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Updated March 7, 2022
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October 16th, 2012, 08:33 PM
Des Moines, Iowa
Experience: None
Platform: Ninja, TOS
Broker: AMP/CQG, TOS
Trading: CL, TF, GC
Posts: 1,641 since Feb 2011
Thanks Given: 9,220
Thanks Received: 1,021
Big Mike
How many people are using
NinjaTrader with Topstep now? My understanding is that it is now 100% available.
Mike
ya i was waiting for a couple ppl to pop in and give a report about usage..
dont believe anything you hear and only half of what you see
¯\_(ツ)_/¯
(╯°□°)╯︵ ┻━┻
Can you help answer these questions from other members on NexusFi?
Best Threads (Most Thanked) in the last 7 days on NexusFi
October 16th, 2012, 08:37 PM
Cincinnati Ohio
Legendary Master Data Manipulator
Experience: Intermediate
Platform: TastyWorks / NT
Broker: TastyWorks /NT
Trading: FX, Stocks, Options
Posts: 2,107 since Feb 2011
Thanks Given: 6,422
Thanks Received: 5,238
Big Mike
How many people are using
NinjaTrader with Topstep now? My understanding is that it is now 100% available.
Mike
I am using it and it is working well. Seems faster than the other data providers I was using. They still do not have my account setup correctly so i cannot report if the trades are being reflected accurately within TST. Will report back.
Robert
edit: I am using the built in sim account within NT to trade.
nosce te ipsum
You make your own opportunities in life.
October 16th, 2012, 08:41 PM
Des Moines, Iowa
Experience: None
Platform: Ninja, TOS
Broker: AMP/CQG, TOS
Trading: CL, TF, GC
Posts: 1,641 since Feb 2011
Thanks Given: 9,220
Thanks Received: 1,021
Silver Dragon
I am using it and it is working well. Seems faster than the other data providers I was using. They still do not have my account setup correctly so i cannot report if the trades are being reflected accurately within TST. Will report back.
Robert
edit: I am using the built in sim account within NT to trade.
sim account or combine sim account? or am i still wrong and you mean the sim key?
dont believe anything you hear and only half of what you see
¯\_(ツ)_/¯
(╯°□°)╯︵ ┻━┻
October 16th, 2012, 08:54 PM
Cincinnati Ohio
Legendary Master Data Manipulator
Experience: Intermediate
Platform: TastyWorks / NT
Broker: TastyWorks /NT
Trading: FX, Stocks, Options
Posts: 2,107 since Feb 2011
Thanks Given: 6,422
Thanks Received: 5,238
madLyfe
sim account or combine sim account? or am i still wrong and you mean the sim key?
I am not doing the combine yet. Using the member practice account which gives me access to the data feed. Since they dont have my account setup correctly I cannot submit orders via the practice account. So, I am using the built in Sim account (Sim101) within NT to place practice trades.
I think this answer is more confusing than my first answer!
Robert
nosce te ipsum
You make your own opportunities in life.
October 16th, 2012, 09:48 PM
Manta, Ecuador
Site Administrator Developer Swing Trader
Experience: Advanced
Platform: Custom solution
Broker: IBKR
Trading: Stocks & Futures
Frequency: Every few days
Duration: Weeks
Posts: 50,621 since Jun 2009
Thanks Given: 33,356
Thanks Received: 101,989
Paul "LuckyLogger" Bartell is the newest funded trader
This guy is an oil and gas trader. Not much detail in this interview, except that journaling was critical for him to learn from his mistakes. He also touched on loss limits and cutting losers quickly.
Mike
October 16th, 2012, 11:04 PM
New York, NY
Experience: Intermediate
Platform: Sierra Chart, thinkorswim
Broker: Amp-Rithmic/TT, IB
Trading: CL, GC, NQ
Posts: 601 since Nov 2010
Thanks Given: 2,039
Thanks Received: 259
josh
questions for @
Hoag :
There appears to be a very strange way that the overall stats are being calculated. Instead of being calculated as an entire set, they are calculated as a daily average. So right now my average loss is greater than my average win, but this is only possible if I have lost money net, and I'm up $800. So for two days my average loss was -$303 and -$150. You are averaging these two numbers, instead of averaging all trades. This is obviously not really correct -- if I have ten trades the first day all losing -$200 each, and one trade losing -$5 the second day, my average loss is -$182, not -$102. Help me please if I am misunderstanding this.
Does anyone understand how these stats work and why they're calculated this way? The overall average numbers don't make sense to me.
October 17th, 2012, 10:13 AM
Chicago Illinois
Experience: Advanced
Platform: T4
Trading: ES
Posts: 66 since Mar 2012
Thanks Given: 23
Thanks Received: 317
josh
Regarding the profit split, the info on
this page indicates that if a $30K buffer is built, that anything else
above that will receive an 80/20 profit split. Is this correct, @
Hoag ?
Josh,
Once you have accumulated net profits of 30k you receive the 80/20 split and do not need to maintain that cushion.
October 17th, 2012, 10:58 AM
Chicago Illinois
Experience: Advanced
Platform: T4
Trading: ES
Posts: 66 since Mar 2012
Thanks Given: 23
Thanks Received: 317
josh
Another 3 questions for @
Hoag :
Does max daily loss include open (unrealized) losses/
drawdown , or only closed losses? Say I enter a 15 lot which goes against me 4.25
handles , leaving me with a $3200 unrealized drawdown--will I receive a
margin call or have my position closed in this case?
How is a "trade" defined for the purposes of W/L, hold time, etc.? Is it by a single filled order, by
flat to flat, or what? Let's say I enter a 10 lot long. I add 1. I add 1 more. Now I flatten. How many "trades" is that? What if I were to
scale out ?
There appears to be a very strange way that the overall stats are being calculated. Instead of being calculated as an entire set, they are calculated as a daily average. So right now my average loss is greater than my average win, but this is only possible if I have lost money net, and I'm up $800. So for two days my average loss was -$303 and -$150. You are averaging these two numbers, instead of averaging all trades. This is obviously not really correct -- if I have ten trades the first day all losing -$200 each, and one trade losing -$5 the second day, my average loss is -$182, not -$102. Help me please if I am misunderstanding this.
Josh,
With regard to your first question, when your unrealized loss goes over the daily loss limit , the risk manager will flatten your position and your loss limit will be hit.
Second, trades are looked at in a first in, first out fashion and trades that are "scaled in or out" at different prices are viewed as separate trades.
Third, the way you are calculating the statistics is the way we do. If there is a discrepancy, please let us know about it via email to support.
Thank you Josh, Trade well!
October 17th, 2012, 11:16 AM
Georgia, US
Legendary Market Wizard
Experience: None
Platform: SC
Broker: Denali+Rithmic
Trading: ES, NQ, YM
Posts: 6,315 since Jan 2011
Thanks Given: 6,887
Thanks Received: 18,524
@Hoag , thank you for the answers!
October 17th, 2012, 01:29 PM
Manta, Ecuador
Site Administrator Developer Swing Trader
Experience: Advanced
Platform: Custom solution
Broker: IBKR
Trading: Stocks & Futures
Frequency: Every few days
Duration: Weeks
Posts: 50,621 since Jun 2009
Thanks Given: 33,356
Thanks Received: 101,989
Last Updated on March 7, 2022