Trader Talent Pro Platform
Frequently Asked Questions
Yes. When you register on TraderTalent.com you will automatically be issued with a 2 week free trial of the Trader Talent Pro trading platform with a demo balance and live data as well as 2 weeks of live Squawk. No credit card required.
Watch how to get your free trial here:
There are both browser and downloadable desktop versions available for Apple and Windows.
To download the desktop version this link will detect your operating system and start the appropriate download.
Yes, there are Windows pc and Apple Mac versions available.
To download the correct version simply click this link which will auto-detect what system you are using.
Yes, single click order entry on a ladder (also known as DOM – Depth of Market) is available in Trader Talent Pro.
Yes. Referred to as a TPO chart it can be found in the BetaChart module for now if not in the standard charting yet
Getting Started FAQ
Your username and password for Trader Talent Pro will be the same username and password that you already use on tradertalent.com. Remember, both username and passwords are case sensitive.
You will be able to access the login page (pictured below) once you have registered, via the Account section in tradertalent.com
Once you are logged in to TraderTalentPro you will see a + tab in the top left hand corner. By clicking on this tab you will have options to drag and drop any new tabs such, as new trading ladders, charts, quote boards, order tickets and much more.
Don’t worry, click the + tab at the top left of the main screen and on the right hand side you will find “workspace templates”. Here you will have the option to choose from a previously saved workspace or you can choose the default workspace.
All Tryouts and Live traders will need to purchase exchange data from within TraderTalentPro. This is a cost the exchanges charge and is of no financial benefit to Trader Talent. Payments are handled by a thrid party. You can choose your data and pay with card by going to ‘Application settings’ icon in the top right then selecting Market Data in the popup and following the instructions.
Generally you will want to select the ‘CME Bundle Depth of Market‘ option which includes CME, NYMEX, COMEX and CBOT. However if you only wish to trade the US indices like the mini S&P and currencies you could just buy the ‘CME, Depth of Market‘ for less. Generally Comex is where the metals are, Nymex is where the energy products are, CBOT is mostly the bonds and Dow, and CME the currencies and other stock indices.
On the DOM (depth of market) or ‘ladder’ you can place a trade by clicking on the column left of the price to enter a buy order and to the right of the price column to enter a sell order. There are also two buttons at the top of the ladder ‘Buy Mkt’ and ‘Sell Mkt’ – if you click on one of these it will buy or sell at the best available price.
The picture below shows a trader with 1 lot long position at 3277.75 indicated by the green triangle in the price column as well at the notation at the top ‘[email protected]’ and is working a buy limit order at 3276.75 and a sell limit order at 3278.50. Working order totals are shown at the base of those columns in green and red text.
There is a box at the top of all trading ladders that says QTY (quantity). Here, you can enter the number of contracts that you wish to trade or use the dropdown provided. Keep in mind more lots executed requires more margin (a greater trading balance).
See the question lower down ‘What is margin and how can is see how much “Initial Margin” I am using up?
If you exceed 100% of you margin allowance it will liquidate your trades automatically as you will have exceeded your risk parameters.
The TradeTalentPro Tryouts do not offer ‘day margin’ reductions, your margin use is based off full initial exchange margins .
Working orders can be found in the “Orders” tab on the dashboard. By using the filter you can also type ‘f’ to filter filled orders or ‘w’ to filter working orders.
You can also check the base of specific ladders to see if working orders are in it that market off-screen. In the example below there are two orders on the bid (green text) and two on the offer (red text):
You can exit a trade by the doing the opposite of what you did entering. If you bought the market entering, then you will sell the market in equal value to exit. There is also a button at the top of all ladders that can be used to exit at market and cancel all working orders “Exit at Mkt and Cxl”. Tip: This is a helpful tool if you are exiting a position in a “fast market” or if some news or data has been released.
It is always good practice once you are finished trading for the day to click the “Exit All Positions Cancel All” button under the Equity tab dropdown. This will ensure any working orders, stops or positions across your entire system are cancelled.
Your P/L will be displayed in the top right hand corner of your workspace between Equity and Initial Margin. Open P/L is the running P/L for open positions. If this is moving, you have an open position on. This reading is net i.e. it takes into account your trade costs, exchange fees etc and should be what you rely on to determine whether you are approaching your stop
You can also set up your positions tab to show your P/L aka PnL (profit a’n’d loss). The number shown here does not include trade costs ie it just shows the profit or loss of the position without the cost of execution.
By clicking the cog in the top right of this module too, you can select which other columns you wish to show and in what order.
Expand the Equity tab at the top of the page which will show you your balances and P/L (profit or loss):
At the top of all trading ladders (DOM – depth of market) and charts there is a small + symbol tab which says ‘New Tab’ when hovered over. Click that and it will give you the option to add in a new product via a search.
