For traders in India, Dhan has emerged as one of the most technologically advanced and developer-friendly brokers. With its open Dhan HQ API and TradingView integration, it is a preferred broker for options traders. However, managing multiple client or family accounts on Dhan simultaneously is highly challenging without automation. This is where Dhan Copy Trading comes into play.
Why Choose Dhan for Multi-Account Copy Trading?
Unlike legacy brokers, Dhan provides high-speed execution terminals and stable APIs. Connecting Dhan to a trade copier offers major technical advantages:
- No API Cost: Dhan provides official developer access for free, meaning you don't pay monthly API fees to connect child accounts.
- Options Trading Features: You can mirror complex option strategies (straddles, strangles, multi-leg spreads) seamlessly.
- Sub-Second Execution: Trade mirroring via official API triggers orders in under 100 milliseconds, minimizing slippages.
Step-by-Step Guide: How to Setup Copy Trading on Dhan
To copy trades across multiple Dhan accounts legally and securely, follow this standard integration process:
Step 1: Obtain your Dhan Client ID and Access Token
To establish a connection, each connected account must generate its own API token:
- Log in to the official Dhan API Portal (web.dhan.co or api.dhan.co).
- Navigate to the "DhanHQ API" section under your Profile settings.
- Create a new Access Token. Copy this securely (do not share it with third parties).
Step 2: Connect Master and Child Accounts in TeleTrade
In the TeleTrade platform:
- Navigate to "Add Broker" and select Dhan.
- Select the account type: Master (the account you trade in) or Child (the accounts that copy).
- Paste the Dhan Client ID and Access Token. Set up quantity multipliers (e.g. 2x multiplier for a larger child account, or 0.5x for a smaller one).
Step 3: Daily Authentication for Safety
In accordance with compliance standards, you will perform a single-click manual session renewal every morning before the market opens (9:00 AM IST) to generate fresh active sessions. This keeps the automation fully authorized under your control.
Important Copy Trading Risk Controls on Dhan
When executing options copies across multiple accounts, risk management is critical. TeleTrade handles these parameters automatically:
- Automated Order Sizing: Automatically scales the order quantity based on the margin available in each individual child account.
- Slippage Limits: If the price moves too rapidly during high-momentum option spikes, orders are filled as limit orders to avoid bad execution prices.
- Simultaneous Cancellation: If you exit a basket or target order on the Master account, the system instantly cancels the corresponding open orders in all slave accounts.