Finding the right trading strategy can be a journey of trial and error for many traders. Fortunately, copy trading strategies can help traders find success more quickly by allowing them to copy the trades of other successful traders. Trade copiers are essential tools that automate this process, saving traders time while they mimic the trading behavior of others.
But with so many trade copiers on the market today, it can take time to identify the best solution for your needs. In this guide, we’ll compare two popular options—Replikanto vs. Apex Trade Copier—to help you confidently choose the best trade copier solution for your trading needs.
We’ll also discuss how QuantVPS’s trading VPS can help you achieve your goals, such as confidently choosing the best solution between Replikanto and Apex Trade Copier based on their specific trading needs and preferences.
What Is A Trade Copier and How Does It Work
A trade copier is software that allows traders to copy trades from one account to another in real-time automatically. The copier can be set up to copy trades from a lead account to follower accounts automatically, eliminating the need for manual trade entry. Once the system is set up, any trade executed in the lead account that meets the specified filters will automatically be copied to the follower account(s). The copier can be configured to adjust lot sizes as needed, and there is no limit to the number of accounts that can be copy-traded.
How Does A Trade Copier Work?
A trade copier works by syncing trades between a master account (where trades are initiated) and follower accounts (where trades are replicated). As stated above, once a trade copier is installed and configured, it will automatically copy trades from the master account to the follower account(s. It’s important to note that trade copying at its root is placing trades on a single account, which will copy to other accounts when executed. It’s not placing trades on each account individually, so between the time of execution from one as it translates to the other copied accounts, it’s not uncommon to find minor discrepancies in balances over time as orders may differ slightly.
Who Uses Trade Copiers and Why?
Trade copiers are commonly used by traders who want to replicate the trades of a successful trading strategy. Utilizing a trade copier, the trader can automate the process of copying trades and eliminate the need for manual trade entry on each account. Trade copiers can be especially useful for professional traders and fund managers who want to share their trading strategies with others and help them achieve similar results. Retail investors looking to learn from or replicate the trades of experienced or successful traders can also use trade copiers to automate the process of copying trades.
Read this before using a Trade Copier.
Trade copying at its root is placing trades on a single account, which will copy to other accounts when executed. It’s not placing trades on each account individually, so between the time of execution from one as it translates to the other copied accounts, it’s not uncommon to find minor discrepancies in balances over time as orders may differ slightly.
- The Trade Copier will only copy trades that are placed after proper set-up.
- The Trade Copier may introduce latency, so monitoring the copied trades closely is essential to ensure they are executed correctly.
- There is no limit to the number of accounts that can be copy-traded.
- Trade copying can only be applied to accounts within the same trading environment.
- You can copy trades from a Trading Combine to an Express Funded Account and from an Express Funded Account to a Trading Combine.
- Live Funded Accounts cannot utilize the Trade Copier.
Related Reading
What is Replikanto?
Replikanto: The NinjaTrader Trade Copier You Didn’t Know You Needed
Replikanto is the first and most reliable trade copier for NinjaTrader. The software replicates orders from a leader account to multiple followers according to the copy method selected. In network mode, trades between Replikanto installations running on different machines can be copied. Replikanto is fully compatible with Tradovate accounts and can copy trades using the web, app, or TradingView with OCO exit orders support.
There are several copy methods
Exact Quantity, Equal Quantity, Ratio, Net Liquidation, Available Money, Percentage Change, and Pre Allocation.
Top Features of Replikanto
Replikanto has many unique features that set it apart from generic trade copiers.
ATM Copy
This exclusive feature will use the leader’s NinjaTrader ATM strategy in the followers’ accounts (local and remote) to manage exit orders instead of copying them from the leader’s account. This new way of copying trades in NinjaTrader is much faster and will open new possibilities for using the Ratio and pre-allocation copying methods.
Market Only
This feature gives an option to copy only the leader’s market orders (executions) to the followers. This can be used with local or remote followers to ensure only executions are copied, omitting other order types like limit or stop orders.
Follower Guard
This feature aims to protect follower accounts in certain situations by closing the position and disarming it so it no longer receives copies from the leader. When this happens, an email will be sent so you can take the necessary action.
Cross Order
This feature allows you to trade micros and copy to minis or vice versa (ES ↔ MES, NQ ↔ MNQ, etc.).
Network and Remote Mode
Trades between Replikantos running on different computers over the local network or the Internet can be copied.
Export/Import
You can export and import the list of followers, IP nodes, and Replikanto Remote IDs individually.
Stealth Mode
This feature will prevent identifying the use of Replikanto by looking at the information recorded in the orders.
ScalperTicket Integration
Trades at the Bid/Ask price can now be transferred to follower accounts (local and remote). The Replikanto Flatten All button is now available in ScalperTicket.
