Copy trading
Miembro desde May 15, 2024
posts 29
Aug 27, 2024 at 17:38
Good day all, if i may intervene here - our setup uses PAMM accounts for our clients and they are very happy with the setup. I find it easier to manage the lot size of the EA rather than having to setup different positions for each client through copy trading. that's a personal opinion and from my experience, i prefer PAMM setup
Let the pros do the work for you!
Miembro desde Aug 13, 2024
posts 34
Aug 28, 2024 at 06:35
DayTrading_ posted:
Good day all, if i may intervene here - our setup uses PAMM accounts for our clients and they are very happy with the setup. I find it easier to manage the lot size of the EA rather than having to setup different positions for each client through copy trading. that's a personal opinion and from my experience, i prefer PAMM setup
Good point! PAMM accounts definitely make managing multiple clients more streamlined. It’s a solid choice if you want to keep things simple and efficient. How do you find the performance consistency with PAMM compared to copy trading?
Miembro desde May 15, 2024
posts 29
Aug 28, 2024 at 06:43
winstartoday69 posted:DayTrading_ posted:
Good day all, if i may intervene here - our setup uses PAMM accounts for our clients and they are very happy with the setup. I find it easier to manage the lot size of the EA rather than having to setup different positions for each client through copy trading. that's a personal opinion and from my experience, i prefer PAMM setup
Good point! PAMM accounts definitely make managing multiple clients more streamlined. It’s a solid choice if you want to keep things simple and efficient. How do you find the performance consistency with PAMM compared to copy trading?
To be honest we have found difficulties in managing copy trading accounts due to the setup of our EA. unfortunately our EA doesn’t work via equity based. Meaning that if a client has $1,000 and opens 0.01 lot size and another client with $10,000 needs to open 10x bigger I.e. 0.10 lots. The bigger account will be overleveraged for sure. So we recommend to our clients to enter our PAMM setup which is much easier to manage in terms of lot size to equity size.
Thank you and kind regards
Let the pros do the work for you!
Miembro desde Sep 02, 2024
posts 9
Sep 02, 2024 at 16:49
johnbgoode posted:
If someone is copy trading from me can they create a system which automatically enters trades for them, not manually?
Can they also alter the lot size to suit their account size?
There are plenty of copy traders / trade copiers in the market now.
Live to trade another day
Miembro desde Aug 13, 2024
posts 34
Sep 17, 2024 at 09:22
DayTrading_ posted:winstartoday69 posted:DayTrading_ posted:
Good day all, if i may intervene here - our setup uses PAMM accounts for our clients and they are very happy with the setup. I find it easier to manage the lot size of the EA rather than having to setup different positions for each client through copy trading. that's a personal opinion and from my experience, i prefer PAMM setup
Good point! PAMM accounts definitely make managing multiple clients more streamlined. It’s a solid choice if you want to keep things simple and efficient. How do you find the performance consistency with PAMM compared to copy trading?
To be honest we have found difficulties in managing copy trading accounts due to the setup of our EA. unfortunately our EA doesn’t work via equity based. Meaning that if a client has $1,000 and opens 0.01 lot size and another client with $10,000 needs to open 10x bigger I.e. 0.10 lots. The bigger account will be overleveraged for sure. So we recommend to our clients to enter our PAMM setup which is much easier to manage in terms of lot size to equity size.
Thank you and kind regards
Got it, that makes sense. Sounds like the PAMM setup solves the lot size issue pretty well, especially with the equity-based challenge you're facing in copy trading. It’s definitely easier to keep things balanced without worrying about overleveraging. Do you think you'd ever tweak the EA to work better with copy trading, or are you sticking to PAMM for the long haul?
Miembro desde May 15, 2024
posts 29
Sep 17, 2024 at 09:41
We are more than willing to open ourselves through copy trading, which we have setup already through MQL5. The importance though of equity to copy amount is of paramount importance and the investor must be aware that the risk ratio is not the same when following. Thank you!
Let the pros do the work for you!
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