Overview of Multi-Account Ordering Function:
Allows users to manage multiple API accounts on a single platform, enabling multiple API accounts to place orders simultaneously.
This feature is particularly suitable for users who need to operate multiple accounts for ordering, risk control, or team trading.
By centralizing management, users can more effectively monitor their portfolios, execute trades, and analyze data.
Special Uses of Multi-Account Ordering:
1. Centralized Account Management
By authorizing multiple API accounts, users can easily manage multiple trading accounts without frequently logging in and switching between different account interfaces, thus monitoring and operating each account more efficiently, simplifying the trading process.
For example: By authorizing four accounts ABCD, users can quickly switch to view account statuses and orders through the API tab, easily managing multiple accounts.
2. Flexible Ordering Modes
Supports setting different "Copy Trading" or "Position Allocation" modes.
Copy Trading Mode: Orders are placed in multiples of the order quantity, where order quantity = input quantity × multiple.
Position Allocation Mode: Orders are distributed based on the total order quantity, where order quantity = input quantity × ratio ÷ sum of ratios.
For example:
1) If you want accounts ABCD to place orders of 100, 200, 300, and 400 respectively, you can choose the Copy Trading mode with a ratio set to 1:2:3:4. In this case, when placing multi-account orders, if the main account is A and the input quantity is 100, orders will be placed simultaneously according to the ratio multiples.
2) If you want accounts ABCD to place a total order of 1000, with orders of 100, 200, 300, and 400 respectively, you can choose the Position Allocation mode with a ratio set to 1:2:3:4. In this case, when placing multi-account orders, if the input quantity is 1000, orders will be allocated according to the ratio.
3. Batch Trading Operations
Setting a main account and multiple follower accounts allows for batch operations, which is one of the core functions of traditional financial software.
If you want to control multiple accounts to complete trades quickly, the multi-account ordering will be very useful and efficient. You only need to operate once, and the other follower accounts will complete the order operation together, covering daily trading operations such as buying and selling, market price liquidation, take profit and stop loss, synchronous order modification, and synchronous order cancellation, improving efficiency by over 100%.
4. Copy Trading Strategies
For those who need to follow trades or copy trading, the multi-account ordering function provides a convenient solution.
Traders can directly copy their trading strategies to multiple client accounts, enabling quick and effective execution of strategies, ensuring clients can timely seize market opportunities.
Thus, the trader's account can be set as the main account, while other client accounts are follower accounts. After setting the copy trading ratio for the accounts, the trader only needs to execute trades according to their strategy, and the client accounts will be synchronized, easily completing the copy trading work.
Multi-Account Ordering Tutorial:
- First, open the Multi-Account Ordering switch on the ordering panel.
- Select the API accounts to follow.
- Customize account group settings, with the default set to "Copy Trading" mode and an order ratio of 1:1.
- With one-to-many ordering, follower accounts will place orders for the same quantity as the main account or according to the position allocation ratio.
- Batch order cancellation, follower accounts will cancel orders together.
- Multi-account position management.
Summary: The multi-account ordering function provides an efficient, flexible, and secure trading management method for traders and trading teams. By centralizing management, improving efficiency, achieving strategy consistency, and enhancing risk control, this function not only enhances team collaboration but also provides a better trading experience.
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