NexusFi: Find Your Edge


Home Menu

 





Topstep experience and review


Discussion in Funded Trading Evaluation Firms

Updated
      Top Posters
    1. looks_one tr8er with 9 posts (8 thanks)
    2. looks_two VirtualMark with 9 posts (2 thanks)
    3. looks_3 shokunin with 6 posts (12 thanks)
    4. looks_4 jlabtrades with 5 posts (12 thanks)
      Best Posters
    1. looks_one jlabtrades with 2.4 thanks per post
    2. looks_two shokunin with 2 thanks per post
    3. looks_3 Eratosthenes with 1 thanks per post
    4. looks_4 tr8er with 0.9 thanks per post
    1. trending_up 12,715 views
    2. thumb_up 44 thanks given
    3. group 10 followers
    1. forum 43 posts
    2. attach_file 0 attachments




 
Search this Thread
  #41 (permalink)
 tr8er 
Europe
Legendary Market Wizard
 
Experience: Advanced
Platform: SierraChart, BookMap
Trading: ES, CL, 6E, 6B
Posts: 678 since Jan 2017
Thanks Given: 228
Thanks Received: 722


Eratosthenes View Post
But that's only a general configuration for all orders, as far as I know and IMHO thus makes sense only as a secondary safety measure. I want to set SL/TP for each order and instrument individually of course. Every Trading Platform I've used so far offers this possibility for each order seperately, many directly in the order window.

yes for sure, but you can also set your PT/SL after you entered your trade, I know there are lot things on the wish-list, so it would be smart to discuss this in der         TopstepX Channel. I'm not a fan of this platform, but it seems they develop it and add new features, but the platform is relatively new and for sure becomes better and better


Reply With Quote
  #42 (permalink)
Eratosthenes
Göttingen, Germany
 
Posts: 16 since Nov 2021
Thanks Given: 2
Thanks Received: 14


tr8er View Post
yes for sure, but you can also set your PT/SL after you entered your trade, I know there are lot things on the wish-list, so it would be smart to discuss this in der         TopstepX Channel. I'm not a fan of this platform, but it seems they develop it and add new features, but the platform is relatively new and for sure becomes better and better

This doesn't help, if you're not in front of the screen when the limit order gets triggered. I have now passed one 50k combine. I'll start four more combines, but definitely not with topstepx then.

So question to the community: which platform would you then recommend for topstep? I have only experience with Metatrader and Interactive Brokers Trader Workstation so far.

I do mostly scalping, especially on the one minute chart, so far. Pure price action with little to no technical analysis, often news trading and always heavilly based on intuition out of many hours of observing the chart.
So basically I still regard myself as more of an "advanced beginner", because I haven't used the DOM so far and admittedly pay seldom regard to volume. I definitely want to change this. Volume, DOM, Order Flow, TPO...these are tools I want to use in the future.

I know that sierra chart seems to be one of the best. It's reasonably priced but has a steep learning curve, especially considering that I have only basic experience with MT and TWS, restricted to my above mentioned very simple trading style. Maybe too complicated for me at my current stage?
Quantower should be easier, though I don't know how useful it is in it's free version and 70$/month for the unrestricted version it's quite pricey. Ninjatrader has a huge user community, but I've read many comments that it cannot match up to Quantower in many aspects.

So bite the bullet and go straightaway for sierra charts? Or better first start with something like Quantower or...?


Reply With Quote
Thanked by:
  #43 (permalink)
 tr8d3r 
Sydney+Australia
 
Experience: Beginner
Platform: NinjaTrader + daytradr
Trading: futures
Posts: 109 since Feb 2014
Thanks Given: 102
Thanks Received: 152


Eratosthenes View Post
So basically I still regard myself as more of an "advanced beginner", because I haven't used the DOM so far and admittedly pay seldom regard to volume. I definitely want to change this. Volume, DOM, Order Flow, TPO...these are tools I want to use in the future.

So bite the bullet and go straightaway for sierra charts? Or better first start with something like Quantower or...?

If you are planning to move to trade DOM, have a look at https://www.jigsawtrading.com/ product. it is another alternative to SC, and it is easier to work with. Support is good as well.


Reply With Quote
  #44 (permalink)
 jlabtrades 
San Diego, CA
 
Experience: Intermediate
Platform: Tradovate & TopStepX
Broker: Tradovate
Trading: Futures / 0dte
Frequency: Many times daily
Duration: Minutes
Posts: 189 since Jun 2023
Thanks Given: 117
Thanks Received: 152


Eratosthenes View Post
This doesn't help, if you're not in front of the screen when the limit order gets triggered. I have now passed one 50k combine. I'll start four more combines, but definitely not with topstepx then.

So question to the community: which platform would you then recommend for topstep? I have only experience with Metatrader and Interactive Brokers Trader Workstation so far.

I do mostly scalping, especially on the one minute chart, so far. Pure price action with little to no technical analysis, often news trading and always heavilly based on intuition out of many hours of observing the chart.
So basically I still regard myself as more of an "advanced beginner", because I haven't used the DOM so far and admittedly pay seldom regard to volume. I definitely want to change this. Volume, DOM, Order Flow, TPO...these are tools I want to use in the future.

I know that sierra chart seems to be one of the best. It's reasonably priced but has a steep learning curve, especially considering that I have only basic experience with MT and TWS, restricted to my above mentioned very simple trading style. Maybe too complicated for me at my current stage?
Quantower should be easier, though I don't know how useful it is in it's free version and 70$/month for the unrestricted version it's quite pricey. Ninjatrader has a huge user community, but I've read many comments that it cannot match up to Quantower in many aspects.

So bite the bullet and go straightaway for sierra charts? Or better first start with something like Quantower or...?

Just to add more insight their TSX product is actually licensed from a company called Sim2Funded or ProjectX and they do seem to respond to enhancement requests. They are still very new and dont have everything a fully broker / day trading app will have. There is no way to auto set a stop except for all orders like was listed.

I like Tradovate and their platform if you want another option for TopStep, but any of this platform do work if it has the features you are looking for


Follow me on X Visit my NexusFi Trade Journal Reply With Quote




Last Updated on February 9, 2025


© 2025 NexusFi®, s.a., All Rights Reserved.
Av Ricardo J. Alfaro, Century Tower, Panama City, Panama, Ph: +507 833-9432 (Panama and Intl), +1 888-312-3001 (USA and Canada)
All information is for educational use only and is not investment advice. There is a substantial risk of loss in trading commodity futures, stocks, options and foreign exchange products. Past performance is not indicative of future results.
About Us - Contact Us - Site Rules, Acceptable Use, and Terms and Conditions - Downloads - Top
no new posts