How to Copy Trade on TradeStation

Step-by-step guide · 5 min read

Link your TradeStation account to RelayTrades through SnapTrade and decide exactly how the strategies you subscribe to interact with it. Signals arrive in real time, and any routed order is placed in your own TradeStation account under the sizing and risk rules you set, so you get the automation without giving up control of your account.

Copy trade on TradeStation in 5 steps

1. 01

   Sign up and connect your TradeStation account

   Create an account at app.relaytrades.com, then connect your TradeStation account through SnapTrade. SnapTrade is a secure brokerage-connection service, so your TradeStation login is never shared with RelayTrades. Once connected, RelayTrades automatically detects what your TradeStation account is enabled to trade (stocks and ETFs).

2. 02

   Choose a strategy to follow

   Browse the available traders and strategies, review their historical metrics, and subscribe to the one(s) you want to copy. Some strategies are free to follow; others are paid by the trader who runs them.

3. 03

   Set your sizing and safeguards

   Before any trade copies, decide how it maps to your account: a sizing multiplier (or maximum position size) so a larger account's trade scales sensibly to yours, your routing mode (auto-copy or manual approval), and risk controls, maximum exposure, daily-loss caps, and slippage protection. Set up your one-tap kill switch here too. Every rule is enforced server-side before an order is placed.

4. 04

   Let trades route to your own TradeStation account

   When the trader places a trade, RelayTrades relays the signal in about a second and places the matching order in your own TradeStation account, scaled to your settings. Your funds never leave your TradeStation account, RelayTrades only routes the orders you have chosen to follow and never takes custody or discretionary control.

5. 05

   Monitor and stay in control

   Track your positions and profit/loss from the dashboard. You can switch any strategy to manual approval, pause automation, or use the kill switch to halt all activity and flatten open positions on your TradeStation account instantly. You can revoke the TradeStation connection at any time.

Why TradeStation works well with RelayTrades

• Full custody stays at TradeStation. Your capital remains in your TradeStation account. RelayTrades provides automation support and safeguards, not capital management.
• Configure before you copy. Set sizing multipliers, routing mode, time windows, and stop-loss and take-profit defaults per strategy before anything is routed.
• Full audit trail. Every signal and routed execution on your TradeStation account is logged so you can review exactly what happened and why.

New to copy trading? Read how copy trading works or see the TradeStation copy trading overview.