Duplicate Account Actions has several advantages over other trade copier solutions, including simplified copy using 'Executions' mode, the ability to copy across all instruments in one window, automatic handling of rejected orders, and fade positions from the Master account to the Follower accounts. You can also see relevant account statistics in the same window.
Simplified With ‘Executions’ Mode
By default, Duplicate Account Actions is configured to run in ‘Executions’ mode. This is unique in the ability to simplify the trade copying process and only tracking filled orders on the Master account. When any filled order event is detected, a Market order is submitted on the Follower accounts.
ATM Strategy For Each Follower Account
In our latest update, it is possible to select a unique ATM Strategy for each Follower account when using the 'Accounts Dashboard' in 'Orders' mode.
All Instruments
By default, the 'Accounts Dashboard' window is configured to copy all trades from the Master account across all instruments to the Follower accounts. Other trade copier solutions require a new window for each instrument.
Fade Follower Accounts
It is possible to configure one or more Follower accounts to fade the position in the Master account, while running in ‘Executions’ mode.
Rejected Order Handling
Rejected Order Handling is for situations when Stop Market or Stop Limit orders are submitted and rejected on the Master account and / or Follower accounts.
Enabled – when checked, Rejected Order Handling will scan the Master Account and Follower Accounts for rejected Stop Market or Stop Limit orders. When a rejected order is detected, it will automatically submit the same order, with or without an ATM Strategy, as a Limit or Market order instead. The parameter “New Order Type” is for selecting between Limit or Market.
Check Before Submit – if checked, Rejected Order Handling will check the bid and ask prices before submitting Stop Market or Stop Limit orders on the Follower accounts. Based on this, we can anticipate the potential for rejected orders and submit a Limit or Market order instead.
Account Risk Manager
Optionally, Account Risk Manager adds risk management features to the 'Accounts Dashboard' window, including the ability to track important numbers related to prop firm challenges, and set Daily Goal and Daily Loss values.