To install our copy trading software, you have two options:
If you choose to install it locally, make sure you have a power backup and a stable internet connection.
We strongly recommend using Cloud Machine for the use of Copy trading software for its advantages:
Performance: It’s faster because it runs directly on a dedicated server, ensuring swift order processing.
Ease of Monitoring: When installed on a cloud machine, you have the flexibility to access the software from any device like Mobile / PC / Laptop (Windows or Mac) from anywhere and anytime, so there’s no need to keep your system always ON.
Avoid System Issues: Many antivirus and firewall software can cause serious issues if installed on your system. To avoid such issues, using a cloud machine simplifies things.
Avoid Internet / Power Issues: Installing it on a cloud machine or VPS allows you to access it from anywhere with an Internet connection, providing convenient remote access.
https://aws.amazon.com/
Save credentials of login email ID and password.
It will ask for a Credit/Debit card and phone number. Please do that otherwise it won’t get activated.
In case if it asks for any plan, please select the free tier.
https://www.youtube.com/watch?v=AWGSt4andsM
Visit the above link on how to create a free-tier Windows cloud machine.
Make sure you select the region as *Mumbai* from the top right corner.On successful completion, you will need to save the below details.
To add an account, you will need your broker login details along with broker API details.
Here You can set different multipliers for each child account.
[Child Account Quantity] = [Parent Order Quantity] * [Account Multiplier]
Follow these guidelines to test the Myalgomate Copy Trading feature to reduce risks while using it with the live market:
Note: Make sure you use different scripts with low prices and good liquidity for each section you plan to use. For example, if you’re using Equity and FNO, test all scenarios with just 1 quantity or 1 lot before you start live trading directly
Sometimes things might go wrong because many systems are involved, like the infrastructure or the broker’s API or network issues.
If you are utilizing decimal multipliers such as 1.5 or 2.5, it’s important to note that partial profit booking and pyramiding may result in a residual quantity remaining open or may create the opposite position when exiting a position with a small quantity.
For FNO, we employ a round-down logic for quantity. For instance, if the calculated quantity based on the multiplier is 260 and the lot size is 50, it will be rounded down to 250. This poses a challenge when practicing pyramiding or partial booking. Therefore, when using a decimal multiplier, it is advisable to place orders for entry and exit with the same quantity. For instance, if you place a buy order for 500 quantities followed by a second buy order for 700 quantities, it is recommended to have two separate exit orders for 500 and 700 quantities, rather than a single order for 1200 quantities.
If part booking or pyramiding is essential in your trading strategy, we recommend using an account with the lowest quantity as the master account. Utilize integer multipliers and allocate capital accordingly in your child accounts.
Exit button to exit positions through the software:
Haris Mistri –
Myalgomate Copy Trading software has been a lifesaver for me, effortlessly mirroring my trades onto my family’s accounts. It’s simplified managing multiple accounts.
Mehul Parikh –
Good easy to use. Using for more then 2 months now.
Crossbroker is good functionality.
Mitesh Patel –
Using it for quite some time. good work
ABDUSUHAIBE (verified owner) –
Very Good Software… using it since 2 months now… my manual work has been reduced drastically. I am very thankful to myalgomate team for providing this software.
The software meets my requirement and they have supported me a lot while configuring.
Thanks for providing Support every time I have demanded and helping and explaining small details of the software.
purushotham (verified owner) –
I have been using this for more than an a month now and its been very useful for trades to my family account.
User-friendly interface,clean layout that makes navigation a breeze. The design is intuitive, with well-labeled menus and easily accessible tabs and features, making it effortless on what needs to be achived. Have not faced any issue so far, its stable and dependable.
Dhaval (verified owner) –
Simply awesome software. Those who want to handle two accounts with exact same trades, this software is the perfect solution. Super simple interface, works with almost all top brokers. Execution speed is lightning fast, and that’s the thing we need as a trader or investor.
