A trade copier is a software tool that allows a trader to copy trades from one account to another. It is commonly used in financial markets such as futures, forex, crypto stocks and options.
The main purpose of a trade copier is to automate the process of trade execution. It allows a trader to replicate trades from a master account to one or more slave accounts. The trade copier receives trade signals from the master account and then automatically executes those trades on the slave accounts. It works by continuously monitoring the source account and automatically executing trades on the target account based on the rules and settings configured by the user.
To use a trade copier, the user must first connect their source account (also known as the “master” or “provider”) and the target account (also known as the “slave” or “follower”) to the trade copier software. The user can then set up the trade copier to replicate trades based on specific criteria, such as the asset being traded, the trade size, and the trade direction.
There are different types of trade copiers available, each with its own set of features and capabilities. Some trade copiers only allow for the copying of trades, while others also allow for the customization of trade sizes and risk management settings. Some trade copiers even have built-in risk management features such as stop loss and take profit orders.
One of the main benefits of using a trade copier is that it can save a trader a lot of time and effort. Instead of manually placing trades on multiple accounts, the trader can simply set up the trade copier and let it do the work for them. This can be particularly useful for traders who manage multiple accounts or who want to diversify their portfolio.
Once the trade copier is set up and activated, it will continuously monitor the source account and execute trades on the target account as soon as they are detected. This allows the user to replicate the trades of the source account in real-time, without having to manually monitor and execute trades on the target account.
It is important to note that while trade copiers can be a useful tool, they should not be relied upon completely. It is still important for traders to monitor their accounts and make sure that the trade copier is functioning properly. It is also important to carefully choose a reputable and reliable trade copier provider to ensure the accuracy and security of the trades being copied.
However, it is important to note that using a trade copier does not guarantee success, and it is still necessary to carefully evaluate the source account and ensure that it aligns with the user’s risk tolerance and investment goals.
NinjaTrader 8 Compatible Copiers
Are you looking for NinjaTrader 8 trade copier? Do you want to trade multiple accounts from a single click? Did you start with just one account and grew that you are now ready for a second account? You came to the right place.
NinjaTrader 8 is a world-class day trading platform that offers active traders an edge in the markets. The software provides real-time market data, its super fast and provides direct access to liquidity providers for remarkable execution quality. Additionally, NinjaTrader 8 offers an impressive feature set that includes market Replay, Strategy Builder, Chart Trader and other custom add ons such as trade copier.
One of the biggest advantages of the platform is reliability and customizability which made it a first choice platform for many professional traders. NinjaTrader Platform supports for trade copying.
Which Ninjatrader Trade Copier Should I Choose?
If you need to trade multiple accounts within the same prop firm you need a trade copier that is compatible with NinjaTrader 8.
There are maily two options when it comes to ninjatrder trade copiers, one is Replikanto and Apex trade copier.
We recommend Replikanto Flow Bot Trade Copier. Replikanto can copy trades via network where Apex copier copies what’s on the machine only. Replikanto will do everything that Apex does plus it can copy via network which allows you to copy between different machines, assuming they share the same network. This is a perfect choice if you have windows professional edition and run hyperv program to run another instance of NT on the same machine. It also works with VPS
If you have multiple accounts with same prop firm you will be fine with Apex Copier. However if you trade multiple prop firms and want to trade multiple accounts simultaneously then you will need trade copier from Replikanto.
Below is a screenshot from Apex and Replikanto. You see on the bottom, replikanto has additional configurations for multiple NinjaTrader instances that are connected on the same network You connect to it via nodes.
How it works?
Basically trade copier will copy trades from one “leader” account into other “followers” accounts. When you setup trade copier for ninjatrader 8, it will automatically copy your placed trades from leader to follower accounts, including your set take profits and stop losses. Whenever you choose to modify your TP and SL, it will be modified in follower accounts as well. Both copiers allow you to crossover from mini to micro and visa versa. If you trade multiple NT instances then Replikanto finds seperate instance of Ninjatrader and connects them together to allow you to copy trades. Whenever you add an account it simply adds to your Rithmic account and you just need to mark that account for copying.
They both are fast in execution and relatively easy to setup.
I now upgraded to Replikanto Trade copier and recommend it.
Unfortunately there is no free trade copier for ninjatrader
Apex Trade Copier cost 150$ lifetime license for 2 computers.
Replikanto Trade Copier cost 250 for 2 machines.
Some of the common features:
Some Frequently Asked Questions About Ninjatrader 8 Trade Copiers
You certainly can but you dont have to. One way to do it is to buy windows professional upgrade and use HyperV program in it. It will allow you to run virtual pc on same machine. It works without any issues. Upgrade is only about 100$.
If you dont want to pay for professional upgrade then you can use sandboxie which should function the same way. I found HyperV works best.
If you trade with Apex only, or with Bulenox or with Leeloo only then you can use Apex trade copier because it is cheaper. However if you think you will get another account with another firm then consider buyng Replikanto copier
The answer is no. Apex and Leeloo are two different prop firms and Apex cant copy between them at the same logged in time. However you can be logged in in Apex and copy all of your apex accounts, then logout and login into your Leeloo account and use apex copier to copy leeloo accounts.
Both trade copiers work very good, sometimes you get a lag but its not because of trade copier program its because of market conditions. I used both of them and they do a good job at copying without lag.
Yes it is, you install it as regular indicator, there is only one or two tabs to configure.