticed that you allow to trade mini-crude oil (QM). In my experience Micro Gold is much more liquid than that. This is a comparison of volumes between Gold and Crude and their respective micros and mini versions:
GC (full gold)--->80K to 160K contracts per day
QO (mini gold)--->200 to 800 contracts (very illiquid)
MGC (micro gold)---->26K to 95K contracts per day (very liquid)
CL (full WTI contract)----->100K to 230K
QM (mini WTI contract)----> 6500 to 9000 (very illiquid)
basically QM has 20 times less volume than CL, whereas MGC volume is only one third of GC volume.
In the past I overlooked the potential of MGC because of the name, I thought that mini-GOLD had much more volume than the micro, so once I looked into the mini and I saw no volume, I didn't even bother to look into the micro.
For some reason people like the micro and it's quite liquid.
I personally trade it in my personal account on a daily basis and the difference between GC and MGC even in the most volatile situations is only a couple of ticks.
1. See posts 1166, 1170, 1173 a couple of pages back
2.The trailing drawdown does stop during the evaluation.
"Also, once the Trailing Maximum Drawdown reaches the initial starting balance of your account, it won’t change for the remainder of your evaluation period. This means that if you were to make $2,500 the next day and your account balance is $52,500, your Trailing Maximum Drawdown will move up to $50,000 and stay there until the account is passed into Step 2, reset or canceled." https://help.futures.topstep.com/hc/en-us/articles/235514547-What-is-the-Trailing-Maximum-Drawdown-
You do not win as a trader, you just get to play again the next day. If that game doesn’t appeal to you then you should not trade. Gary Norden
Would there happen to be any updates on Topstep's future compatibility with Sierra Chart? I saw a post from the Sierra Chart team on their forum about trying to work out something with Rithmic. (From Jan 6/2021 sierrachart dot com/SupportBoard.php?ThreadID=55799 )
Guys, the problem isn't TopStep, the problem is Sierracharts, they have tried to kick out all the industry-leaders (Rithmic, CQG,....) and don't support them anymore, just to allow their clients to use their own data (denali).
I guess it took a while that they understood that the industry works with or without SC + denali and not support Rithmic, CQG,.. is not just a good idea, it is stupid.
I agree with the last three posts. I do understand that SC is not liking Rithmic, or CQG either, and from what they have written over time about technical issues they have had with them I know they have their reasons. But the world will beat a path to their door if they have something better, not if they just withdraw in a huff, as they have been inclined to do....
Whether their own data and order routing solution is a better mousetrap or not, the world hasn't beaten that path yet. I hope they can be more constructive, because their platform is very good -- but if users can't use it, there's a problem there.
---------------------
On a more positive note, I went to the link posted by @geistflow and trudged through the many posts in the thread until the last one, which I hope is going to be the future:
"Rithmic is actively working on new integration for Sierra Chart using the DTC protocol.
(Last date is 1/6/21, unfortunately not that recent. There's nothing more as of now.)
The "DTC protocol" is something invented and pushed by SC, and apparently not widely adopted in the industry, that SC says will fix the issues they have had with Rithmic and others, and open the door to their being willing to support connecting to them again.
We can hope that some industry cooperation takes place and this platform can use these other data feeds again.
@Topstep, please reply if you are aware of this and if you know anything more, and/or if you are at least monitoring the progress. Not having Sierra Chart is losing you potential customers... not your fault, but it's losing them regardless.
Bob.
When one door closes, another opens.
-- Cervantes, Don Quixote