Sathish Ashokan (verified owner) –
I am using software for almost more than 8 months, Fantastic product. Excellent to work with multiple accounts. I am able to execute same trade in multiple account without hussle. Very good product. Special Thanks to Dharmesh. He has been supporting me for past 8 months.
Jinto M J (verified owner) –
Myalgomate software is truely a great help for me… The UI and the team behind this really deserves great appreciation… Especially the helping mentallity of Mr. Dharmesh and Mr. Harsh is awesome… Hats off towards the team behind this….
Santhosh (verified owner) –
MyAlgoMate Copy Trading Software automates copying trades across my accounts, letting me focus on my main one. It’s fast and accurate, so I don’t need to constantly monitor others. This saves me time and helps avoid errors, boosting my overall efficiency. Plus, I can easily adjust my strategies for different markets. Mr.Harsh and the customer support team at MyAlgoMate is also great, providing quick and helpful responses to any questions I have. Highly recommended for those traders who handle / trade with multiple accounts at the same time.
Mehulgiri Goswami (verified owner) –
I am using this software more than a year, very good and easy to use, very helpful support by developers.
atchaya kumar (verified owner) –
using it for more than a year . solid software .
Renuka Misser (verified owner) –
A Game Changer for My Trades
I’ve been using MyAlgoMate’s Copy Trading Software for over a year now. Let me share my experience and thoughts on this powerful tool.
Seamless Account Integration Across Brokers:
One of the standout features of Copy Trading is its ability to effortlessly link accounts across different brokers. Adding new accounts is a breeze. Whether I’m with Broker A or Broker B, this software ensures a smooth process.
Holistic Trade Review in One Window:
The consolidated view of trades across all my linked accounts is a game-changer. No more switching tabs or logging in separately to each broker’s platform. Having everything neatly organized in one window allows me to make informed decisions efficiently.
Flawless Execution with Detailed Logs:
Copy Trading’s execution process is flawless. The step-by-step logs provide transparency, allowing me to trace every action.
Whether it’s entry points, stop-loss adjustments, or profit-taking, I appreciate the meticulous record-keeping.
Responsive Support from the MyAlgoMate Team:
Kudos to the MyAlgoMate support team! Whenever I’ve had queries or needed assistance, they’ve been prompt and helpful.
Knowing that help is just a message away adds to my confidence in using this software.
While Copy Trading is nearly perfect, I’d love to see a feature for managing trades across different clients through the Copy Trade window. This enhancement would further streamline my workflow.
In summary, Copy Trading has transformed my trading experience. If you’re serious about trading, give it a try—you won’t be disappointed.
Haresh (verified owner) –
Copy Trading software is simply awesome . No words found to describe. It makes trade in all accounts of family members at lightening speed with minimum slippage. . It is so simple ane user friendly as well.
Ajay Ramani (verified owner) –
I am using this copy treding software more than a one an half year, very good software and easy to use, very helpful support by developers.
Samyak (verified owner) –
Brilliant team, top notch softwares and tools.
Kudos to the team 👏🏻
Ujwal Ranjan (verified owner) –
Great execution and simplicity. Support from the team is great👍
Laxmi –
Service is Good
Ashwin Kasliwal (verified owner) –
We have been using Myalgomate copy trading software for more than a year now. It works really well even when broker glitches sometimes in volatile market but trades get copy smoothly without a delay. We are relieved to find a perfect solution for our problem.
Ayush (verified owner) –
I have been using this software for more than a month. I loved the seamless and fast execution to the child accounts. Special thanks to Dharmesh for solving all my queries on time and introducing the features which I requested.
Manoj (verified owner) –
Easy to operate software
Stable operation
Good support from support team Dharmeshji
Manickam (verified owner) –
Very nice software, copy trading software I am using since last 5 months, really very good, awesome customer support. Keep on improving the software. Really reduced the lot of manual work for operating different account. Thanks to the team Myalgomate
KK (verified owner) –
It is the best copy trading software, it has lot of unique features and working seamlessly without delay, best wishes