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User can create virtual account which allows to trade on multiple accounts from single account. There are two basic modes which equal to industry standard (PAMM or Trade Copying Accounts). In our app we use two terms to distinguish different types.

 

Virtual Accounts Overview

Signal Provider and Subscriber Accounts (Trade Copying)

  • Functionality - This mode allows for the copying of trades from a provider's account to subscriber accounts. The trades placed on the provider's account are replicated on the subscriber accounts based on predefined money management rules.
  • Original Balance and Projected Volume - The trade quantity used in the main (provider's) account is projected onto the subscriber accounts in accordance with set money management strategies, ensuring that each subscriber account's trades are scaled appropriately.

 

                                         

 

Merged Account and Subaccounts (PAMM/LAMM)

  • Functionality - In this mode, multiple accounts are merged into a single balance, eliminating the need for a designated main account. Trading is conducted on this combined balance, and the trade volume is distributed among all subaccounts according to preset money management rules.
  • Merged Balance and Divided Volume - The total trade quantity is divided among the subaccounts based on the established money management parameters, allowing for a unified trading strategy across multiple accounts.

 

                                             

 

Account Properties and Customization

Users have the ability to fine-tune the copying rules in the Account Properties section, where adjustments can be made to various aspects including:

  • Instruments: Specify which financial instruments are eligible for trade copying or merging.
  • Stop Loss and Take Profit: Set parameters for stop loss and take profit levels to manage risk and secure profits.
  • Comments: Customize comments that accompany copied or merged trades for clarity and record-keeping.
  • Orders: Define how orders are managed, including execution and cancellation rules.
  • Trading: Adjust trading strategies, including entry and exit rules.
  • Date & Time: Schedule trading activities or specify conditions based on time.

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