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  • #26,041
  • Nov 11, 2023 4:07pm Nov 11, 2023 4:07pm
Quoting forexbali
{quote} What do you mean for unlimited? I tried to buy more than 1 eval at 11$ but doesn't allow me for the same discount. Can you check? where we can see the rules?
I am buying on Monday so cannot confirm. At Topstep Discord group i asked and been told is unlimited use. One person on discord said bought 2 so should work i guess.
  • #26,042
  • Nov 11, 2023 4:23pm Nov 11, 2023 4:23pm
Quoting CableJ
{quote} their contract limit rules are ridiculous. 50K has a lot size limit of 5.
It's the " Futures style "
By the way, if you scale, 5 contracts on Nasdaq are 100$ by point, means 100 lots and still better on SP500. Gold is less good but too Ok.
  • #26,043
  • Edited 5:56pm Nov 11, 2023 4:42pm | Edited 5:56pm
Quoting youngD
{quote} I am buying on Monday so cannot confirm. At Topstep Discord group i asked and been told is unlimited use. One person on discord said bought 2 so should work i guess.
I made a mistake, I used veteran11 and not veterans11 second time
ok I got the second

so which is the rule for who buys 10 for example and pass 10 evals? you can keep the others parked and use at future time correct? they pause the billing.
in holiday till end of November
  • #26,044
  • Edited 6:10pm Nov 11, 2023 5:56pm | Edited 6:10pm
Quoting Nehemah
{quote} It's the " Futures style " By the way, if you scale, 5 contracts on Nasdaq are 100$ by point, means 100 lots and still better on SP500. Gold is less good but too Ok.
My problem is not Topstep's limit of 5 contracts, that is more than enough at my max risk of 0.80% per trade during the combine/eval (5 straight losses from initial bal to bust), I would only need 1 mini. It's how they handle micros, once @ express account/scaling plan stage, I would drop the risk down to 0.35% (11-12 straight losses from initial bal to bust) & risk management could become problematic with the way they handle micros.
  • #26,045
  • Nov 11, 2023 6:01pm Nov 11, 2023 6:01pm
Quoting CableJ
{quote} My problem is not Topstep's limit of 5 contracts, that is more than enough at my max risk of 0.80% per trade during the combine/eval, I would only need 1 mini. It's how they handle micros, once @ express account/scaling plan stage, I would drop the risk down to 0.35% & proper risk management could become problematic with the way they handle micros.
There is a way. When I visited first time and studied all the rules of TopStep, I was thinking that the unique way to manage the risk if you need to trade just micros is to open 4 micros than when you need more, you have an ES and you close the 4 MES or you arrive to 5 MES and you close 1 MES and open one ES.

At some point you will double your risk, but is the unique way of that limit of 5 lots whatever they are ES or MES.

I will let you know around wednesday how it goes to me, there will be lots of action with the economic data coming in the middle of the week we will test topstep, I will try to manage them with a different style I have in mind.

Also remember that commissions for micros are higher on topstep, so with 1 tick you go in loss and not in profit like in Apex. Just to remind.
in holiday till end of November
  • #26,046
  • Nov 11, 2023 10:01pm Nov 11, 2023 10:01pm
Quoting CableJ
{quote} My problem is not Topstep's limit of 5 contracts, that is more than enough at my max risk of 0.80% per trade during the combine/eval (5 straight losses from initial bal to bust), I would only need 1 mini. It's how they handle micros, once @ express account/scaling plan stage, I would drop the risk down to 0.35% (11-12 straight losses from initial bal to bust) & risk management could become problematic with the way they handle micros.
A lot of folks not digging deep enough....apex does not charge exchange fees once live. topstep is $116-122 per exchange.....if you trade DOW and NAS, for example, you are $232-244 per month.
  • #26,047
  • Nov 11, 2023 10:09pm Nov 11, 2023 10:09pm
Quoting Stoneyrocks
From what I have seen so far, this is a great deal ; for a lousy $57 /month during the qualification period ( and exhange fees from step 3 ) , you can work your way up to a fixed drawdown of $20K the TCP50 of earn2trade step 1 : EOD drawdown step 2 : EOD drawdown step 3 : Trailing DD step 4 : fixed DD of $6K step 5 : fixed DD of $20K {image} {image} and withdraw profits when you want .. {image}
No one can reach step 5 at earn2trade. Those who can wouldn't buy these garbage offers. If you don't believe, just ask earn2trade if they have traders at step 4.
  • #26,048
  • Nov 11, 2023 10:37pm Nov 11, 2023 10:37pm
Quoting pipmaster77
{quote} A lot of folks not digging deep enough....apex does not charge exchange fees once live. topstep is $116-122 per exchange.....if you trade DOW and NAS, for example, you are $232-244 per month.
they have express funded and live account, they move there only after you got payout and you deal with them for it

