Gold (GC) on Topstep

Trading Gold (GC) at Topstep offers excellent flexibility with up to 5 contracts allowed and overnight positions permitted on funded accounts. The firm's end-of-day trailing drawdown system works particularly well for GC traders, as it provides intraday breathing room while the gold market experiences its characteristic volatility swings.

Position sizing for GC at Topstep requires careful consideration of the $10 per tick value and the firm's trailing end-of-day drawdown structure. Since drawdown floors only move based on closing balances rather than intraday peaks, GC traders can weather the metal's often volatile intraday moves without immediately tightening their risk parameters. This is particularly advantageous given gold's tendency for sharp reversals during major economic announcements or geopolitical events.

The key to successful GC trading at Topstep lies in managing position size relative to your daily loss limit while maximizing the benefits of their trailing drawdown system. With GC's $10 tick value, a 20-tick stop loss represents $200 of risk per contract. On larger account sizes, this allows for multiple contract positions while maintaining proper risk management protocols.

Since Topstep allows news trading and overnight positions on funded accounts, GC traders can capitalize on the metal's reaction to Federal Reserve announcements, inflation data, and global economic events. However, weekend positions are prohibited, so traders must close GC positions before Friday's settlement. The twice-monthly payout schedule at 80% (then 90%) split provides regular income opportunities for consistent GC traders.

Practical tips for GC trading at Topstep include monitoring the daily loss limit closely during high-volatility sessions, using the end-of-day drawdown structure to your advantage by booking profits before close when possible, and leveraging the allowed 5-contract maximum during strong trending moves. The firm's multiple platform options (TopstepX, NinjaTrader, Tradovate, TradingView) ensure you can access GC markets through your preferred interface while maintaining proper risk management across all positions.

On a $150,000 Topstep account, trading 2 GC contracts with a 15-tick stop loss risks $300 total ($150 per contract). This conservative sizing allows room for multiple trades while staying well within daily loss limits even during volatile gold sessions.