Passing my first Topstep Combine
This is my first time trading with TopStep. I purchased 5 x 50k Combines and will use a trade copier to take the same trades on all 5 accounts.
Differences between the Apex and Topstep evaluations.
Profit Target: Apex $3000, Topstep $3000
Max Contracts: Apex 10, Topstep 5
Minimum Trading Days: Apex 7 (sometimes 1 during promotions), Topstep 2
Consistency: Apex No, Topstep max day not to exceed 50% (plus a small buffer)
Daily Anti-Tilt protection: Apex No, Topstep $1000
Max loss: Apex $2500 trailing highest unrealised profit, Topstep $2500 fixed from previous end of day.
Day 1
Trade: The trade number on this day.
DCA: Dollar Cost Average - This increases each time a trade is added to a losing trade.
AIP: Add In Profit - This increases each time a trade is added to a winning trade.
Entry: Time in UTC.
Exit: Time in UTC.
Size: The number of ES contracts traded.
Direction: Long or Short.
MAE: Maximum Adverse Excursion. This is the maximum number of ticks the trade moved against me during the duration of the trade.
TC: Ticks Captured. The number of ticks captured by the trade. A negative number indicates a loss. To calculate the profit, multiple TC by Size.
Day 2
Trade reports
Topstep trade reports are nicely formatted. The objectives are listed and it is easy to see at a glance what needs to be done to pass.
My thoughts on the Topstep Combine vs Apex Evaluation
The Topstep Combine is easier to pass because it has a static drawdown. Note my last trade on the first day would have blown an Apex evaluation due to trailing drawdown, but I was fine with Topstep as I had already built up a 24 tick buffer that I could use.
Topstep rules work against gambling: 2 days minimum, 50% consistency, $1000 anti-tilt.
Apex rules encourage gambling: 1 day to pass and double the contract size.
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