Copy Trading Software

Best Copy Trading Software for Indian Stock Market | How to Copy Trade in India

A comprehensive overview of the software features and benefits tailored for the Indian stock market.

Live Copy Trading Demo in “Hindi (हिन्दी)”

Watch a step-by-step live demonstration of copy trading using MyAlgoMate, explained in Hindi for easy understanding.

Live Copy Trading Demo in “English”

A detailed live copy trading demo presented in English, showcasing how to use the software in real-time.

Advantages of the Best Copy Trading Software in India

Effortless Account Management

• • One-Click Login: Access all your trading accounts instantly with a single login.
  • Multi-Broker & Cross-Broker Copy: Seamlessly copy trades from a master account (e.g., Zerodha) to child accounts across various brokers such as Zerodha, IIFL, Finvasia, etc.

Flexible Setup & Configuration

• • Simple Setup: Easy onboarding process to get started quickly.
  • Automated Order Splitting: No manual intervention needed—orders are split and managed automatically.
  • Quantity Multiplier (Decimal Allowed): Set multipliers for each account based on available funds or margin requirements.

Advanced Segment & Product Support

• • Segments Supported: NSE, NFO, MCX, CDS, BSE, BFO, BCD.
  • Child Account Segment Configuration: Enable/disable segments and set unique multipliers per segment (e.g., 1x for NSE, 2x for NFO) at the child account level.
  • Product Types: Supports MIS, NRML, CNC order types.

Smart Execution & Safety

• • Quick Start/Stop: Instantly start or stop copy trading for any account.
  • Smart Execution: Handles multiple simultaneous orders by placing buy orders first, followed by sell orders, in both parallel and serial modes.
  • Built-in Safeguards: Advanced protections prevent copy loops and trading errors.

Real-Time Monitoring & Transparency

• • Live PnL and Funds: Track real-time profits/losses and available funds for each account.
  • Copied Order Window: View order relationships between master and child accounts, monitor live market activities, and export order reports to Excel.
  • Live Positions Dashboard: Monitor account-wise and symbol-wise positions across all linked accounts.
  • Live Summary Dashboard: Get real-time summaries on account activity, total positions, PnL, and order status.
  • Order Types: Place Market, Limit, SL-M, and SL-L orders.
  • Order Modification: Modify limit prices, SL parameters, or cancel orders with ease.

Alerts & Notifications

• • Smart Notifications: Receive instant pop-up, sound, and Telegram alerts for rejected orders in child accounts.

Step 1: Purchase and Install Copy Trading Software

Once you purchase the Copy Trading Tool from the website, you will receive a desktop software EXE file that needs to be installed.

You have two installation options:

• • On your local computer
  • On a cloud machine (recommended)

If you choose to install it locally, ensure you have a power backup and a stable internet connection.

Using a Cloud Machine (Highly Recommended)

For better performance and convenience, we strongly recommend using a cloud machine to run the software. Benefits include:

• • Faster Performance: Runs on a dedicated server ensuring swift order execution.
  • Flexible Monitoring: Access the software from anywhere and from any device — Mobile, PC, or Laptop (Windows or Mac) — without having to keep your system always ON.
  • Reduced System Issues: Avoid conflicts caused by antivirus or firewall software on your local machine.
  • Uninterrupted Access: Cloud installation avoids internet and power interruptions at your location.

If you want a cloud machine, you can:

• • Purchase one directly from MyAlgoMate through this link:
    MyAlgoMate Cloud for Algo Trading
  • Contact our support team on WhatsApp at +91 88661 22446 to discuss and decide the best configuration for your needs.

You may also use any Windows-based cloud machine from providers like Amazon AWS or Microsoft Azure, but please note these options tend to be more expensive.

Step 2: Add Master and Child Accounts to the Software

After installing the software on your cloud machine or local computer, the next step is to add your master and child accounts.

To add an account, you will need your broker login credentials along with the broker API details.

