Replikanto Review 2024

What is Replikanto?

Replikanto is an efficient trade copier specifically crafted for Ninjatrader 8 accounts, which replicates trading activities from a main ‘Leader’ account onto multiple ‘follower’ accounts. It facilitates the followers to adopt the trading strategies of the Leader automatically. Replikanto provides a variety of replication methods to cater to diverse trading styles and needs. It stands out with its unique network/remote mode, which allows copying trades across different machines, offering flexibility and convenience. Additional notable features include stealth mode for privacy and cross-order capability for effective trade size conversion.

Replikanto Features

Cross Order Capability

Replikanto allows for the efficient conversion of trade sizes. It means you can trade in micro and copy the trade to mini or vice versa, such as ES ↔ MES, NQ ↔ MNQ, and so on.

Network Mode

This feature facilitates copying trades from one computer to another within the same local network. All you need is to have Ninjatrader 8 with Replikanto running on both the Leader and follower machines. Please note that a Replikanto license is required on all machines for this feature.

Remote Mode

For those needing to copy trades over the internet, Replikanto’s Remote Mode comes in handy. However, to utilize this feature, you would need credits which can be obtained from their website.

Stealth Mode

For those who value privacy, the Stealth Mode feature ensures that your use of Replikanto isn’t easily identifiable by examining the recorded order information.

ATM Orders

With Replikanto, ATM orders made on the leader account can be efficiently replicated across all follower accounts. However, note that while it generally works smoothly, external programs like Tradovate (Web and Mobile App), RTrader Pro, TradingView, TWS, etc., can sometimes generate unexpected results. Hence, it’s advised to always use the Ninjatrader PC version to place orders. For Ninjatrader 8.1+ users, the Multi-provider should be turned on to ensure the product functions properly.

NT7 to NT8 Compatibility

Replikanto also enables trades to be copied from Ninjatrader 7 to 8, with the prerequisite of having the Replikanto NT7 to NT8 product.

Each of these features is designed to enhance user flexibility, provide superior trade copier functions, and promote a smoother trading experience. For a hands-on experience and a better understanding of what this tool has to offer, feel free to explore it here.

External Replikanto Reviews & Ratings

Replikanto Replication Methods

Replikanto offers a variety of replication methods to accommodate the diverse needs of its users. Here’s a simple explanation of each:

Exact Quantity

As the name suggests, this method replicates the exact volume of the trade across all accounts in the group. For instance, if you place an order for 4 contracts of ES and your Account Group has four or even six accounts, each account will receive the same 4 contracts.

Equal Quantity

In this method, the contracts are equally distributed among all accounts in the group. For example, if you place an order for 40 contracts of MES and your Account Group includes four accounts, each account will receive 10 contracts. If there are six accounts, each account will receive 6 contracts.

Ratio

This method allows you to set a ratio for each follower account, ranging from -100 to 100. For instance, a 0.5 ratio for a two contract order will result in a 1 contract order for the follower account. On the other hand, a 2.0 ratio for a 1 contract order will result in a 2 contracts order for the follower. Negative ratios will reverse the orders. For example, buy orders will become sell orders, and vice versa.

Net Liquidation

This method distributes shares based on the net liquidation value of each account. If you place an order for 700 shares, and the account group includes three accounts with net liquidation values of $25,000, $50,000, and $100,000, respectively, the shares are allocated based on a 1:2:4 ratio.

Available Money

Here, shares are distributed based on the available equity in each account. Like the previous method, if you place an order for 700 shares, and the three accounts have available equity amounts of $25,000, $50,000, and $100,000, respectively, the shares are allocated in a 1:2:4 ratio.

Percentage Change

This method modifies an existing position. Positive percentages increase a position, while negative percentages decrease it. The adjusted order size is displayed in the Quantity field once acknowledged.

