Now Money Managers are welcome to MetaTrader5.
Many Money Managers may have been asking the same question to MT5 Forex Brokers if PAMM/MAM Module is available for MetaTrader5.
It finally is available on MetaTrader5.
Following the growth and a number of updates made by MetaQuotes on MetaTrader5 such as new trading options, tools and languages, MetaQuotes has finally succeeded to add PAMM/MAM module on the trading platform.
The integrated PAMM/MAM service on MT5 is provided from “Plugit Apps”, a Business Solution Provider and by adding the special server-side plugin to MT5, MT5 brokers are now able to offer services to Money Managers.
PAMM/MAM Solution by “Plugit Apps”
The Plugin developed by “Plugit Apps” simply optimizes the interaction between “Money Managers” and “Traders” on MT5, enabling a Master Account to place a large block trades across an unlimited number of investor accounts using a variety of strategies and different allocations types.
The plugin supports the following types of money management:
Equity Lot Ratio (MAM)
Equity Cash Ratio (PAMM)
The PLG MAMM application is also equipped with a powerful reporting tool allowing managers to manage their client list in addition to evaluating their performance through advanced statistical reports and charts.
The plugin of PAMM/MAM module cannot be used unless your MT5 Forex broker adds that tool on their trading platform though, along with the growing number of MT5 Forex brokers the options for Money Managers should be expected to grow.