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What is Tradovate Copy Trading?
Tradovate copy trading allows you to automatically replicate trades from one Tradovate account to multiple other accounts. This is particularly useful for managing multiple accounts, following successful traders, or scaling your trading strategies across different capital amounts.
Why Copy Trades in Tradovate?
- Manage multiple accounts efficiently
- Scale successful trading strategies
- Reduce manual trading workload
- Ensure consistent execution across accounts
Methods to Copy Trades in Tradovate
There are several ways to copy trades in Tradovate. Here are the most popular methods and their pros and cons.
Cloud-Based Trade Copier
Use professional trade copying software like Tradesyncer to automatically copy trades from Tradovate to multiple accounts.
Benefits:
- Real-time copying
- No software installation
- Works 24/7
- Multiple account support
Manual Trade Copying
Manually replicate trades by watching one account and placing identical trades in another Tradovate account.
Benefits:
- Full control
- No additional costs
- Simple setup
API-Based Solutions
Develop custom solutions using Tradovate's API to programmatically copy trades between accounts.
Benefits:
- Customizable
- Direct integration
- Advanced control
Step-by-Step Guide: How to Copy Trades in Tradovate
Follow this comprehensive guide to set up trade copying in Tradovate using the most reliable method.
Choose Your Copy Trading Method
Select the best approach for your needs. We recommend using a professional trade copier for reliability and automation.
Set Up Source Account
Configure your primary Tradovate account that will serve as the source for trades to be copied.
Connect Target Accounts
Link additional Tradovate accounts or other broker accounts where you want trades copied.
Configure Copy Settings
Set up filtering rules, position sizing, and risk management parameters for your trade copying.
Start Copying Trades
Activate your trade copying system and monitor performance to ensure trades are copied correctly.
Best Practices for Tradovate Copy Trading
Start with Small Position Sizes
Begin with smaller positions when setting up copy trading to test the system and minimize risk.
Monitor Performance Regularly
Keep track of copied trades to ensure they're executing correctly and meeting your expectations.
Set Proper Risk Management
Configure stop-loss levels, position sizing rules, and maximum drawdown limits for each account.
Test with Demo Accounts First
Use Tradovate demo accounts to test your copy trading setup before using real money.
Choose Reliable Infrastructure
Use established trade copying services with proven uptime and reliability for consistent performance.
Understand Latency Factors
Be aware of potential delays in trade copying and how they might affect your strategy performance.
Frequently Asked Questions
Can I copy trades between different Tradovate accounts?
Yes, you can copy trades between multiple Tradovate accounts using trade copying software or manual methods. Cloud-based trade copiers make this process automated and reliable.
How fast are trades copied in Tradovate?
With professional trade copying software, trades are typically copied within 100 milliseconds. Manual copying depends on human reaction time and can take several seconds or minutes.
Is there a cost to copy trades in Tradovate?
Manual copying is free but time-intensive. Professional trade copying services typically charge a monthly subscription fee for automated, reliable copying with advanced features.
Can I copy trades from Tradovate to other brokers?
Yes, many trade copying services support copying trades from Tradovate to other futures brokers like NinjaTrader, Rithmic, and others.
What happens if the internet connection is lost during copying?
Professional cloud-based trade copiers continue working even if your local internet is down, as they operate from secure cloud servers with redundant connections.