TopStep Trader Competition

Recently a client wanted to see an example W. D. Gann’s methods put to the test. Specifically, they wanted to see the trading consistency with W. D. Gann’s time-price predictions. So we took a trading competition by TopstepTrader.com that has tougher parameters than actual trading often does. We took trade entries in the competition strictly from our W. D. Gann price-time predictions for market reversals into a simulator from Topstep Trader. DISCLAIMER: This competition was taken on a third-party verified simulator and does not reflect actual trades or account results. Please see hypothetical disclaimer at bottom of page.

Topstep Trader is a trading firm here in Chicago that offers simulator “tryouts” with strict rules, many of them tougher than actual professional trading parameters. The draw-down rules are especially tough. The parameters to pass one of the tryouts and get funded is much tougher than normal trading. The drawdown is too stiff to take the risk necessary to get longer runs. But hey, we didn’t invent this thing. If you achieve the profit objective and follow the rules, Topstep then gives you a professional prop account to trade.

These results are controlled by the third party (Topstep in this case) and the results cannot be altered in any way. Of course our trading hit the profit objective and passed the rules with flying colors, so we thought we would post those results here on the site. Verified by a third party and not being able to be altered, this gives you a good idea of the power ad consistency of the intraday trading methods of W. D. Gann. Normally Gann techniques would have much larger profit targets and risks, but we thought we’d give this a go to show the high percentage of profitable trade signals with W. D. Gann’s methods. In this competition, Gann’s methods showed an extremely low drawdown. Read the competition rules below.

As you click on the results for each futures contract keep the following in mind. This series of hypothetical trades only illustrates scalps with just 2 of the methods in our “MAGIC IN THE MARKETS” Course. The risk parameters on this simulator would only let us take these small trades dues to a max drawdown of $500 AT ANY TIME. Trading up to 3 contracts, that might be unrealistically tight in actual trading. Gann’s techniques applied to modern markets typically would have much larger targets and risks. First, we entered each trade with only 1 contract! Second, we took a smaller than usual profit on most trades (especially the ES S&P mini) because the client wanted to see how consistent our entries were over many trades. Third, look at the draw-down and losing days. Most losses were 1 or 2 ticks, which in reality we consider slippage on break-evens. The account never really drew down, except for one day where our stop was not respected by the simulator.

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CFTC RULE 4.41

HYPOTHETICAL OR SIMULATED PERFORMANCE RESULTS HAVE CERTAIN LIMITATIONS. UNLIKE AN ACTUAL PERFORMANCE RECORD, SIMULATED RESULTS DO NOT REPRESENT ACTUAL TRADING. ALSO, SINCE THE TRADES HAVE NOT BEEN EXECUTED, THE RESULTS MAY HAVE UNDER-OR-OVER COMPENSATED FOR THE IMPACT, IF ANY, OF CERTAIN MARKET FACTORS, SUCH AS LACK OF LIQUIDITY. SIMULATED TRADING PROGRAMS IN GENERAL ARE ALSO SUBJECT TO THE FACT THAT THEY ARE DESIGNED WITH THE BENEFIT OF HINDSIGHT. NO REPRESENTATION IS BEING MADE THAT ANY ACCOUNT WILL OR IS LIKELY TO ACHIEVE PROFIT OR LOSSES SIMILAR TO THOSE SHOWN.

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