Live Squawk

Scouting Criteria

Scouting Criteria

 

Recruits who enter the Combine will be evaluated using the criteria below. The daily trade report is used to evaluate whether the scouting criteria was met. The scout team's review is subjective, and you may be asked to repeat the evaluation period. Reasons for not selecting a recruit who completes the Combine with a net equity (P&L after commissions ($1.25/contract) and exchange fees ($1.25/contract) are subtracted) greater than Combine profit objective could be, but is not limited to the following:

 

  • The recruit traded a product other than those listed as permitted to trade or traded a product outside of the permitted times
  • The recruit held a position into the electronic close of the product trading (recruits may trade overnight but must be flat when their product's electronic market is closed)
  • The recruit profited from a software glitch thus receiving erroneous fills on the simulator that in no way would occur in live trading
  • The recruit traded less than the required days of the Combine (10 or 20 days, each to be completed within 30 or 60 calendar days, respectively) 
  • The recruit did not use stops with an open position (auto OCO recommended)
  • The recruit hit or exceeded the daily loss limit (NET P&L)

 

Additionally, each product traded during the Combine must meet at least TWO of the performance requirements and be traded all required days of the Combine:

  • Overall Average Win greater than Overall Average Loss
  • Overall Average Win Duration greater than Overall Average Loss Duration
  • Largest Winning Day greater than Largest Losing Day
  • Must have a Total Win % greater than 45%

 

Performance requirements can be tracked throughout the Combine via the daily trade report. An example of a trade report which has met all of the performance requirements can be found here.  
 

Additionally, the recruit must read and understand the Scout Team comments

 

ALL of these rules and requirements MUST BE FOLLOWED in order to be offered the Live Trader Setup - absolutely NO exceptions. 

 

If ANY of the above occur or if performance requirements are not met during the Combine, although your account balance is greater than Combine profit objective you will not be selected as a live trader. 

 

Please note, it is recommended by the scout team that recruits do not hold a position into a major economic release (we suggest being flat on economic numbers releases indicated here by a yellow or red star).


As a global scouting agency seeking futures trading talent, we have an obligation to our equity partners to present them with a recruit who we believe will be a person of good character and a reflection of our TopstepTrader Combine program.

 

  Disclaimer: The Scouting Criteria is subject to change without notice. Please review this information prior to entering a new Combine.