The Tradesyncer beta software offers powerful tools for synchronizing trading activities, but as with any development phase, there are some unsupported features and limitations users should be aware of. This article outlines these aspects to help you make the most of Tradesyncer within its current capabilities.
Very important to know
If you suspect a wrong copy please check first if below reasons are the case!
If your trade isn’t copying, check if auto-liquidation was triggered or if you exceeded your account’s maximum allowed contracts or positions. Each prop firm, and even different evaluations within the same firm, has specific limits.
If you exceed these, Tradesyncer will copy your trade, but the broker will reject it the order would get status "rejected" which an be found in the broker logs.
Review your prop firm’s evaluation rules and broker limits to ensure smooth trade execution.
Partial fills
For stop and limit orders, execution depends on market liquidity and available counterparties. If there isn’t enough supply or demand at your specified price, your order may be partially filled on one or more accounts, even though the order was copied perfectly correct by Tradesyncer.
In the rare event that your leader or follower accounts experience partial fills which cause discrepancies in position sizes across accounts leading to you thinking the copy was wrong while it is not, there’s no need to worry.
Tradesyncer has built-in follower protection, ensuring that all follower accounts are flattened once the leader position is closed, even if there are differences in position sizes across accounts.
While Tradesyncer ensures precise order replication, execution ultimately depends on market conditions. Only market orders are guaranteed to be fully filled.
Known limitations
There are platform-specific and general limitations to consider when using Tradesyncer Beta. These limitations may affect synchronization and overall functionality during trading.
Tradovate-specific limitations
Tradovate imposes a 2-session limit per account. This means that a Tradovate account can only maintain two active sessions at the same time.
For example:
Adding a Tradovate connection to Tradesyncer counts as 1 session for a Tradovate account. If you also connect your Tradovate account to TradingView, that counts as a second session. Using the Tradovate app (mobile or desktop) would require an additional session, which exceeds the limit if both Tradesyncer and TradingView are already connected. We recommend prioritizing your connections based on your trading strategy and needs.
Other limitations
Mini and Micro Contracts: Users should avoid trading mini and micro contracts of the same instrument separately while simultaneously using the cross-order function. Doing so may result in inconsistencies and confusion within the cockpit. If you wish to trade both the mini and micro versions of the same instrument, ensure you only use the cross-order function.
DxFeed "Close Orders": The "Close Orders" function for dxFeed accounts will close orders across all instruments in an account from the Tradesyncer app, rather than being limited to a specific contract.
Stop Limit Orders for dxFeed: Please note that stop limit orders are currently not supported by dxFeed itself.
Correct Placement of Stop Orders: Always place Buy Stop orders above the last price and Sell Stop orders below the last price. If placed incorrectly (Buy Stop below or Sell Stop above the last price), the stop order will not be copied. This is due to Rithmic and Tradovate not supporting this at all.
Solution: Use a Market Order or Buy/Sell Limit instead if needed.
Upcoming features
During the beta phase, certain functionalities are not supported. These may impact specific trading strategies or workflows. Below is a list of features currently unavailable in Tradesyncer:
More Advanced strategy’s within ATM like trailing orders are not supported, these strategies can only be used on specific platforms like NinjaTrader.
Trailing stop orders: Dynamic stop-loss orders that adjust with the market are not available.
Trailing stop limit orders: A combination of trailing stops with limit conditions is unsupported.
By understanding these unsupported features and known limitations, you can better navigate the Tradesyncer beta experience. The development team is actively working to expand the functionalities in future updates. For now, use the software within these guidelines to ensure a smoother trading experience.