so I think there is not this exchange data to pay as professional till that time

also earn2trade do that, and you can opt to don't move in live
in holiday till end of November
  • #26,049
  • Nov 11, 2023 10:40pm Nov 11, 2023 10:40pm
Quoting Cryptosurf
{quote} Credibility is earned not taken for granted. Your ongoing erratic behavior spamming and shilling scammy FX Props ie: Bespoke, sunk your credibility. You have no idea how to judge a prop firm outside some ridiculous ranking system created by you. Then you started acting like a deer in the headlights with futures props made you look even worse. Having a temper tantrum because no one wants to listen to you any longer nailed your coffin.
Hey Crypto, long time follower of you and many others on here but maybe you can come to a resolution as I would hate to see this thread come to a disagreement forum or who's right or wrong. I've been a follower since Mastermind created, I don't post much due to my chromosome introvert gene. I feel everyone here has plenty to offer and I respect you and Andy 100% and have taken both inputs with logical and practical insight. Do what you feel but I think most readers respect both opinions in high regard and due diligence. I'm a veteran, 26 years in and I come to this forum to learn and escape my daily politics. I just ask to disagree and disagree with respect. The Tranny name calling is somewhat disrespectful and some members have gravitated to that and I'm not accusing you of it. I love my country, the US and would put my life on the line without remorse for my family and those that don't. I just want this thread to continue thriving, whether Apex or FX. Let's keep sharing, growing and learning together. Feel free to curse at me or whatever, we all have one goal at the end of the day. Trading successfully and being prosperous.
  • #26,050
  • Nov 12, 2023 12:08am Nov 12, 2023 12:08am
Quoting pipmaster77
{quote} A lot of folks not digging deep enough....apex does not charge exchange fees once live. topstep is $116-122 per exchange.....if you trade DOW and NAS, for example, you are $232-244 per month.
wait..... is that at the express account stage? I guess they are classifying you as a pro live... non pro data fees are not that crazy.
  • #26,051
  • Nov 12, 2023 12:41am Nov 12, 2023 12:41am
New to futures here. Just wondering, why Topstep requires you to close all trades at 3:10 PM (CST)? What about Swing or bigger timeframe traders? How can they trade with Topstep with this rule?
  • #26,052
  • Nov 12, 2023 1:48am Nov 12, 2023 1:48am
I'm taking a prop firm challenge and they're running the demo account on Eightcap, which I'm not really happy about--and I'm already noticing spread markup. (Eightcap had a spread of .11% on a currency pair that I traded and, at the exact same moment, the same pair on TWO other brokers was about .05%.)

I've heard that the crappy brokers use Virtual Dealer Plugins, but I'm wondering is there any check that you can do on the Eightcap skin of MT4 that shows you the existence of the plugin? Is there a .dll I can check for or a file?
  • #26,053
  • Nov 12, 2023 2:48am Nov 12, 2023 2:48am
To change a little bit the subject from futures back to fx... How is the people's experience with 5ers? A week or 2 ago I remember some were saying that they were getting really bad fills and price manipulation. Did the trading conditions go back to normal?
  • #26,054
  • Nov 12, 2023 3:15am Nov 12, 2023 3:15am
I paid 149$ activation fee with Topstep. You can have 3 active accounts funded, other are pending, when you fail one you start other funded. If i will be able to withdraw (4 more days with 200$ profit needed) i share what is next. It is not perfect offer. My way of thinking is that i need the lowest entry price, this is my risk. So paying 11$ to have one month opportunity is nothing let's be serious. Other factors after passing challenge are not so important at this moment. We don't have even guarantee that next 2 weeks industry will be there, so why bother.
  • #26,055
  • Edited 5:54am Nov 12, 2023 3:44am | Edited 5:54am
hi
  • #26,056
  • Nov 12, 2023 3:50am Nov 12, 2023 3:50am
Quoting ladder
{quote} No one can reach step 5 at earn2trade. Those who can wouldn't buy these garbage offers. If you don't believe, just ask earn2trade if they have traders at step 4.

remember the Myforexfunds stats ?

“This means overall, just 0.28% of the people who start an evaluation end up earning a profit split and getting their evaluation fee back. “

Attached Image (click to enlarge)
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Are you new here ?

the offer is not garbage , most “wannabe traders” are garbage
  • #26,057
  • Nov 12, 2023 4:57am Nov 12, 2023 4:57am
Quoting forexbali
{quote} "I was". Don' know if you understood I had an issue friday on the breakout I lost. Or you are happy I'm doing bad after I did well. But it is ok. I don't take it as a bad comment.
No, I'm not referring to you loss, I'm not happy about your loss.
I'm saying that you quickly understood how to trade the futures coming from forex background.
As many traders saying here that it is not easy to trade futures.
  • #26,058
  • Nov 12, 2023 6:21am Nov 12, 2023 6:21am
Quoting TrAndy1
@Capablanca and @Pipmaster77 did you get it what I tried to say with the math behind the Apex offers ?
No, I didn't. But doesn't matter.

The offer is very good for me (and I think for Pipmaster also) and it's crap for you. Not a problem all.
Each one should spend the money wherever they think it's worthwhile.
  • #26,059
  • Nov 12, 2023 6:26am Nov 12, 2023 6:26am
Quoting josh1111
Not trying to enter into arithmetic battles here and I really do not endorse anything in these spaces for the obvious reasons(shady crap everywhere) but I think the Apex offering is pretty good for me. I like no Daily Drawdown, no pricefeed manipulation and that I only pay big fees after passing the eval. That by itself for me way overshadows the Eval Fee refunds from the few Fx Props left that pay. That being said Trailing DD is very tough and not taking that seriously enough while being aggressive today on a new timeframe with the wrong instruments,...
The "trick" to me is not to consider the full trailing stop (2500) as the max DD but just a part of it. Like 1000 to 1500 on worse scenario.
Then the calculations became easy. 3000 target and 1000 or 1500 DD.
Same for funded. If funded achieved then we have 1000 or 1500 max DD.
  • #26,060
  • Nov 12, 2023 6:32am Nov 12, 2023 6:32am
Quoting Cryptosurf
{quote} If the account is blown you can either pay the $50 reset to regain access or wait till the next subscription cycle for it to reset.
Paying the 50 reset is only worthwhile if a new account cost more than 50, right ?

My thought is: why paying a reset if one can forget that account and start a fresh new one for less than 50.

Am I missing here any detail ?
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