Recent releases from top futures trading software vendors have made copying trades from TradingView smoother, faster, and more reliable than ever before to various platforms. TradingView, a popular charting platform, can be integrated with these trading platforms to facilitate automated trading strategy execution.
This is particularly useful for managing multiple accounts, such as those from proprietary trading firms (prop firms), where traders execute trades on behalf of the firm on platforms like Ninjatrader and Tradovate, connected to Rithmic (a provider of market data and trading services with access to the CME Futures exchange).
In this blog post, we’ll dive into the six best trade copiers for TradingView—from speed and compatibility to pricing and features, helping you streamline your trading operations and scale prop firm payouts. Each trade copier offers unique features and integration methods to help traders scale their prop firm payouts, so let’s find out which is best for you.
Can I Copy Trades from TradingView?
The Basics of Copy Trading and How TradingView Fits In
Copy trading is a trading method where trades from a leader account are automatically replicated to one or more follower accounts, minimizing manual intervention. This approach is particularly useful for managing multiple accounts, such as proprietary firm (prop firm) accounts, which are trading accounts owned by a firm where traders trade on behalf of the firm, sharing profits and losses as per the firm’s rules. In the context of TradingView, a web-based charting platform, and Rithmic, a provider of market data and trading services for futures, traders can use trade copier tools to connect TradingView to platforms like NinjaTrader and Tradovate, which support Rithmic connections. This connectivity enables traders to use these platforms for their Rithmic-based prop firm accounts, facilitating efficient trade management through copy trading tools.
What Does TradingView Offer for Copy Trading?
TradingView is a comprehensive financial platform that provides traders with an extensive range of features designed to enhance their trading experience. TradingView offers advanced charting tools, technical indicators, and a social network where traders can share ideas and strategies.
At the heart of TradingView’s appeal lies its advanced charting and analysis capabilities. But it does not provide direct copy trading features where trades are automatically replicated from one account to another. Instead, it allows users to place trades through connected broker accounts, which can be copied to other accounts using third-party trade copier tools.
While it doesn’t support automated copy trading, its alert system and broker integrations can be used with external tools to facilitate copying trades.
Several trade copier tools are available to support this process, such as CrossTrade’s TradingView Trade Copier, FlowBots’ Replikanto, Affordable Indicators’ Trade Copier, Duplikium Trade Copier, and PickMyTrade. These tools help manage multiple prop firm accounts efficiently by copying trades, including order types like take profit and stop loss, across different accounts.
How Does Trade Copying from TradingView Work?
TradingView will send an alert to your Trade Copier tool, which will then execute the trade in your Prop Firm account.
Related Reading
How to Copy Trades From TradingView to MetaTrader or NinjaTrader
Setting Up Trade Copier for TradingView and MT5 or NT8
Copying trades from TradingView to MetaTrader 5 (MT5) or NinjaTrader 8 (NT8) requires an initial setup process to establish a connection between the two platforms. To do this, traders must select a third-party trade copier for TradingView and MT5/NT8 and follow the setup instructions provided by the developer. In most cases, this involves installing scripts or applications on both TradingView and MT5 / NT8. Once the connection is established, traders can copy trades from TradingView to MT5 / NT8.
Selecting a Signal Provider on TradingView
Before you can copy trades from TradingView to MT5 / NT8, select a signal provider on TradingView. Signal providers share their trading activity publicly on TradingView, allowing other users to view their published trading ideas and follow their charts. By reviewing a signal provider’s published ideas, performance metrics, and community reputation, you can find someone whose trading strategy aligns with your goals and risk appetite.
Configuring MT5 / NT8 to Copy Trades from TradingView
After selecting a signal provider, you will configure your MT5 platform to receive trade signals from the selected signal provider on TradingView. Once you have completed this process, MT5 will be able to obtain and execute trades automatically based on the signals generated by your chosen provider.
How Trade Copying Works
Now that your platforms are connected, you can copy trades from TradingView to MT5 / NT8. When the signal provider executes a trade on TradingView, the trade details will be transmitted to the connected MT5 / NT8 platform. Your MT5 / NT8 account will automatically replicate the trade executed by the signal provider, allowing you to mirror the trades of signal providers in real-time. This synchronization eliminates manual trade execution and enables efficient trade copying from TradingView to MT5 / NT8.
Let’s jump right into the top picks so you can decide which trade copier best fits your goals.
Related Reading
7 Best Trade Copiers for TradingView
Trade Copiers: What Are They and Why Are They Important for TradingView Users?
Trade copiers are tools that copy trades from one account to another automatically. When the original trader opens or closes a position, the same action occurs simultaneously or almost instantly in the follower’s account. Trade copiers are essential for TradingView users because they effectively reduce the time it takes to execute trades based on TradingView signals. Instead of manually executing trades, you can copy them automatically and improve your performance. For example, tools like CrossTrade Trade Copier (CrossTrade’s Trade Copier for TradingView to NinjaTrader) enable copying trades from TradingView to platforms like NinjaTrader.
1. CrossTrade: Top Rated Trade Copier
CrossTrade is designed to connect TradingView to NinjaTrader, converting TradingView alerts into executable orders on NinjaTrader. You can then copy trades across multiple prop firm accounts.
Key Features
- Converts TradingView indicator or strategy alerts into orders on NinjaTrader, facilitating automated execution and management of trades.