Futures trade on various monthly expiries so make sure you select the most active contract at the time, which is the one trading the most volume. Depending on the product the most common months and related codes are Dec – ‘Z’, March – ‘H’, June – ‘M’, Sep – ‘U’ but oil products actively trade other monthly expiries too.
For example if you search ‘ES’ you may be presented with suggestions of ESZ0, ESH1, ESM1, etc. being Dec 2020, March 2021, June 2021 for S&P emini futures contract expiries respectively. As of writing in October 2020 the Dec 2020 will be the front month trading the most volume and the one you would choose to open.
Go to the bid or ask column each side of the price and right click at a price you wish to have the order triggered at.
In the image below the trader has right clicked in the cell to the right of 3279 to place the stop.
Go to the price at which you would like to buy or sell and left click on the bid column or offer column each side of the price.
For example in the image below the trader clicked where the ’14’ is shown to add his 1 lot to the bid queue at the price of 3281.75. (To cancel the order hover over the order cell showing ‘1’ below and an X will appear, click that to remove the order.
The best way to keep an eye on your performance and trading is to use the performance centre. This can be found in + tab in the top left. TIP: This feature is vital to traders who would like to find patterns in their trading and it can be a great tool to help you to learn from your mistakes.
Hover over the chart with your mouse. After a second you will see that icons will appear. Click on these to make personalised amendments to your charts.
Yes. TTP has order ticket functionality for those who do not like to trade off the ladders.
Yes you can trade directly from the charts. There are trading buttons at the top of all our charts that can be used to enter and exit the market. Once you are in a trade on TTP it may display your entry on the chart where you are long or short the market but you can turn this on or off by clicking the cog symbol at the top right of each chart, select ‘settings…’ and change the order line checkbox
On the top right hand side of the dashboard you will be able to see in percentage terms how much margin you are using. TIP: Always be aware of how close you are to breaching 100% of your Initial Margin. If you breach this it will constitute a rule break and require a reset to be purchased.
In the below example the trader has 5 lots (futures contracts) of ES
As CME says here “Speculative (“Spec”) /non-member initial margin requirements for all products are set at 110% of the maintenance margin requirement for a given product.”
and you can see here at the time of writing maintenance margin for ES is $12,000 so initial margin (12,000 x 110%) is $13,200. 5 lots in our example would therefore require 5 x 13200 = $66,000. Which is about 81% of the trader’s Venture Tryout $80,000 balance.
If you have traded stocks ‘on margin’ this is not the same as futures margin, learn more in the short video below from CME (Chicago Mercantile Exchange):
The products that are shown in TraderTalentPro in orange text are not tradable and are on delayed data feeds.
To get live data you would need to purchase data by going into the top right ‘Application settings’ icon. Remember, Just because you can buy live data for an exchange doesn’t mean that its products are counted as tradable for the Tryout.
If you get a message of “Order rejected”, this generally means that your account is in liquidation only mode or your limits have been adjusted to zero. You have either broken a rule or you are trying to trade outside of our trading hours. There will be more information available on tradertalent.com in a scrolling banner at the top of the page within 5 minutes if it is related a rule break on a purchased Tryout.
Looking on tradertalent.com – in this case where the trader tried to clip many lots (futures contracts) at once which exceeded margin requirements. They had $39,991.72 balance available and an initial margin requirement of $52,800 so they were auto-liquidated from the position and would need to purchase a reset to get a fresh account on which to be assessed:
At present there is no chat enabled on TTP. This will be coming online later in 2021. Trader Talent will provide updates on this function in the near future.
This is where streaming market news gets fed directly to the TTP platform. Articles found in this tab usually have a link to the news provider that published this story. Simply click on this link to find out more.
Don’t forget you also have a 2 week free trial to Livesquawk with streaming audio news alerts and written updates, accessible as soon as you register on TraderTalent.com
Under the tab “Account” there is a dropdown menu. This will list the accounts you have purchased. The top account is the Trial and all accounts below will be “TRYOUTS” and “RESETS”. The account at the bottom of the list is the most recent. TIP: Make sure that you are trading the correct account at all times. If you trade on the trial accidentally, profits made will not be counted toward your assessment.
The below shows a trial account ‘TRIAL192’ a purchased Growth Tryout ‘TRYTG192’ and the first reset account of that Growth Tryout TRYTGR1921.
Resetting your account generates a brand new account to trade from.
TRYT = tryout
G = Growth (or V or R for venture and Rocket respectively)
The R after the G indicates a reset and if that exists the final number, in this case 1, indicates how many rests this user has had.
The 192 is a unique identifier to this user
You are limited to a single instance of TraderTalentPro at any one time due to the exchange data usage limits.
The colour of the text at the top of the product indicates the status of your data for it.
Red indicates the product is not receiving data likely because the futures contract month has expired.
Orange text indicates you do not have a subscription to the exchange where that product trades and is therefore 15min delayed.
White text indicates the data is real time.