Execution diversification: the overlooked edge

Most traders treat diversification as “trade multiple instruments”. That is only one dimension. Another dimension is execution diversification: executing the same signals across multiple platforms.

Even if your strategy generates identical entries and exits, real results may differ between platforms because each venue has its own:

  • bid/ask spread,
  • liquidity depth,
  • order matching engine behavior,
  • API response time and execution latency.

This is why the same TradingView alert can fill differently on a prop platform, a CFD broker, and a crypto exchange.

Why cloning trades across platforms can improve results

When you clone execution, you are not changing your strategy logic. You are changing the execution venue. This can be beneficial when:

  • spreads vary significantly across venues,
  • liquidity differs and affects slippage,
  • execution speed differs due to different APIs and infrastructure,
  • you want to avoid reliance on a single platform.

Example: a strategy intended for a prop account might execute with wider spreads, while the same signals on a crypto exchange can sometimes fill closer to the intended price. This does not guarantee “better” performance, but it provides a parallel execution path that often behaves differently under the same market conditions.

How AlgoWay Trade Copier works

AlgoWay provides a simple dashboard workflow to clone TradingView alerts to multiple platforms.

Algoway tradecopier

Core concept

You create multiple AlgoWay webhooks (up to 3):

  • 1 main webhook (the primary destination),
  • up to 2 additional webhooks enabled in Clone Mode.

The only requirement is that one webhook is paid as the main. The other two can be paid or expired — it does not matter for cloning as long as they are enabled in Clone Mode.

What happens on every alert

When TradingView triggers an alert, AlgoWay:

  1. receives the alert on the main webhook,
  2. executes it on the main platform,
  3. duplicates the same alert to the Clone Mode webhooks,
  4. executes the same action on the additional platforms.

From your side, it is still one TradingView alert. AlgoWay handles the multi-platform distribution automatically.

Example: one TradingView alert → TradeLocker + Bybit

Let’s say your TradingView alert is designed for a prop firm workflow on TradeLocker.

With cloning enabled, you can execute the same signal on a crypto exchange at the same time.

Setup:

  • Main webhook → TradeLocker
  • Clone webhook → Bybit

Result:

  • one TradingView alert triggers execution on TradeLocker,
  • the same alert is cloned to Bybit and executed there as well.

This is practical when you want to:

  • trade to pass a prop challenge,
  • run the same strategy on a personal account at the same time,
  • compare fills and performance across venues under identical market conditions.

Why different venues behave differently

Two key reasons explain why cloned execution can produce different results:

1) API latency and execution response time

Each platform has its own API speed and order confirmation behavior. The same “market” instruction can be acknowledged and filled at different times.

2) Liquidity and spread conditions

Liquidity providers, depth, and matching mechanics vary by venue. This affects:

  • the effective spread you pay,
  • how quickly you get filled,
  • slippage under volatility.

Enable Clone Mode in the AlgoWay dashboard

Clone Mode is enabled directly in your AlgoWay dashboard.

After you create webhooks for your platforms, you simply toggle Clone Mode for up to two additional webhooks. From that point, the cloning runs automatically.

If you want to explore Clone Mode, open your dashboard and go to:

Dashboard → Your Webhooks → Clone Mode

Platforms you can clone across

AlgoWay supports more than 20 platforms across CFD brokers, prop platforms, crypto exchanges, and futures venues. Examples include:

  • TradeLocker, MatchTrader, DxTrade, cTrader
  • MetaTrader 5
  • Bybit, Binance, OKX, BitMEX, KuCoin, Hyperliquid
  • Tradovate

The full platform list is available on algoway.trade.

Conclusion

Execution diversification is a practical way to reduce dependency on a single venue and to benefit from different spreads, liquidity, and execution behavior.

AlgoWay Trade Copier makes it simple: create up to three webhooks, set one as main, enable Clone Mode for the other two, and execute the same TradingView alerts across multiple platforms automatically.