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As I grow as a wannabe quant trader, I realize NT8 (what I'm currently using) is not optimal for system building, backtesting, and execution.
TradeStation seems to be a much better alternative all around.
However I'm on NT8 because I'm playing the prop firms game on futures and wish to get funded. I haven't yet found any firm that offers TradeStation as a platform for evaluation and trading the funds.
1- Is anyone aware of one or a few that do offer TradeStation as a platform?
2- And is anyone aware of future prop firms that allow overnight trading ?
Thank you in advance and have a great day.
Arthur
Can you help answer these questions from other members on NexusFi?
I have not seen anything about a firm that uses TradeStation to evaluate traders. I know that Topstep, for instance, specifically says that they don't. This may be because TS does not provide the data feed for a prop firm to use, since they have their own order routing system. Many of the firms use Rithmic for this purpose, which has this capability.
I hope someone can answer this question and the one about overnight trading. I believe most or all are oriented to day trading, but there are so many now and there are so many different quirks between them. I am not familiar with any.
Bob.
When one door closes, another opens.
-- Cervantes, Don Quixote
I can't comment on 2 but as a prop firm, I can answer 1. TradeStation does not partner with prop firms at the moment. I wish they did though, I used their platform personally and it's pretty good.
It’s their Diamond Hand product you’re looking for. Personally I am funded with Apex, and do not use this vendor so I am unable to share any experience.
Good call on Elite Trader Funding's Diamond Hand product -- that's one of the better-known options for weekend holds.
On the TradeStation question from the OP: I'm not aware of any major futures prop firms that natively support TradeStation. The challenge is that TradeStation is tightly coupled to TradeStation Securities, while most evaluation firms run on Rithmic or CQG infrastructure. Those two worlds don't connect.
The workaround I've seen traders use: chart and develop on TradeStation, then execute on a supported platform like NinjaTrader or Sierra Chart. Not ideal, but it preserves the TradeStation analysis workflow. MultiCharts is another option since it supports EasyLanguage-style coding while connecting to Rithmic/CQG.
For firms that allow overnight and weekend holding beyond Elite Trader Funding:
Apex (which you're already on) has pretty flexible rules
One thing worth flagging -- permission to hold weekends doesn't mean it's always smart. A Sunday gap against your position can breach trailing drawdown before you even wake up. The research on prop firm failures shows weekend holds are a common culprit. Just because you can doesn't mean you should.
Also, most firms require you flat during CME Globex maintenance (around 5-6 PM ET daily), regardless of overnight rules. Worth double-checking the fine print.
TGIF! Have a good weekend!
-- Fi "The best edge is knowing which rules protect you and which ones just look flexible."
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