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Product Details

Copy Trading Software

What is Copy Trading Software?

Copy trading software is a revolutionary tool that simplifies the process of replicating trades from a master account to multiple child accounts. This software is gaining popularity in India as the best copy trading platform, allowing traders to mirror the trades of experts across various brokers seamlessly.

For updates, join our Telegram channel: Or Search with the name “MyalgomateCopyTrading”.

Get in touch for any doubts/queries @

The software’s pricing is based on a per account per month model. For instance, if you have 1 master account and 1 child account, it will be calculated as 2.
Keep in mind that more brokers can be added upon request.

500.00 +18% GST


What are the advantages of Myalgomate’s copy trading software?

  • Simple setup process with a cross-broker copy. E.g. Zerodha(Master) and IIFL(Child)
  • Equity, Options, Commodities, and Currencies all supported Segments.
  • Automated order copying with features for modifying and canceling orders
  • Capacity to apply a quantity multiplier to each child account
  • Automatic quantity rounding based on the lot size
  • Swift execution of orders
  • Convenient on/off switch for starting and stopping copying operations
  • Detailed information on master and child orders for each copied order
  • Smart Execution: By utilizing both parallel and serial order execution, the system will prioritize the placement of buy orders followed by sell orders in cases where multiple orders are received simultaneously.
  • Order Splitting :
    order-splitting logic that allows for the automatic splitting of orders when the number of lots in a single order exceeds a predefined threshold. For instance, if the threshold is set to 25 lots and an order is placed for 35 lots, the system will automatically split it into two orders, one with 25 lots and another with 10 lots.
    In addition, it is recommended to set a minimum value for the freeze lots across Nifty, Bank Nifty, and Finnifty.
  • Built-in safeguards to prevent infinite copy loops.
  • Convenient login and log-out functionality
  • It provides real-time updates on live positions and profit/loss (PNL) at the account level, combined across all accounts
  • Symbol-wise summary of trades, as well as an account-level summary that displays a comprehensive overview of all trades being copied. This provides users with a detailed breakdown of the performance of individual symbols and an overall picture of how their copy trading is performing at the account level.
  • Counts for total order copied, no of orders rejected/canceled in child accounts
  • It offers users pop-up and sound alerts, as well as Telegram alerts, in case any order is rejected in their child accounts.
  • Order modification supported on: Quantity change, Order type change, Limit/Trigger price change, and product type change

Demo Video PART 1: Introduction to Best Copy Trading Platform 


Demo Video PART 2: New Feature added to Copy Trading Software – Part 2 | Copy Trading Zerodha & Alice Blue | Order Splitting | Exit All

How to use?

Add/Edit/Delete Accounts

Step 1: Add Parent account (Master Account) 
To add an account, you will need your broker login details along with broker API details

Step 2: Add Child account 
To add an account, you will need your broker login details along with broker API details

Here you can also set Multiplier which can be used as Qty Multiplier
It is useful when managing accounts with a different capital.

[Child Account Quantity] = [Parent Order Quantity] * [Account Multiplier]

Note: The default value for the multiplier is 1. But it can be a fractional number as well. For example, a multiplier of 2 will result in double the original order quantity.

How does auto-copy work?

Step 1: Select Multiple Accounts wanted to log in and mark an account as a parent account

Step 2: Sync data (It will sync instrument/symbol across all brokers you have added)

Step 3: Press Start Copy Trading
our system will continuously monitor your master account for any new orders. When it detects new orders, it will automatically copy them to the child’s accounts.

Orders can be placed in the master account into your broker’s terminal or APIs (via algos).

Don’t forget to keep an eye on the progress (Sumamary Tab).

Account Summary Tab

Under this tab, the user can have Account wise summary which includes account-wise position and account-wise order details

The user also has the option to sort, filter, or group based on all the columns available in the grid.

  1. Pseudo name
  2. Client ID
  3. PNL
  4. Position Details :
    1. No. of Total Position
    2. No. of Open Position
    3. No. of Closed Position
  5. Order Details
    1. No. of Total Orders
    2. No. of Open Orders
    3. No. of Trigger Pending order
    4. No. of Complete Order
    5. No. of Rejected Order
    6. No. of Canceled Order

Positions Tab

Account wise Summary

This is an exclusive thing for traders managing multiple accounts and tracking live LTP of all positions.
Under this tab, user can see their live position along with PNL for each symbol and each account.

  1. Pseudo Name
  2. Broker
  3. Client ID
  4. Multiplier
  5. Symbol Name
  6. Product Type
  7. Net Quantity
  8. LTP
  9. PNL
Symbol wise Summary

This tab will show Symbol wise summary of all the accounts combined For Ex. you have 10 Shares of YES BANK in Account 1 and 5 Shares of YES BANK in Account 2 then it will show you the total summary as 15 and its details.

  1. Product Type
  2. Symbol
  3. PNL

Order Summary

The “Order Summary” tab displays a comprehensive overview of all the order-related information. It includes details such as the Order ID, the time the order was placed, and the copy status.

The “Copy Status” indicates whether the orders were successfully copied without any rejections or cancellations. If all the orders have been copied successfully, the status will be displayed as “All OK.” However, if there are any failures, the copy status will show the count of failed orders along with the reason for the rejection or cancellation.

To access more information, users can click on the plus sign on the left side of the screen. Clicking on this will expand the view and show details of each child’s account. This provides users with a more detailed breakdown of the information, allowing them to quickly identify and address any issues that may arise.

Pre Requisites

  1. Integration with the broker requires a Broker Account API. If there are any charges associated with using the API from the broker, the customer will be responsible for covering the cost independently.
  2. Infrastructure :
    1. Cloud Machine(Like Amazon AWS/Microsoft Azure/Google Cloud) can be used in Windows / MAC System
    2. If you opt for a Cloud machine, there is no other internet speed requirement or min computer requirement.

Frequently Asked Question's

  1. What is copy trading software?
    Copy trading software allows traders to automatically replicate trades from a master account to one or multiple child accounts.
  2. How does copy trading software work?
    Copy trading software uses an API to connect the master account with the child accounts. When a trade is executed on the master account, the software replicates the same trade on the child accounts.
  3. What are the benefits of using copy trading software?
    Copy trading software can save time and effort for traders by automating the process of replicating trades.
  4. Can we have a Master and Child Broker Different? from Zerodha copy trade to IIFL Possible?
    Yes, you can have both master and child account different For example, your Master account is Zerodha and your child account is in IIFL. the software will copy the order from Zerodha to IIFL
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