Trade Copier Implementation

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ebaydan777

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Jun 14, 2021
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Can the devs at MW please implement a method to trade copy between sub accounts for Apex or Leeloo users (which are many of us) under a single rithmic account? It would literally be life changing. Similar to Apex Trade Copier for Ninjatrader. If someone can develop this I will throw you my entire account and start over. lol
 
I have an idea for a workaround that I am working for my own use that involves using an external application to automate the order execution via windows. It is pretty raw right now, but if others are interested I would be willing to turn it into a product that makes setup easier. Send me a direct message if you are interested.
 
I have a version that I am currently testing that looks decent. There is some slippage in the copied account since it doesn't detect limit orders placed across accounts, but instead hits market when the "Master" account buys or sells. The amount of slippage depends on difference between the bid/ask in the product you trade. I may try a feature that allows for a limit order to be placed as soon as the Master account executes to try to get the same price, but that could be subject to other issues like your limit order never hitting.

I have an email into dev support at Motivewave since the development kit does have access to executions and orders, but errors are happening in the logs when I try to access them. If I could access open orders, it would be possible to duplicate limit orders. So far most of the order/execution access is only related to a strategy that triggers an automated order, not one placed via an order ticket or DOM.
 
Bryan SP said:
I have a version that I am currently testing that looks decent. There is some slippage in the copied account since it doesn't detect limit orders placed across accounts, but instead hits market when the "Master" account buys or sells. The amount of slippage depends on difference between the bid/ask in the product you trade. I may try a feature that allows for a limit order to be placed as soon as the Master account executes to try to get the same price, but that could be subject to other issues like your limit order never hitting.

I have an email into dev support at Motivewave since the development kit does have access to executions and orders, but errors are happening in the logs when I try to access them. If I could access open orders, it would be possible to duplicate limit orders. So far most of the order/execution access is only related to a strategy that triggers an automated order, not one placed via an order ticket or DOM.
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Did you have some success? I am trying to implement something similar including trade management with automated position sizing but I am not sure where to start... How does your external app communicate (protocol or tech stack) with MW?
 
I'm also really interested in this feature. I stopped using Motivewave because of this.
 
Does anyone think Motivewave will ever get this capability?

I've moved all of my trading to funded accounts. I'm still using Motivewave for now, but not being able to copy trades to multiple accounts (within a single Rithmic login) is a serious handicap. I've looked at NinjaTrader, but Motivewave is just a better platform in all respects.

FWIW, here are two other threads on the MW support forum asking for the same thing:

Mirror Trades / Place trades in multiple accounts simultaneously

Can you add a feature where I can choose more than one account, or a group of accounts, to place the same trade in all of them simultaneously. TD, TradeStation and NT7 have it already built in.
support.motivewave.com support.motivewave.com

Group/Trade Copier Implementation

Can Motivewave PLEASE develop something like tradovates group trading which is similar to NT8's Apex Trade Copier. A lot of us use Leeloo or even bring Tradovate over to motivewave. How can we trade on multiple accounts without manually switching the account number for each trade and missing out...
support.motivewave.com support.motivewave.com
 
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This is probably the one big thing I miss with this platform and would actually make me switch. NinjaTrader has it, but I'm not a fan of that platform. But now Quantower has implemented copy trading. And that platform is a firm contender to Motivewave atleast for me. I would hate to switch, but for how long can you wait?
 
Can we get some MotiveWave support on these forums? Where is this trade copier implementation?
 
itradefutures said:
I agree. I have several accounts with the same firm, and having to manage multiple DOMS for entry, exit, and management is difficult and frustrating.

I absolutely love MotiveWave and don't want to change, but this lack of a feature gets in the way of scaling - which is a pretty big deal!
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yeah....i've been watching these threads now for a long time...and it doesn't appear that MW is ever going to respond to any of us...even tho it's THEIR support forum! Copy trading and prop firm trading is THE FASTEST growing style of the day trader...and everyone else, even Sierra Chart has gotten into the game. QT is a unique and intriguing product. I've used it many times...but it's TPO sucks big time and I'm a market profile guy and love the simplicity and ease of MW..and I follow FuturesTrader71...so it helps to be in same platform. I like the QT copy trader a lot...but it behaves weirdly sometimes and concerns me. But if I keep adding funded accounts with Apex and Bulenox and now Leeloo....I can't keep trying to manage them all separately. It's too time consuming and I know it's not ideal AT ALL. So come one MW!!!....get it together and at the very least...respond to someone on this thread. anything would be nice. LOL
 
Really hope they get this on board, I'm watching Sierra chart tutorials RIGHT AT THIS MOMENT so i can move all my accounts there for copy trading. Come on Motivewave!!!!!!
 
and everyone please email SUPPORT@MOTIVEWAVE.COM REQUESTING THIS FEATURE! Their email support team responds pretty fast and I think we'll get their attention that way than through this forum posts.
 
If anyone is still following this thread. Motivewave has asked me to beta test their trade copier which apparently should be released for testing within *weeks*. It's their top of the list feature being worked on for their next major release. So, hang on tight, if I find out more ill announce, for now, it appears they have something in the pipes very soon.
 
ebaydan777 said:
If anyone is still following this thread. Motivewave has asked me to beta test their trade copier which apparently should be released for testing within *weeks*. It's their top of the list feature being worked on for their next major release. So, hang on tight, if I find out more ill announce, for now, it appears they have something in the pipes very soon.
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Ahh - Made me day!! I am struggling running Quantower and MW at the same time for this reason.

Thanks for keeping us in the loop! :)
 
This is great news, hopefully it will be a short wait now that the Mobile app is launched.
 
This is indeed a much anticipated and often requested feature.

Thank you, @ebaydan777 to inform us that there is light at the end of the tunnel (y)
:)
 
That's cool, however this trade copier will work for any kind of account/broker, right? (Not only from rithmic to rithmic, but also from CQG to CQG, CQG to rithmic, or even from CQG to a forex broker, etc.). I guess we will be able to copy our trades between any of the brokers available on the MotiveWave platform?
 
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