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
If you are utilizing decimal multipliers such as 1.5 or 2.5, it’s important to note that partial profit booking and pyramiding are not supported. This is because it may result in a residual quantity remaining open or the establishment of an 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.
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.
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).
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.
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.
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.
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.
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….