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.
Important to know
If you’ve followed all our setup articles and tutorials but your trade isn’t copying, first ensure that you haven’t triggered auto-liquidation or exceeded the maximum allowed quantity of contracts permitted on your account.
Keep in mind that every prop firm has its own rules regarding the maximum quantity of contracts allowed per account type. If you attempt to exceed this limit while trading with Tradesyncer, your trade will not be copied.
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 as a leader can cause inconsistencies. To prevent ghost orders, users should adhere to the following guidelines:
Tradovate imposes a 2-session limit per account. This means that a Tradovate account can only maintain two active connections 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:
OCO orders (one-cancels-other): This popular order strategy is not supported.
Bracket orders: Orders with preset profit targets and stop-loss limits are not operational.
ATM order strategies (automated trade management): Advanced order management strategies are not functional.
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.
Live PnL display for Tradovate: Real-time profit and loss display for Tradovate accounts is not functional.
By understanding these unsupported features and known limitations, you can better navigate the Tradesyncer beta experience. The development team is actively working to address these issues and expand functionality in future updates. For now, use the software within these guidelines to ensure a smoother trading experience.