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Trade copier

Software that replicates orders from one account into others, used by prop firms to mirror selected traders into live accounts and by traders to run several accounts at once.

Copying is never exact. The copied account fills a fraction of a second later, at a different queue spot, possibly with different size, so the copies drift from the source. Firms manage this by copying only traders whose style tolerates latency.

Traders also use copiers across several funded accounts, which concentrates risk: one bad idea breaches the daily-drawdown on every account simultaneously.

Example: a trader runs three $50,000 evaluations through a copier with a 3% daily loss limit. One trade goes 40 points against them on 2 contracts per account. All three accounts take a $4,000 loss at once, all three breach $1,500 daily limits, and all three are failed by the same click.

Related: live-funded-account, sim-funded-account, daily-drawdown, consistency-rule

See it drawn

Original diagrams for the ideas on this page. Illustrative, not real market data.

An equity curve and its drawdownAn account balance rising over a year, falling from a peak to a trough, then climbing back to the old peak.ACCOUNT EQUITY$20k$12k$8k024681012TIME (MONTHS)PEAK $16,000TROUGH $12,000DRAWDOWN−25%RECOVERY
Equity curve and drawdown. An account balance plotted month by month. The fall from the $16,000 peak to the $12,000 trough is a 25% drawdown, and the shaded area lasts until the balance climbs back to the old peak.

Educational only, not advice. Spotted an error? Post in Site Feedback.