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Trading Topstepfx rules for funded account

  • #1
  • First Post: Edited Mar 4, 2019 5:42am Feb 27, 2019 2:51am | Edited Mar 4, 2019 5:42am
I'm going to use my Oanda practice account linked to this thread to trade all currency pairs using the ridged criteria required to gain access to a 200k brokerage funded trading account. I'm going to use step 2 rules as the rules are the same as step 1, accept step 2 only allows a 0.6% draw down or $650 before your ineligible to be funded. I will be trading 1 or 2 full contracts (lots) at any given time. My goal is to pick up about 14 pips per 1 contract in order to get to the $2000 dollar amount, as well as the 35 lots needed as quickly as possible. I have posted the requirements below. micro-pivotfx@MPivotfx
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  • #2
  • Feb 27, 2019 3:00am Feb 27, 2019 3:00am
Below are the pairs allowed to be traded.
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  • #3
  • Feb 27, 2019 3:09am Feb 27, 2019 3:09am
Today's event calendar. No major economic releases today.
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  • #4
  • Feb 27, 2019 3:13am Feb 27, 2019 3:13am
shouldnt you choose to go realistic, and instead a 100k account replicate the real size of a TST account?
hint, the 2 lot (200k) buying power at 50:1 leverage IS NOT 100k account size.
(the margin call function as an effective SL, and a deterrent of anything rogue like opening too many trades "by mistake". that anyway is instant disqualification).
so many tend to misread that 200k brokerage account....that is more like 4k on TST side. the rest is the leverage.
not to mention that you should start out effectively with the monthly fee deducted
anyway, these are little fun technicalities,
best of luck with your trading!
there is always, always another trade!!
  • #5
  • Feb 27, 2019 3:27am Feb 27, 2019 3:27am
Quoting profitfarmer
shouldnt you choose to go realistic, and instead a 100k account replicate the real size of a TST account? hint, the 2 lot (200k) buying power at 50:1 leverage IS NOT 100k account size. (the margin call function as an effective SL, and a deterrent of anything rogue like opening too many trades "by mistake". that anyway is instant disqualification). so many tend to misread that 200k brokerage account....that is more like 4k on TST side. the rest is the leverage. not to mention that you should start out effectively with the monthly fee deducted ...
it doesn't matter. People can take what they want from this.
  • #6
  • Feb 27, 2019 3:28am Feb 27, 2019 3:28am
TRADE 1 EUR/GBP
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  • #7
  • Feb 27, 2019 3:56am Feb 27, 2019 3:56am
Quoting PhaseCapital
{quote} it doesn't matter. People can take what they want from this.
wrote for your benefit.
in hope to have an eye opener, that you can have 4k capital 50:1 leverage and trade exactly the same TST rules,
but
WITHOUT FEES, and for 100% profit.
i believe that little snippet at math behind TST's offer should help you and others.
once again, best of luck with your trading!
there is always, always another trade!!
  • #8
  • Feb 27, 2019 4:16am Feb 27, 2019 4:16am
Quoting profitfarmer
{quote} wrote for your benefit. in hope to have an eye opener, that you can have 4k capital 50:1 leverage and trade exactly the same TST rules, but WITHOUT FEES, and for 100% profit. i believe that little snippet at math behind TST's offer should help you and others. once again, best of luck with your trading!
I'm in step 2. Thanks for your incite.
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  • #9
  • Feb 27, 2019 8:27am Feb 27, 2019 8:27am
Quoting PhaseCapital
TRADE 1 EUR/GBP {image}
Trade 1 complete, 14 pips
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  • #10
  • Feb 28, 2019 1:46am Feb 28, 2019 1:46am
Trade 2, GBP/CHF
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  • #11
  • Edited 2:09am Feb 28, 2019 1:49am | Edited 2:09am
Quoting PhaseCapital
Trade 2, GBP/CHF {image}
Trade 2, complete. 15 pips.
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  • #12
  • Feb 28, 2019 4:44am Feb 28, 2019 4:44am
Today’s Event calendar.
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  • #13
  • Feb 28, 2019 2:52pm Feb 28, 2019 2:52pm
Trades, 3, 4, and 5. GBP/AUD.
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  • #14
  • Edited 3:13pm Feb 28, 2019 3:00pm | Edited 3:13pm
Quoting PhaseCapital
Trades, 3, 4, and 5. GBP/AUD. {image}
Trades, 3, 4, and 5. GBP/AUD completed. 31 pips.
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  • #15
  • Feb 28, 2019 3:09pm Feb 28, 2019 3:09pm
Trade 6, hopefully. CAD/JPY.
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  • #16
  • Mar 1, 2019 5:05am Mar 1, 2019 5:05am
Today’s event calendar.
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  • #17
  • Edited Mar 2, 2019 10:12am Mar 1, 2019 5:24pm | Edited Mar 2, 2019 10:12am
Quoting PhaseCapital
Trade 6, hopefully. CAD/JPY. {image}
Trade 6, and 7 Complete. 22.8 pips. Trade 6 had the largest draw down so far -$220. I had to hedge it off with trade 7. Also had to close before CAD-GDP report at 8:30am. Most of my trades are multi day tops or bottoms. I would typically make my trades and let them ride with a stop loss, but in order to get to 35 trades as fast as possible I look for about 14 pips which is typically where it will reverse and test the top again.
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  • #18
  • Mar 4, 2019 5:17am Mar 4, 2019 5:17am
Trade 8 hopefully. GBP/JPY
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  • #19
  • Mar 4, 2019 5:21am Mar 4, 2019 5:21am
Topstepfx event calendar.
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  • #20
  • Mar 4, 2019 9:33am Mar 4, 2019 9:33am
Quoting PhaseCapital
Trade 8 hopefully. GBP/JPY {image}
Not heading to my trade target at this point, so looking at EUR/CAD for potential trade 8.
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