Do not invest more money than you can afford to lose.
Cypriot forex software solutions provider Plugit Apps has released PLG MAMM, a multi-asset management (MAM) plugin for institutional clients of the MetaTrader 5 (MT5) trading platform, the developer of the platform, Russia’s MetaQuotes. said on Thursday.
The plugin supported several types of asset management – Equity Lot Ratio (MAM), Equity Cash Ratio (PAMM) and Equal Volume.
The new product is integrated with the MT5 and is a special server-side plugin manageable from an external web interface . It can be used by brokers and professional traders. PLG MAMM simplifies and optimizes the interaction between a money manager (Master) and an investor trading in the MT5 and enables users to place simultaneously multiple trades from a Master Account across an unlimited number of investor accounts using a variety of strategies and different allocations types.
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.
“Our MAMM solution allows MetaTrader 5 brokers to leverage their platform and serve Money Managers in addition to retail clients,” said Jalal Faour, CEO of Plugit Apps. “Driven by the increased adoption of MetaTrader 5 among leading brokers, Plugit realized that time had come to invest heavily on MetaTrader 5 solutions to meet the surging demand for such products,” he added.
Some PLG MAMM’s advantages include:
- MT4/MT5 Compatibility
- Configuration Management Interface for Brokers
- Automatic result distribution
- Money Management of one or more trading accounts
- User friendly performance and analytics information system for Money Managers in digital and graphic form
- Multiple allocation Methods
- Management and performance fees
- MAMM account can be open in any currency
- Unlimited MAMM accounts
- Add/or remove funds and accounts without interrupting trading activity
- Auto statements to Slave Accounts
- Advance performance statistics and trade analysis
- API available
PLG MAMM stands for Multi-Asset Management Module. It is one of many solutions developed for the MetaTrader platforms (mainly the MT4) by Plugit Apps. The MT4 Handy Manager is its core product. Following are more forex solutions available from Plugit Apps:
MT5, aside the MT4, is the most widely-used trading platforms for forex, contracts for difference (CFDs), options, futures, and equities trading instruments. It uses MQL5 programming language and grants access to several financial markets and stock exchanges through a single trading account. The platform allows automated trading, using Expert Advisors (EAs) and is available for desktop and mobile devices and via the web.
MT5 features advanced charting package, trading and analysis tools, alerts, signals, and customizable indicators. It allows four types of order execution – Instant, Request, Market and Exchange. Recently its developer added hedging to the MT5 desktop and mobile platforms.
Among the forex brokers that have MT5 in their offering are WhoTrades, Exness, FXTM, IC Markets, RoboForex, Windsor Brokers, Admiral Markets, and etc.
