How to Set Up Tradovate for Take Profit Trader

Connect Tradovate to your Take Profit Trader account and configure the platform for Take Profit Trader's trailing eod (floor moves up at end of day) rules. This guide covers connection, verification, and recommended risk settings.

Connection Steps

Create your Take Profit Trader account

Sign up at https://takeprofittrader.com and purchase your evaluation. You will receive login credentials and a data feed connection string via email.

Download and install Tradovate

Download Tradovate from the official website. Run the installer and follow the setup wizard.

Add the data feed connection

Open Tradovate and navigate to Connections or Data Feed settings. Add a new connection using the server address, username, and password from Take Profit Trader.

Connect to the data feed and verify market data is streaming. Check that your account balance matches your Take Profit Trader dashboard.

Configure risk settings

Set position size defaults, max order quantity, and any ATM strategies to prevent accidental oversizing that could breach Take Profit Trader rules.

Recommended Settings for Take Profit Trader

--Set a daily loss alert at 1.8% (80% of Take Profit Trader's 2.2% limit) so you stop trading before the hard cap.
--Enable end-of-day position flattening if possible. Trailing drawdown resets at session close, so flat positions reduce overnight risk.
--Take Profit Trader does NOT allow overnight holding. Set an auto-flatten or reminder 5 minutes before market close.
--Weekend holding is not allowed. Close all positions before the Friday session ends.
--Save your workspace template after configuring so you can restore it quickly if settings are lost.

Take Profit Trader Rules at a Glance

Drawdown Type	Trailing EOD (floor moves up at end of day)
Max Drawdown	3%
Daily Loss Limit	2.2%
Overnight Holding	Not allowed
Weekend Holding	Not allowed
News Trading	allowed

Try a Free Audit

Check a trade against Take Profit Trader's rules for the $25,000 account. No sign-up required.

Take Profit Trader$25,000Daily limit: $2.2Max DD: $3

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Take Profit Trader Rules Drawdown Simulator Take the Quiz