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Tradovate had just as many outages before NinjaTrader acquired them. If anything, Tradovate made NinjaTrader worse because it led to Ninja removing offline mode in their 8.1 bright orange redesign.
Can you help answer these questions from other members on NexusFi?
Thanks for the links to the past issues, I hadnt thought to search reddit and didnt realize there was a whole subreddit on it - I only checked this website. Looks like I got lucky and missed some really bad days there with Tradovate issues. I hope that doesn't happen again, like I said I quite like trading on it compared to the others
I guess I'd rather have people losing subscription fees to a demo account in a prop firm than losing real money in the market. The best option would of course be sim and training, but everyone wants to rush the process.
Or do you mean Apex is not profitable and will go under soon? I really see this as the only true cost risk of Apex, is if they run out of money and can't pay you out.
You can always sign up for other prop firms and use a trade copier to get funded with multiple different companies at the same time, minimizes risk of a single prop firm not paying out. That's what I do
I just finished a TopStep combine, and while I made money, I didn't make it in-line with their consistency rule. I also found that TopStep asks for 2x the profit target as Apex, and I found myself forcing myself to be way more aggressive in my trading than my strategy can handle, in order to hit the higher target during a slow month like August...
I feel much better about being able to hit the Apex target in the given time, without going outside my aggression comfort zone...
Profit-target/draw-down limit @ # of contracts (vendor)
$1,500/$1,500 @ 4 contracts (APEX) vs $3,000/$2,000 @ 5 contracts (TopStep)
$3,000/$2,500 @ 10 contracts (APEX) vs $6,000/$3,000 @ 10 contracts (TopStep)
Only thing to watch out for in APEX is the live draw-down limit (draw-down limit is based on your MFE on your best trade while its open), not based on what you actually pocketed (not based on FlatToFlat equity curve)... TopStep is based on FlatToFlat... which is a way nicer...however, as long as your not experiencing big equity swings in your trading, I feel Apex gives a bigger chance of passing the combine... Most importantly, there is no consistency rule for passing APEX...so if you trade crappy all month, but then finally snag a good runner and reach your profit target, you're ok... in TopStep you can't have one good day to pass--you have to have at least 2-3 good days in a month to pass...so with TopStep, you could have earned $6,000 for a required $3,000 target, and still not pass... I much prefer the Apex method of limiting your withdrawals until you get a few of those big days banked, rather than force you to keep trying out and paying their fees... I feel TopStep needs to lower their targets to closer to $1,500 for the 5 contracts, if they want to see good consistency...
For some reason TopStep also doesn't work with Tradovate in NinjaTrader. When I tried them a month ago, they said they disabled Tradovate in NinjaTrader for some reason. Whereas Apex has never had a problem with Tradovate
Not for some reason... there's a specific reason... they had a massive outage at the end of July, and had a TON of head-aches as a result... so they have disabled Tradovate for now.
There are also unsubstantiated rumors that Ninja was trying to take out Tradovate as a competitor (charting & broker combo dealer), and that there will continue to be issues between Tradovate & ninja because of this...