Q: What is a Trade Copier?
A trade copier automatically replicates trades from a master account to other designated accounts, often called follower accounts. This setup allows traders to manage multiple accounts efficiently.
Q: Why Use a Trade Copier in Tradovate?
A trade copier is valuable for users managing multiple accounts or wanting to replicate trades across different accounts simultaneously. It ensures real-time consistency in trades without manual repetition.
Q: How Do I Set Up Tradovate's Trade Copier?
Refer to the Tradovate Group Trading Guide for a video walkthrough on setting up the trade copier.
Q: Can I Adjust Risk for Different Follower Accounts?
Currently, Tradovate only allows adjustment of trade quantities across accounts. Separate risk settings for individual follower accounts are not supported.
Q: Is There a Delay in Trade Execution?
While minimal, a slight delay may occur in replicating trades due to technical factors. To minimize delay, ensure a stable internet connection and avoid running multiple programs during group trading sessions.
Q: Are There Fees for Using Tradovate's Trade Copier?
No, Tradovate’s built-in group trading feature is free to use and can be enabled directly in platform settings.
Q: Can I Group Trade on TradingView via Tradovate?
Currently, Tradovate’s integration with TradingView does not support group trading.
Disclaimer
While Tradovate’s group trading feature is useful, some users have experienced issues with trade entry and exit delays. If such issues arise, close positions individually to ensure accuracy. Elite Trader Funding is not liable for any issues caused by this feature.