Review of One up trader

Discussion in 'Prop Firms' started by caacapital, Aug 12, 2017.

  1. This is already in my trading plan. I am testing forward with 1:2 risk to reward. making it consistent. I understand logic behind that.
     
    #181     Mar 3, 2018
  2. be sure to test it using the min lot size for your combine because you can only trade that amount once your get funded look at the scaling targets for the sizes.

     
    #182     Mar 4, 2018

  3. I will be on one contract until I have enough cushion to double. Having r:r adjusted take profit consistently takes care of that max winning day vs 3 average winning days too.
     
    #183     Mar 6, 2018
  4. That works to but most ppl can’t get back in after getting out with a profit for fear of losing that profit
     
    #184     Mar 6, 2018

  5. Not within one day. For doubling I need to have cushion build to cover few max losing days. My daily loss limit is 500-600$. To double I need at least $5000 on my account.
     
    #185     Mar 6, 2018
  6. Biotic101

    Biotic101

    Hello all - thanks for this interesting and reasonable discussion - it actually convinced me to give OneUp a try after initially being really sceptical about the business model and to register here as well. Have to say I am positively surprised so far (only two days on a 50k account yet) . Since I started trading only like 10 months ago besides working full time, the analytics there help me to visualize my weaknesses and motivating me to improve my trading. Not that I wouldn't have done this before but not to this extent. So far I have 76% winning trades, but just realized 82 ticks before commission of 38 since my holding time is way too short...

    But not trading my own money should help me with better practicing how not to realize profits too early.

    And there is the one point I dont like so much about OneUp - usually I trade also swing and try to rather not scalp too much, but the trailing rules are not helpful with that at the start. I will have to adjust over time and keep an eye on this 80% rule as well , puh :)

    So far it seems on the social boars that quite a lot of traders manage to get funded, but naturally many drop out after loosing their discipline right afterwards. If you are interested I would continue to write some updates - naturally I am still sceptical until the moment, where I would receive my first successful withdrawal...
     
    #186     Apr 5, 2018