Pre Allocation

In this method, the pre-allocated quantity in each follower account is used, regardless of the lead order size. An order in each follower account is placed with the pre-defined quantity. This method, however, is not recommended for ATM exit orders or when partially filled orders are expected.

Cross Order Replikanto Instruments

Replikanto offers a Cross Order feature that enables the efficient transition between different trading instruments:

The pre-defined set of instruments includes: ES ↔ MES, NQ ↔ MNQ, YM ↔ MYM, 6A ↔ M6A, 6B ↔ M6B, 6E ↔ M6E, 6J ↔ M6J, 6S ↔ M6S, GC ↔ MGC, ICD ↔ MICD, IJY ↔ MIJY, ISF ↔ MISF, NF ↔ MNF, RTY ↔ M2K, CL ↔ MCL, NG ↔ QG, RB ↔ QU, HO ↔ QH, ZS ↔ YK, ZC ↔ XC, ZW ↔ YW, FDXA ↔ FDXM, and more.

Moreover, Replikanto allows for the customization of your Cross Order instruments, providing the flexibility to tailor the tool according to your specific trading needs at any given time. This means you can adjust and redefine the instruments you wish to trade and copy, facilitating a personalized trading experience.

Replikanto Pricing Options

The cost of Replikanto varies based on the type of license you choose. There are several options:

• For a single machine with lifetime access, the price is $149.
• For two machines with lifetime access, the price is $249.
• For a single machine with a one-year license, the price is $99.
• For two machines with a one-year license, the price is $149.

For those who want to try before they buy, Replikanto offers a 7-day free trial. It’s advisable to avoid using the trial version on live accounts to prevent any potential issues. Additionally, every purchase comes with 20 submit credits for the Remote Mode feature, allowing users to experience this unique functionality.

This pricing structure ensures Replikanto can cater to various budget ranges and user preferences while maintaining its superior service quality.

Replikanto Remote Credit

Replikanto uses remote credit for leader accounts. The Replikanto Remote Credit is available for purchase ranging from $10 to $200, and is exclusively for those who have acquired Replikanto. Again, it’s worth noting that only the leader account requires these credits, not the follower accounts.

These credits enable the use of the Remote Mode feature in Replikanto 1.4 and later versions. This feature facilitates the transmission of trades over the internet, extending your trading capabilities.

Customer Support

For user support, the platform offers an extensive FAQ area meticulously designed to tackle users’ inquiries regarding Replikanto. Beyond that, for questions that require a personalized touch, users can reach out to the dedicated Replikanto customer service team directly via a provided messaging interface. With this combination, the platform ensures quick and effective resolution of user queries, further enhancing user experience.

Replikanto Review – Final Thoughts

Replikanto turns out to be a proficient tool in trading, offering valuable solutions for users of the Ninja trader 8 platform. It streamlines the process of trade duplication, automating the transition of trading activities from a primary account to numerous secondary ones. This feature serves both newcomers trying to mirror expert strategies and seasotraders wishing to diversify their approach.

The platform’s diversity lies in its availability of different replication methods, allowing traders to select the most appropriate style for their needs. Features like network/remote mode, stealth mode, and cross-order capability enhance the versatility and user-friendliness of Replikanto, though it’s worth noting that certain features may necessitate additional expenses.

While compatibility issues with some external applications can crop up, the user support system at Replikanto, including an extensive FAQ section and a dedicated customer service team, is always ready to navigate users through any challenges.

The pricing structure is accommodating, with several plans to fit various budgets, and a trial period is available for those who prefer to explore the product before fully investing.

All in all, Replikanto stands as a potent tool that enhances trading effectiveness and convenience. However, like with any trading tool, understanding the features thoroughly and assessing its compatibility with your trading needs is essential before proceeding with a purchase. Given its robust capabilities, Replikanto is quickly becoming a popular choice within the trading community. If this tool sounds like a solution that could revolutionize your trading process, don’t wait! Take the first step today. Click here to begin!