Master Accounts

What a master account is

A master account is one account whose trades are copied to other accounts. The accounts that receive the copies are called child accounts.

When the master places an order, AutoTrader Web copies that order to each child. Each child has its own multiplier, so a child can trade the same quantity as the master, more, or less. You set all of this up yourself, and you can stop it at any time.

This is the screen behind master-child copy trading. To understand the full feature first, see Master-Child Copy Trading.

The Master Accounts list

Open it from the menu: Accounts -> Master Accounts.

The list shows each master account with:

• its name, login and broker,
• whether it is live,
• whether copy-place, copy-cancel and copy-modify are on,
• the number of active children and total children, and
• the total multiplier of its children.

From the list you can:

• Create — make a new master account.
• Enable Copy / Disable Copy — quickly turn copy-place and copy-cancel on or off for a master.
• Delete — remove a master-child mapping.

Click a master’s name to open it and change its settings.

Set up a master account

1. If you are new, first add your trading accounts.
2. Open the menu: Accounts -> Master Accounts.
3. Click Create and choose the account that will act as the master.
4. Open the master to edit it. From the Available accounts list, click Add to attach the accounts you want as children.
5. Set a multiplier for each child (see below).
6. Turn on the copy options you need (copy place, cancel, modify).
7. Click Save.

To remove a child later, click Remove next to it in the Child accounts list.

Copy settings you control

On the master’s edit screen you decide exactly how copying works:

Setting	What it does
Copy (copy-place)	Copy each new order from the master to the children.
Copy Cancel	Also copy it when the master cancels an order.
Copy Modify	Also copy it when the master modifies an order.
Copy Parallel	Send the copied orders to all children at the same time, instead of one after another.
Split Quantity	Automatically break a large order into smaller orders so each stays within the exchange freeze limit.
Copy Start Time / Copy End Time	The time window during the day when copying is active.
Segments to Copy	Choose which market segments are copied — for example cash, F&O and commodity.

The multiplier

Each child has its own multiplier. It sets how much quantity that child copies compared to the master.

• A multiplier of 1 copies the same quantity as the master.
• A multiplier of 2 copies double, and 0.5 copies half.

For the exact rounding and calculation rules, see Quantity Multiplier.

Precautions

• Copy trading is fully under your control. You choose the master, the children, the multipliers and the copy window, and you can turn copying off at any time.
• Some brokers are not a good choice as a master account. For example, IIFL is not recommended as a master. Please read the limitations and precautions before you go live.
• Test with a small multiplier first, then scale up once you are confident the setup behaves the way you expect.