NinjaTrader 8 with Replikanto must be running on all (Leader and Followers machines) machines. Requires a unique Replikanto license for all machines. Credits are required to send trades between Replikantos from different machines using the Internet as a communication channel.
What is Apex Trade Copier?
Apex Trade Copier is a powerful tool for traders seeking to automate their trading strategies. Designed to replicate trades between NinjaTrader accounts, the software automatically allows users to copy trades from one account to another. Conversely, trades can be copied from one NinjaTrader to another, allowing for a smooth user transfer.
Core Features of Apex Trade Copier
Apex Trade Copier has numerous features that help traders customize how they copy trades effortlessly. First, the software allows users to control how they replicate trades, including adjusting trade size and copying only particular types of trades (e.g., winning trades only). Apex Trade Copier also supports unlimited NinjaTrader accounts and lets users copy trades to and from different accounts in real-time. Furthermore, the software is easy to install and use, making it an excellent option for traders of all skill levels.
What Are the Strengths of Apex Trade Copier?
This trade copier is a solid choice for both personal and professional use. For individual traders, Apex Trade Copier helps them better manage their risk when trading multiple accounts by replicating trades across accounts. This is especially helpful for traders funded by proprietary firms who must adhere to specific trading rules. Apex Trade Copier has several features that help traders customize how they copy trades to suit their preferences.
What Makes Apex Trade Copier Unique?
Apex Trade Copier is unique because it’s a product of Apex Trader Funding. This proprietary trading firm actively encourages traders to use the software to help them succeed when trading their capital. The program offers a clear pathway for traders to improve their skills, develop consistent strategies, and potentially earn substantial profits while minimizing financial risk.
Related Reading
- Trade Copier for TradingView
- DX Trade Copier
- Trade Multiple Accounts Simultaneously
- Copy Trading Platforms
Replikanto vs. Apex Trade Copier Decision Guide
If you must trade multiple accounts within the same prop firm, you need a trade copier compatible with NinjaTrader 8. There are two main options when it comes to ninjatrader trade copiers: Replikanto and Apex trade copiers. We recommend the Replikanto Flow Bot Trade Copier. Replikanto can copy trades via the network, whereas Apex copier copies only what’s on the machine. Replikanto will do everything that Apex does, plus it can copy via a network, which allows you to copy between different machines, assuming they share the same network.
This is a perfect choice if you have Windows Professional Edition and run a HyperV program to run another instance of NT on the same machine. It also works with VPS. If you have multiple accounts with the same prop firm, you will be OK with Apex Copier. However, if you trade various prop firms and want to trade multiple accounts simultaneously, you must trade a copier from Replikanto.
How Do Apex and Replikanto Trade Copiers Work?
Below is a screenshot from Apex and Replikanto.
On the bottom, Replikanto has additional configurations for multiple NinjaTrader instances connected to the same network. You connect to it via nodes. How it works? The trade copier will copy trades from one “leader” account into other “followers” accounts. Setting up a trade copier for ninjatrader 8 will automatically copy your placed trades from leader to follower accounts, including your set take profits and stop losses. Whenever you choose to modify your TP and SL, it will also be modified in follower accounts.
Both copiers allow you to crossover from mini to micro and visa versa. If you trade multiple NT instances, Replikanto finds separate instances of Ninjatrader and connects them to allow you to copy trades. Whenever you add an account, it simply adds to your Rithmic account, and you just need to mark that account for copying. They both are fast in execution and relatively easy to set up. I have now upgraded to the Replikanto Trade copier and recommend it. Unfortunately, there is no free trade copier for ninjatrader. Apex Trade Copier costs 150$ for a lifetime license for two computers. Replikanto Trade Copier costs 250 for 2 machines.
Key Features of Replikanto and Apex Trade Copier
Some standard features are as follows: Cross over from mini to micro. Easily cross over from mini to micro and vice versa. You can also change contract size when you copy your trade Works with PA and eval accounts. You can copy trades in your eval accounts as well as PA accounts. You can use any prop firm you want if they offer NinjaTrader 8. Trade Copiers are not tied to a specific prop firm. You can trade PA and Evals at the same time. Replikanto and Apex trade copiers offer support and are easy to set up.
Related Reading
- Replikanto
- Ninjatrader Trade Copier
Deploy a Trading VPS Today
QuantVPS delivers high-performance, cost-effective trading VPS solutions tailored for algo traders. Our platform offers ultra-low latency of 1 millisecond, ensuring lightning-fast execution for futures, crypto, equities, and forex trading. We support major trading platforms, including NinjaTrader, TradeStation, MetaTrader, Interactive Brokers, Sierra Chart, and Quant Tower. With 24/7 support and a 100 uptime guarantee, QuantVPS provides a reliable, speed-optimized environment for traders to run their automated strategies continuously and efficiently. Get started and deploy your trading VPS today!