Topstep 50k Max contracts on Micros · InvestCEO with Kyle Henris

Apr 14 (edited) • Tech-Software discussion

Topstep 50k Max contracts on Micros

Edit

Answer:

Unlike Apex, Topstep does NOT convert minis to micros for contract limits! Apex 1 mini =10 micros - TopStep 1 mini = 1 micro. Apex 50k limit is 10 minis, or 100 micros. Topstep 50k limit is 5 minis, or 5 (still) micros.

Sources: Ryan Henris confirms in comments below. Day 4 of Zero To Launch, Kyle answers this, "not to pick on Topstep" lol @ ~58:20 timestamp.

-----

Hello. Earlier this afternoon, I noticed the algorithm sent in some orders tradovate rejected. Didn't think much anything of it.

Now on lunch I wanted to dig into it, as to "WHY".

Here's screenshots of the two trades on 1 minute candles and tradovate report. *Order block is just the trade it did take, I heard in aftermarket review video it was turned off, so that's why there was the flattened market sell at the top of the hour*

I took this info to Topstep and got this answer - screenshots included: basically whether it is Minis or Micros, the max amount one can be trading (for 50k) at a time is 5.

From my understanding, Apex does the standard 10-1 on mini-micro; So 100 micros contracts to 10 minis (even though we are not getting close to that).

I see Topstep allows it ONLY on their own platform, TopStep X.

I was wondering if this involves TopSteps scaling rules, or if there's any particular reason behind this...if someone could better explain it. 🤷

Apologies for long post. Hopefully this is thorough enough. Thanks for any insight!

4 comments