NinjaTools

Best Trade Copying Software

Replicate the trades of other traders in real-time on their own accounts

What is Trade Copy Software?

Copy trading software, also known as trade copy software, enables users to mirror the trades of other traders in real time within their accounts. These tools are widely used in forex, futures, cryptocurrency, and stock markets, especially by individuals who lack the time or expertise for active trading. The software automatically duplicates all trades made by a selected retail, professional trader (or a group of traders), executing them in the user's account. Key features of copy trading:

  • Automated Trades: the software automatically executes trades without the need for manual intervention 24/7.
  • Exceution in Real-Time: the trades are copied almost instantly to minimize slippage.
  • Slippage: the difference between the expected price of a trade and the price at which it is actually executed.
  • Multiple Account Copying: some software solutions allow copying trades across multiple accounts, useful for portfolio diversification.
  • ATM Copying: feature available on some NinjaTrader trade copying software to use the leader’s Ninjatrader ATM strategy in the followers’ accounts (local and remote) to manage exit orders instead of copying them from the leader’s account.
  • Market & Limit Orders: are copied from the Master Position to the Follower Position(s) as soon as the order is submitted by NinjaTrader.
  • Risk Management: Nearly all trade copy software has built-in risk management rules to prevent large losses.
NinjaTrader Trade Copying Software

Advantages of Trade Copying

  • Easy for beginners or those without the time to manage trades.
  • Can benefit from the expertise of more experienced traders.
  • Potential for diversified trading strategies.

Disadvantages of Trade Copying

  • Risk of blindly following a trader who could experience losses.
  • Fees or commissions may be associated with copying trades.
  • Less control over specific trade decisions.

Free Trade Copy Software

There is a free version of a basic, but functional trade copier for the NinjaTrader platform that can be downloaded. It allows you to follow market orders only and these are copied from the Master Position to the Follower Position(s) as soon as the order is submitted by NinjaTrader.

Limit and Stop Orders are monitored on the Master Position to be Filled, as soon as a limit order is filled, it becomes a market order which is submitted to the Follower Position(s).

NinjaTrader Trade Copying Software

Replikanto Trade Copier

Replikanto is a trade copier add-on for NinjaTrader 8 accounts, designed to replicate orders from a leader account to multiple follower accounts based on the selected copy method. In network/remote mode, it allows trades to be copied between Replikanto instances on different machines.

It offers full compatibility with Tradovate accounts and supports copying trades via web, app, or TradingView, with OCO (One Cancels the Other) exit order functionality. The software provides several copy methods, including Exact Quantity, Equal Quantity, Ratio, Net Liquidation, Available Money, Percentage Change, and Pre-Allocation.

At last review, the price for this software was $299.00