Copy Trading
The "Copy trading" panel allows you to duplicate all your trading activities among multiple accounts (Parent & Child) within one exchange or broker.
Last updated
The "Copy trading" panel allows you to duplicate all your trading activities among multiple accounts (Parent & Child) within one exchange or broker.
Last updated
Before you start using the Copy Trading feature, a disclaimer will be presented to you. You must confirm that you have read this information to proceed.
Please take the time to carefully review the warnings provided below. It is essential that you fully understand and accept the conditions outlined before moving forward.
COPY TRADING CARRIES A HIGH LEVEL OF RISK
Before using this feature, it's crucial to clearly understand what you're doing. To minimize potential issues, ensure that you carefully study the documentation, practice extensively with demo accounts, and utilize Quantower's internal simulation before initiating copy trading with real accounts.
The Copy Trading process may contain the following dangers that need to be encountered before use:
Quantower may not be able to copy, change, or cancel an order, or close or reverse a position on one or more child accounts. This could happen because there's not enough money, the broker or data feed rejections, disconnections, the order details don't match between accounts, or for other reasons beyond Quantower's control.
When orders are executed, modified, or canceled, or when positions are closed or reversed in Parent and Child accounts, these actions may not happen at the same time. This can cause a misalignment between the accounts and positions.
If Parent order parameters are different than a Child account can submit, you will get a notification about this and the possibility to manually copy the order by clicking the Open OE button next to this message in the logs section. The most common cause of such behavior is when the Child account has insufficient funds to copy the parent's order quantity.
YOU ARE RESPONSIBLE FOR YOUR TRADES. If there are problems, you need to use the Copy Trader's activity Log to understand what went wrong and fix the issue yourself. Please don't ask us to check your orders and trades or investigate the cause of the problem unless you are 100% sure the Quantower terminal is malfunctioning. We are unable to assist with this due to the presence of numerous uncontrollable variables.
Referring to our Terms of Use, please note that we cannot guarantee the proper functioning of Quantower in all cases. Your use of the platform and all its features is at your own risk, especially when using the highly risky Copy-Trading feature. You may encounter issues due to your internet connection, your computer problems, a misunderstanding of the procedures, insufficient funds in your child accounts, or any other issue that may prevent you from successfully replication the parent's trades on one or more child accounts.
Please remember the following: In regulated markets, you can only copy trades to multiple real accounts if you own the accounts or have explicit permission to manage them. Quantower and other trading platforms cannot verify if you meet these requirements. To comply with the rules, you need to consolidate multiple real accounts under a single connection. This means if you have multiple real accounts with real money on different connections, whether they belong to you or different individuals, ask your broker to consolidate them under a single connection. This requires the broker to obtain explicit permission from the various account holders.
One of the frequent questions from our community is: how to Copy Trading between multiple accounts? Such functionality can be very useful for proprietary trading companies and managers with multiple accounts who use Quantower as their trading tool.
The panel performs trading operations and thus can be found in the "Trading" group of the Quantower main menu.
Copy trading panel allows you to fully duplicate trading activity between multiple accounts of the same connection. Unlike the “Multiple order” panel, this panel will automatically copy all Parent's account transactions into the specified Child account(s) once you have created and launched a special algorithm (Bot).
If you use 5 or more trading accounts in the copy bot, we recommend disabling the "Order Limitation" option. You can read more information about this feature in this guide.
Once you open a Copy trading panel, you will find the Bots management screen, divided into “Bots list” and “Logs”. Let’s create a new copy trading bot. To do this, click on the Plus button on the panel’s toolbar, and you will see the “New copy trading bot” screen appear.
Here you should name your bot and specify Parent connection (account) to set up where to copy trades from. Now we should add dependent connections by pressing the Plus button next to the “Child connections” label. Each new item line in the following table represents a Child connection that will copy all trading activities from the Parent.
Now we should specify the dependent connection and account. To add another account for the same connection in Quantower, you should go to Connections manager, duplicate the required connection, rename it optionally, and log in with another account credentials. You may repeat this action for as many accounts as you need. Later you will see all these accounts in Child connections settings.
The quantity copy mode option tells the bot how to calculate the quantity for copied order relative to the Parent order. There are two options: Percentage and Multiplier.
In a Percentage mode, the bot will calculate the quantity relative to the Parent account balance in percent and then apply this percentage to the Child account balance to set the Copy order quantity.
Percentage Example: Parent account has a balance of $1000. The Child account has a balance of $2000. When you place an order on the parent account equal to $100 (10% of the total balance), an order will be placed automatically on the child account for 10% of its total balance, or 200$.
In a Multiplier mode, the bot will take a quantity from the Parent order and multiply it with the Multiplier coefficient, thus getting a quantity value for a Child copy order.
Multiplier Example: The parent account has an order of $100, and the Bot is set up with Multiplier Coefficient (C)=0.5. Once you place the order on the parental account, the order will be copied to the child account considering C=0.5, i.e. $100 * 0.5 = $50
Once we set up all of the Bot settings, click the Save button. Now we see that the new Copy trading bot appeared in the Bots list section.
Starting from version 1.140.1, the Quantower trading platform has enabled the copying of trades and orders from one connection to another. Let's look at an example of creating a bot to copy trades between CQG and Rithmic.
Specify the Parent Account (in our case, CQG).
Add the Child Account (Rithmic).
Configure the symbol mapping. Indicate the trading symbol for the parent account. Then, specify the symbol for the child account where the orders and positions will be copied.
Once you have configured the symbol mapping between the accounts, you can start trading.
Once created, any Bot is stopped and not monitoring Parent’s trading activities. To activate it, click the Start button. Now it is Working and ready to copy your orders to Child accounts.
Bot management table contains the following information and controls:
Bot name. Each bot can be given its unique name;
Parent account. Account to copy trades from;
Child account. Account to copy trades to;
Status. Bot's current status. Can be "Working" or "Stopped";
Action. Button to start/stop bots;
Settings. This "gear" icon opens settings of the selected trading bot;
Delete. Removes the trading bot.
You can visually observe the complete synchronization of trades by opening two charts at the same time. Just after you send an order, the Bot will copy it to a Child account. If you modify your order — the Child account order will be modified also. Canceled orders will be canceled for the dependent account also. By the way, Stop Loss and Take profit orders for our position are also successfully mirroring to the dependent account.
All actions of activated Bots will be shown in a Logs list at the panel’s bottom, including information about "start" & "stop" time, and all of the copy-trading activities. You can even change the logs period on the toolbar above the Logs table.