TopTrades - Trade Copier

TRADE COPIER

The TopTrades trade copier is a multi-featured trade copier that works with several trading platforms. It has the ability to do cross-market (ie. Futures to CFDs) and cross-platform (ie. NinjaTrader to cTrader) trade copying. Aside from copying trades locally on one computer, the trade copier can also copy trades World Wide to multiple computers within milliseconds.

Supported Trade Copying Platforms:

DEMO VIDEO

Watch the video demonstration for a more detailed explanation on the TopTrades trade copier.

HOW TRADE COPIERS WORK

A trade copier is a piece of software that automatically replicates trading actions (opening, modifying, and closing positions) from one "master" or "leader" trading account to one or more "slave" or "client" accounts in near real-time. This allows a trader to execute a strategy in a single account and have it automatically mirrored in multiple other accounts, often with customizable risk and lot or contract size settings.

Trade Copying Process

Master Account: An experienced trader (or trade signal provider) trades on their primary account as usual.
Software/Platform: A trade copier application is installed and configured to monitor the master account.
Signal Transmission: When a trade is executed on the master account, the trade copier captures the signal.
Replication: The trade copier automatically sends the same trade details (entry point, stop loss, take profit, etc.) to all connected follower accounts.
Execution: The trades are executed in the follower accounts instantly or with very minimal latency.

Common Uses

Signal Providers/Copy Trading Services: A professional trader shares their trades with subscribers who automatically copy them.
Account Management: A money manager trades one master account, and the trade copier replicates trades across multiple client accounts proportionally.
Personal Use: A trader may have multiple accounts at different brokers and use a copier to keep them synchronized.

Key Benefits

Cross-Broker Support: Works between different brokers or platforms (ie.MetaTrader to NinjaTrader, or cTrader to MetaTrader).
Time Efficiency: Automates trade execution across multiple accounts, saving significant time and effort compared to manual entry.
Diversification: Allows traders to diversify their strategies or investments across various accounts or markets (ie. Forex, CFDs, Crypto).
Beginner Accessibility: Enables less experienced traders to benefit from the expertise and proven strategies of seasoned professionals without needing deep market knowledge.
Passive Income Potential: Experienced traders can become signal providers and earn a flat fee or a commission from the users who copy their trades.

Trade Copier Types

Local Trade Copiers: Copies trades between accounts on the same computer or within the same trading platform instance (ie. MT4 to MT4 on the same VPS).
Remote Trade Copiers (Cloud-Based): These facilitate copying trades over the internet across different computers, platforms (ie. MT4 to MT5 or cTrader), or brokers.

TRADE COPIER SETTINGS

The TopTrades trade copier allows for mapping the Master Account symbols across all of the Client Accounts. It also allows for cross-market symbol mapping (ie. GC to XAUUSD). The symbol mappings have to be precise in order for the copier to work correctly. Each symbol has several settings and are described below...

IMPORTANT: The Master symbol list should ONLY contain symbols that the Master trades. In each Client Account section map the Master symbol to the correct Client symbol. For example, if the Master trades symbol NQ but the Client is trading symbol MNQ then add the Master NQ symbol and then add a Client MNQ symbol that is mapped to the Master NQ symbol.

NOTE: When editing the symbol settings make sure to use the correct data type (ie. decimal number, whole number). If an incorrect format is used the settings will not save.

Name [type: string characters]

This is the name of the symbol such as EURUSD, GC, XAUUSD, ES, etc.. The value of the name has to match exactly as it is displayed in the Master Account's platform for the master and the Client Account's platform for the client. Each Broker may use a different name for the same symbol (ie. EURUSD vs EURUSD.cash).

Tick [type: decimal number]

This is the tick size of the symbol such as 0.00001 for EURUSD, or 0.25 for NQ, or 1 for YM. Some symbol tick sizes may be different from Broker to Broker. It is important that the tick size is set exactly to the tick size used by the Broker.

Size [type: decimal number]

This is the contract or lot size such as 100,000 for a full lot in Forex or 1 contract in Futures. The size value, in almost all cases, should be a base 10 number (ie. 0.1, 1, 10, 100, etc.).

Step [type: decimal number]

This is the volume step or incremental step such as 0.01 of a full lot for the EURUSD, or just 1 for Future's contracts, or 0.01 for USTEC in CFDs. The step value, in almost all cases, should be a base 10 number (ie. 0.01, 0.1, 1, 10, etc.).

Ratio [type: whole number]

This is the ratio at which the client will multiply the size traded by the master. If set to 1 the client will match the master size, if set to 2 the client will trade twice as much as the master, and so on. In some situations of cross-market symbol mapping the ratio will need to be set in increments, or decrements, of 10 to equal 1 full size (ie. master USTEC step = 0.01 but client NQ step equals 1).

Slip [type: whole number]

The slip setting controls how much the client price can be from the master price when the master enters a trade. The slip value is used in conjunction with the tick value. For example, if the client is trading NQ in Futures and the client should only enter the trade if it is within 2 points of the master, then the slip value would be set to 8 if the NQ tick value is 0.25 (ie. 8 x 0.25 = 2). If the slip value is set to zero, the client price will have to match or better the master price, otherwise the client will not enter the trade.

Stop [type: whole number]

The stop setting controls whether or not to place a safety stop-loss order with the main order. The stop value is used in conjunction with the tick value. For example, if the client is trading the EURUSD in Forex and wanted to add a safety stop-loss order 100 pips from entry, then the stop value would be set to 1000 if the EURUSD tick value is 0.00001 (ie. 1000 x 0.00001 = 0.01). If the stop value is set to zero, no safety stop-loss order will be added to the main order.

Limit [type: whole number]

The limit setting controls whether or not to place a safety take-profit order with the main order. The limit value is used in conjunction with the tick value. For example, if the client is trading ES in Futures and wanted to add a safety take-profit order 10 points from entry, then the limit value would be set to 40 if the ES tick value is 0.25 (ie. 40 x 0.25 = 10). If the limit value is set to zero, no safety take-profit order will be added to the main order.