Within the software, you can assign different quantity multipliers to each child account to customize how trades are copied. The formula used is:

Child Account Quantity = Parent Order Quantity × Account Multiplier

• • A multiplier of 1 copies the exact same quantity as the master account.
  • A multiplier less than 1 (for example, 0.4) copies 40% of the master’s quantity to the child account.
  • A multiplier greater than 1 (e.g., 3) copies three times the master’s quantity.
  • Decimal values like 0.05, 0.7, 0.9, 1.3 are fully supported for precise control.

Important: There are some limitations when using fractional or decimal multipliers. For detailed information, please refer to the “Limitations on using A/C multiplier” section here:  View Limitations

Step 3: Login to All Accounts

• • To log in, you can select the “All Account” checkbox to choose all your added accounts at once.
  • If you want to use only specific accounts from your list, select those accounts individually by checking their boxes.
  • Identify the master account (the account you provided when purchasing the software) by selecting its checkbox and assigning it as the master.
  • A blue symbol will appear next to the master account, indicating its selection status.
  • Click the “Login All” button to log in to all selected accounts simultaneously.
  • If all credentials are correct, you will see a success message in the status column. Your account name and available funds will also be displayed for confirmation.

• • Once logged in, click on the “Proceed” button to sync the data and move forward.
  • You will then need to agree to the End User License Agreement (EULA) to proceed further into the Copy Trading software.

Step 4: Start Copy Trading

• Initially, the status will show “Copy Trading Not Running” in red (refer to the image above).
• Click the “Start Copy Trading” button to activate the process.
• The status will change to “Running” and appear in green.
• Once running, you are ready to place orders in your Master Account.
• Your trades will now be automatically copied to the child accounts.

Step 5: Testing

Follow these guidelines to test the MyAlgoMate Copy Trading feature and reduce risks when using it with the live market:

Note: Use different scripts with low prices and good liquidity for each trading segment. For example, if you use both Equity and FNO, test all scenarios with just 1 quantity or 1 lot before starting live trading.

Testing Steps:

• • Place a Limit Order in the master account.
    Ensure the order is copied into child accounts with all parameters — quantity, price, trigger price, limit price — matching the set quantity multiplier.
  • Change the Price of the same Limit Order in the master account.
    Confirm the change is reflected accurately in all child accounts with the same order status.
  • Cancel an Order in the master account.
    Verify that all corresponding child orders are cancelled in their respective accounts.
  • Place a Market Order in the master account.
    Make sure the order is copied to child accounts with quantities matching the multiplier.
  • Exit the Position from the master account by closing the trade on the broker terminal executed above.
    Confirm the position is closed in all child accounts.
  • Check the Positions Tab of the software to verify positions across all accounts or by individual symbols.

Step 6: Monitor / Investigate Trades

• • Symbol Wise Position Summary
    
  • Account Wise Position
  • Copied Order Relation

Step 7: Error Scenarios & Solutions

Since multiple systems like infrastructure, broker APIs, and networks are involved, occasional issues may arise. Here’s how to handle common problems:

What to do if my order is fulfilled in the Master but not in the Child account?

• • MyAlgoMate provides a special feature to address this. Please refer to the Settings menu within the software for assistance.

What to do if my position is exited in the Master but not in the Child account?

• • Use the Exit button available in the software to manually close the position in the child accounts.

What to do to cancel any open LIMIT or SL Order?

• • Use the Cancel Order button provided in the software to cancel open orders.

What should you do if any order is not copied into the Child account?

• • Check if the account status shows as Active on the main screen.
  • Review the Copied Order screen to see if the order was Rejected in the child account; this screen provides a relational order book to track each child order against the Master order ID.
  • Check the Logs section at the bottom of the software; filter logs by Symbol or Master Order ID to troubleshoot.
  • If the error isn’t identified, contact our support team with the log file.

How to get the log file of the software?

• • Click the “Open Log Folder” button in the logs section at the bottom of the software screen.
  • You will find date-wise folders; compress the relevant folder using ZIP or RAR format.
  • Send the compressed log file to the support team for detailed investigation.

