How to Use Tradovate for Prop Firm Challenges | Beginner’s Guide 2025
Learn how to use Tradovate for futures prop trading evaluation accounts. Step-by-step beginner’s guide to setup, trading, and trade copier with the best prop trading evaluation discount.
Introduction: Why Tradovate is Essential for Prop Traders
For futures day traders, especially those working through prop trading firm evaluations, getting comfortable with a reliable trading platform is critical. Tradovate has quickly become one of the most popular platforms for prop firm challenges because of its clean design, copy trading capabilities, and compatibility with leading firms.
Whether a trader is just starting with a cheap futures prop firm evaluation or scaling to multiple funded accounts, mastering Tradovate is a must. This guide breaks down every step—from logging in and customizing charts to using the trade copier—so traders can confidently trade evaluations and funded accounts.
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Setting Up Tradovate for a Prop Trading Evaluation
Logging Into an Evaluation Account
- Once logged in, traders will see account balance and evaluation details.
- Multiple accounts can be managed at once—perfect for traders running more than one evaluation.
- Each account can be grouped with Tradovate’s trade copier, allowing trades to be executed across several accounts at the same time.
This feature is especially useful for traders in cheap futures prop firm evaluations who want to maximize efficiency.
Placing Trades: Buy, Sell, and Contract Management
- Buy Market and Sell Market buttons execute trades instantly.
- The contract quantity must reflect the total across all accounts when copy trading.
- The Exit All button closes every position in every account instantly—critical for fast-paced day trading.
Pro Tip: When copy trading, always double-check contract sizing to avoid under- or over-leveraging across accounts.
Customizing Charts for Day Trading Success
Switching from Bars to Candlesticks
- By default, charts may open as bar charts. Switch to candlesticks for clearer visualization.
- Outdated contract months cause gaps in the chart, so always select current contract codes (e.g., ES, NQ, MES, MNQ).
Personalizing Chart Appearance
- Grid lines can be toggled on or off.
- Candlestick colors can be customized using hex codes.
- Orders, entries, and stop losses can be displayed directly on the chart for better trade tracking.
Adding Indicators and Technical Tools
Tradovate allows traders to load standard indicators like moving averages (SMA, EMA, etc.). Settings such as length and color can be customized.
For charting tools, traders can draw support/resistance levels, Fibonacci retracements, or highlight zones with rectangles.
Note: Many prop traders prefer to keep charts simple—candlesticks plus one or two indicators—for maximum clarity during prop firm evaluations.
Managing Risk: Stop Losses and Trade Execution
- Stop losses are placed manually (e.g., sell → buy stop, buy → sell stop).
- ATM strategies (automatic stop-loss/take-profit presets) are not compatible with copy trading in Tradovate.
- Traders must manually define stops for risk control.
This manual process may feel unusual at first, but most traders adapt quickly and find it reliable once they practice.
Using the Trade Copier for Multiple Prop Accounts
The trade copier is one of Tradovate’s most powerful features for traders running multiple accounts.
How It Works:
- Go to Manage Groups in the account panel.
- Drag accounts into a group (e.g., 5 accounts into “Group A”).
- Create multiple groups to split accounts however you like (e.g., 3 accounts in one group, 2 in another).
- All trades placed under that group will mirror across the selected accounts.
This is a huge advantage for traders scaling across several funded accounts with the best prop trading firms for beginners.
Tracking Performance with Built-In Analytics
Tradovate provides performance tools that allow traders to:
- Track daily profit/loss.
- Analyze trades per account.
- Review historical performance data.
This is especially useful for traders in evaluations, where hitting consistency and profit targets is just as important as avoiding drawdowns.
Why Tradovate is Perfect for Prop Firm Challenges
- Simple UI: Easy for beginners, fast for pros.
- Trade Copier: Ideal for managing multiple prop accounts.
- Full Customization: Charts, indicators, and risk settings tailored to personal trading styles.
- Performance Analytics: Helps track evaluation progress and refine strategies.
For anyone starting with cheap futures prop firm evaluations, Tradovate offers everything needed to trade confidently.
Final Thoughts: Get Started with Confidence
Learning Tradovate takes time, but within a few weeks, most traders find it intuitive and reliable. For those entering the world of prop trading, especially beginners, this platform offers all the tools needed to pass prop firm evaluations and manage multiple funded accounts effectively.
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