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I use exclusively price action, price is the primarily leading indicator with a combination of other tools such as volume [but not fancy volume profile studies], volatility and intermarket analysis that is basically it, and a couple of other things related …
I signed up today and as far as I can see, it all looks ok so far.
I am pretty sceptical normally, but after some reading and reviewing, I am encouraged by what I've found.
In summary I have learned the following:
The instructions are pretty clear on their site and control panel
They prefer you to use NinjaTrader but you can use Sierra Charts too (and many others)
The setup is straight forward
You pay a monthly subscription ONLY during your evaluation phase, however long that takes you
You are evaluated for 15-days by which you have the usual risk/bankroll management controls to adhere to
It's futures only
Upon passing your 15-day evaluation, you go into 'probation' for a period of 90 days.
If you fail to qualify, you can 'reset' your account by paying $100 to have another go for 15-days and your subscription continues to be paid monthly until you pass. This will likely filter out the gamblers.
Would it help if I shared some more of the rules as I find them?
I signed up today, I guess I am still looking for others to confirm that their experience was good.
So far I have enjoyed what I have seen on their site.
I signed up for the 50k account and I need to hit a profit of 3k in 15 days, without hitting my loss limits.
I'm trading single contracts on the YM and ES with a 50k demo during my evaluation.
I'm going to be using a momentum strategy as they tend to run nicely when you catch it.
Isn't the rule that you must trade a minimum of 15 day's? The evaluation continues after that, untill you failed or completed with a payment every month as long as you are in the evaluation account.
As far as I am aware, you have a 15-day period in which to achieve your profit target. I don't believe it's a minimum of 15-days. More like a maximum.
If you achieve target within the 15 days, for example after day 8, you can submit your request to be 'validated'. The OneUp team them assess your results and decide whether or not to promote you into their probation period. This period is also classed as being funded.
I am led to believe that the monthly fees only happen during evaluation, not probation. If you fail evaluation, but wish to have another attempt, your monthly fees will continue.
I'll know more next week.
After day one I am $405 towards my $3,000 target. I am keeping a video blog which I will splice together at the end