Using Trade Copier to Copy Trades Across Accounts on TradersPost
TradersPost’s trade copying capabilities allow users to replicate trades across accounts via its submit trade function, with future plans to support real-time broker-level trade copying for seamless multi-account management.
Many TradersPost users are interested in trade copying functionality to replicate trades across multiple accounts, especially when managing various strategies or accounts on the same platform. This guide outlines the trade copying concept, current capabilities on TradersPost, and planned future enhancements.
What Is Trade Copying?
Trade copying allows users to replicate trades across multiple accounts in real-time. Imagine executing a buy order on one account, and immediately having that trade duplicated on other connected accounts. This feature is particularly useful for users running multiple accounts under a single strategy or those looking to diversify trade execution across different accounts without manually duplicating each trade.
Current Trade Copying Capabilities on TradersPost
At present, TradersPost does not offer direct trade copying that listens for broker-level trades across all accounts. Instead, trades executed within TradersPost can be replicated to other subscribed accounts through event-driven signals. Here’s how users can currently set up trade replication:
1. Use the Submit Trade Functionality: Users can execute trades from TradersPost, which then pushes the signal to any connected accounts.
2. Multi-Window Setup for Quick Execution: With charts open on one screen and TradersPost’s trade submission panel on another, users can quickly enter trades that TradersPost will distribute across connected accounts.
This setup allows a degree of trade replication, though it requires initiating trades through TradersPost rather than directly on the broker platform.
Future Plans for Real-Time Broker Listening
TradersPost is considering the addition of a trade copier that could listen to trade activity directly from broker accounts. This would enable:
• Automated Trade Replication: Trades executed directly on a broker platform (e.g., TradeStation or Tradeovate) could automatically copy to other connected accounts without manual input through TradersPost.
• Real-Time Monitoring: This functionality would involve continuous monitoring of trade actions across accounts, ensuring prompt trade replication. While this is not yet available, TradersPost is actively gathering user feedback to prioritize its development.
Why Trade Copying Is Valuable
For traders managing multiple accounts, trade copying saves time, reduces error rates, and ensures strategy consistency across accounts. Users can focus on strategy development rather than account management, knowing that their trades will automatically replicate where needed.
Conclusion
While TradersPost does not yet offer broker-level trade copying, current capabilities allow users to execute trades across multiple accounts through the platform’s trade submission function. Planned enhancements to support broker-level listening would allow for even more seamless trade replication, offering greater flexibility and efficiency for multi-account management.
