Question 1

Can you trade news on Take Profit Trader?

Accepted Answer

Yes, Take Profit Trader allows news trading in all phases. You can trade during high-impact news events like NFP, FOMC, and CPI without restrictions.

Here is the breakdown by phase:

-Evaluation: news trading is fully allowed
-Funded: news trading is fully allowed

Take Profit Trader trades on NinjaTrader, Tradovate, TradingView and covers futures.

Question 2

Can you hold overnight on Take Profit Trader?

Accepted Answer

No, Take Profit Trader requires you to flatten all positions before the market closes. You cannot hold trades overnight in any phase.

Question 3

Can you hold over weekend on Take Profit Trader?

Accepted Answer

No, Take Profit Trader does not allow weekend holding. All positions must be closed before the market closes on Friday.

Question 4

Can you use EAs/bots on Take Profit Trader?

Accepted Answer

Yes, Take Profit Trader allows the use of Expert Advisors (EAs) and automated trading bots. You can run algorithmic strategies on NinjaTrader, Tradovate, TradingView.

Question 5

What happens if you hit drawdown on Take Profit Trader?

Accepted Answer

If you hit the maximum drawdown limit on Take Profit Trader, your account is immediately terminated. All open positions are closed and you lose access to the account.

Question 6

How to reset Take Profit Trader challenge?

Accepted Answer

To reset your Take Profit Trader challenge, you need to purchase a new evaluation. Take Profit Trader does not offer free resets.

Can you trade news on Take Profit Trader?

More Take Profit Trader Questions