Integration: Set up alerts in TradingView based on trading strategies, and CrossTrade captures these alerts to execute corresponding orders in NinjaTrader, suitable for Rithmic-based accounts via NinjaTrader.
Best For
Futures traders and those using TradingView signals for algorithmic trading.
Advantages
Simplifies the process of automating trades from TradingView, suitable for traders who prefer TradingView for analysis and NinjaTrader for execution.
Setup Essentials: Use a trading VPS, a tool that can help improve your overall trading efficiency. This tool can run 24/7 with your ideal trade copier for TradingView that automates your trades and reduces additional complexity.
2. Flowbots Replikanto:
Replikanto, a NinjaTrader 8 add-on, simplifies this by automating trade replication across multiple accounts. Here’s what you need to know:
- Key Features: Replicates orders in real-time with minimal delay, supports remote copying between different machines via local network or the internet, and offers various replication methods like exact quantity and ratio-based copying.
- Integration: Set up a leader account and follower accounts in NinjaTrader, with trades automatically copied, suitable for Rithmic-based accounts via NinjaTrader, though primarily designed for NinjaTrader.
- Pros: Flexible with remote copying options, enhances user flexibility with multiple replication methods.
- Cons: May require additional setup for TradingView integration, potentially complex for some users.
3. Affordable Indicators Trade Copier:
Affordable Indicators offers a comprehensive trade copier that connects TradingView to NinjaTrader, enabling traders to copy trades from a master account to multiple follower accounts.
- Key Features: Copies trades from TradingView to NinjaTrader, includes risk management features, and supports copying of ATM (Advanced Trade Management) orders, including take profit and stop loss.
- Integration: Place trades on the master account in TradingView, and the copier duplicates them to follower accounts in NinjaTrader, supporting copying across multiple instruments and accounts.
- Pros: Robust integration with both TradingView and NinjaTrader, includes risk management tools.
- Cons: May have a learning curve for setup and configuration.
4. Duplikium: The Cloud-Based Trade Copier with a Free Plan
Duplikium is an excellent option on our list of the best trade copiers that offer a free plan with some limitations. You can trade with Duplikium across multiple platforms, such as MT4, MT5, cTrader, TradingView, FXCM, and LMAX. Let’s take a look at what they offer:
Cloud-Based Hosting
Since everything’s in the cloud, keeping a PC or server running 24/7 is unnecessary. Also, you can be assured that your trades happen in near real-time, with trade latency as low as 1-3 milliseconds,
Account Management
There are no limitations on the number of lead or copy accounts you can own.
Flexible Pricing
Duplikium offers three plans:
- Free Plan: This plan includes one primary and one copy account with some limitations.
- Paid Plans: With this plan, you’d pay per connected account with no restrictions.
- Add-ons: you can customize and extend your trade copier with extra features. You can also visit their official webpage and see what else they offer for a free trader copier.
5. PickMyTrade: Automated Trading Algo Platform
PickMyTrade empowers traders by automating TradingView strategies/Indicator for futures, seamlessly connecting TradingView with Tradovate and Rithmic
Key Features
- Real-time trade mirroring from TradingView to MT4/MT5.
- Customizable risk management settings.
- Supports multiple accounts and brokers.
Best For
Forex traders and those using TradingView signals for algorithmic trading.
Advantages
User-friendly setup and strong reliability in execution.
6. SignalStart: An All-in-One Trade Copier Platform
An all-in-one trade copier platform that supports TradingView signal copying and account management.
Key Features
- Easy integration with TradingView and brokers.
- Real-time synchronization across accounts.
- Customizable parameters for trade sizes and risk.
Best For
Signal providers and followers looking for reliable trade copying.
Advantages
Access to a broad marketplace of strategies and signals.
Comparison Table
Comparison Table
| Trade Copier | Platform Support | Rithmic Integration | Key Features | Cost Consideration |
|---|---|---|---|---|
| CrossTrade | TradingView to NinjaTrader | Yes | Automated execution, customizable settings | Requires subscription |
| FlowBots’ Replikanto | TradingView to NinjaTrader, Tradovate | Yes | Network mode, ratio-based copying | Potentially complex setup |
| Affordable Indicators | TradingView to NinjaTrader | Yes | Real-time copying, risk management | Varies by accounts |
| PickMyTrade | TradingView to Rithmic | Yes | Advanced automation, real-time data | Higher cost |
| Duplikium | Multiple, including TradingView | Possible compatibility | Fast execution, broad platform support | Higher due to features |
Deploy a Trading VPS Today
Trade Copier for TradingView is a tool that allows traders to copy the trades of other traders on TradingView. With a Trade Copier for TradingView, users can automatically mirror other traders’ buy and sell trades into their own TradingView charts. TradingView has become a forex and crypto traders’ most popular charting platform. It’s easy to use and completely free.
The Trade Copier for TradingView uses the platform’s alert system to facilitate trade copying. When an alerted trade is executed on one TradingView account, the Trade Copier syncs with another account and automatically executes the same trade on that account. This process happens almost instantaneously, allowing users to mirror the trades of other traders in real-time. Copying trades on TradingView can help users quickly identify and replicate the strategies of successful traders. The Trade Copier for TradingView helps automate that process so that users don’t have to execute trades manually.
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Related Reading
- Replikanto
- Ninjatrader Trade Copier