Order Types ALLOWED

• • Market Orders
  • Limit Orders
  • SL-M Orders
  • SL-L Orders
  • MTF Orders (Only AngelOne to AngelOne Broker)

Order Types NOT ALLOWED

• • AMO (After Market Orders)
  • Bracket / Cover Orders
  • GTT (Good Till Traded), GTC (Good Till Cancelled) Orders

Order Modifications

• • Supported Modifications:

• • • Limit Price modification
    • SL orders: Trigger and limit price modification
    • Canceling orders
    • Order type modification

• • Not Supported Modifications:

• • • Quantity modification
    • Product type modification

Limitations on Using Account Multipliers

• • Both integer and decimal multipliers are supported.
  • Using decimal multipliers (e.g., 1.5, 2.5) may cause residual quantities or opposite positions during partial profit booking and pyramiding.
  • For FNO, quantity is rounded down based on lot size. For example, if the calculated quantity is 260 and lot size is 50, the quantity will be rounded down to 250.
  • When using decimal multipliers, place entry and exit orders with matching quantities to avoid discrepancies. For example, if you buy 500 and 700 quantities in two orders, place two separate exit orders for 500 and 700 rather than a single exit order for 1200.
  • If your strategy requires pyramiding or part booking, use the account with the lowest quantity as the master and apply integer multipliers for child accounts with appropriate capital allocation.

Testing Guidelines

• • Start with minimal quantities for all order types during the first 2-3 days to familiarize yourself with the software (e.g., 1 quantity for Equity, 1 lot for Options).
  • Test order splitting using small orders.
  • Create scenarios such as child account rejection to understand notifications and error messages.
  • After gaining confidence and familiarity with the software’s features and information displays, proceed with live trading.

Software Configuration

• • Configure all parameters including order splitting, segment activation, and child account order rejection settings in the software’s Settings before starting copy trading.

VPS and Account Limits

• • Free VPS tiers (such as AWS) support a limited number of child accounts; exceeding this may require a paid VPS version.
  • There is no limit on the number of child accounts you can add.
  • If running on a local system, ensure:
    • Minimum internet bandwidth of 2 Mbps
    • Uninterrupted power supply
    • No software interruptions that could impact performance

User Proficiency

• • Basic computer knowledge is required.
  • Installation and credential entry must be completed by the user on the client side.
  • Support teams are available to guide you through the process.

Issue Resolution

• • For any issues, contact the support team promptly.
  • Provide log files along with a detailed written description of the problem for quicker resolution.

Copy Trading Enable / Disable Exchange and Segments:

Copy Trading Setting For Auto Order Splitting:

Copy Trading Setting Limit Order execution in Child Account:

• When you’re placing a limit order or Sl-Limit order, the order may get executed in the master A/C but not in the child A/Cs due to liquidity.

• In that scenario, you can choose from the following options:

• Revise the order in child A/C to market

• • • This option should be used only if you’re trading in instruments in which market orders are allowed. If you are trading in any instrument where market orders are not allowed, then it may fail to revise the order to market.
  • Revise limit price:
    • Ideally, we recommend this option to be used. It will revise the limit price.
  • Do Nothing:
    • If you don’t want to modify the order and wait for it to get filled then you can set “Do Nothing”. This option should be used with caution because if the order is not filled in child A/C and you place an exit order then there may be an error of order rejection due to a margin or opposite position getting created.
  • You can also set the of order revisions and intervals.

Exit button to exit positions through the software:

• You can exit any particular position in any A/C, or all positions of all A/Cs, or exit a particular position across all A/Cs. (Add Screenshots)
• We have provided with following order configuration which is applicable on the orders placed through the exit buttons.

Copy trading setting for order rejection :

• When any order gets rejected in the child A/C, you can set multiple options to manage it.

• • You can stop copy trading when any order gets rejected in a child A/C.
  • You can set no of re-tries at a specified interval and if all retries get rejected then you can opt to stop copy trading or not.
  • You can set don’t stop copy trading if the order gets rejected without any retries. This option is useful when you’re doing option buying.
• Choose the option wisely based on your requirements.

Telegram Settings to get live alerts: