Solutions
Multi-Account Manager Plugin
The Multi-Account Manager plug-in was created for companies to build money-management programs.
The MAM plug-in from Boston Technologies allows one (or more) "Master" (parent) accounts to control any number of "Sub" (child) accounts with manual or Algorithmic Trading. It is based on “post execution” which guarantees the same execution price to all clients.
Multi-Account Manager Logic
The Multi-Account Manager plug-in was designed for volume distribution amongst sub-accounts that are set to auto execution.
Boston Technologies' Multi-Account Manager plug-in is a Percent Allocation Management Module (PLAMM). Any order placed in Master Account allocated to designated sub-accounts on proportional (%) basic.
For example, we have one Master Account and 3 Sub Accounts with $2,500, $6,500, $1,000.
Master account total balance will be $10,000.
After Master Account bought 1 lot of EURUSD
Sub- account 1 can see executed order buy for the 0.37 lot
Sub-account 2 - 0.48 lots
Sub Account 3 - 0.15 lots.
Our Multi-Account Manager plug-in monitors trading activity on the MT4 server. After a trade is successfully opened in the Master Account, the plug-in creates trades on each of Sub Accounts at the exact same price.
Master Account |
Sub Accounts |
| Master Account was created in order to manage/ monitor Sub Accounts | Sub Accounts are separate accounts that are managed by the Master Account |
Functions |
|
| Master Account has the same exact functions as a regular LIVE account, except ability to deposit/withdraw funds | Sub Accounts can see Executed Buy and Sell Orders. Their functions are limited to “View Only” |
| Buy/Sell, Stop Loss, Take Profit, Pending orders, Trailing Orders, Expert Advisors functionality | Sub Accounts don’t have access to the Expert Advisors, Pending Orders or reports (Money Manager should provide reports by request) |
Technical Information
- Post trade execution (means equal pricing policy)
- Percent allocation method
- The smallest trade allowed is 0.01 lots (can only allocate to one account by the largest % holder)
- High Level of Security (sub accounts don’t have access to the Pending orders or Expert Advisors)
- MAM is integrated into MT4
- Sub accounts can be managed manually or by using Expert Advisors
- MAM plug-in supports all standard mark- ups/commission settings in MT4 (on the group and account level)
- Plug-in will Restrict partial close
- The plug-in can restrict deposit or withdraw money to Sub Accounts while they have open trades (to prevent potential drop in balance of the master which could cause a stop out)
Features
Unlimited Masters and Sub-accounts
Percent Allocation Method
Post Execution Pricing Policy
Expert Advisors Compatible
Ability to close sub accounts with open trades using MAM Tool. This separation calculated automatically based on the proportional value
Why my brokerage or my bank will need MAM plug-in?
- Increases trading volume
- Gives extra revenue from markup fees
- Access to the one of the most popular trends in the FOREX industry
- More products offering to the client
Conclusion
The Multi-Account Manager plug-in is a very useful tool for brokers; professional traders and money managers who run multiply Metatrader 4 accounts simultaneously.
Boston Technologies here to help you accomplish what you want to do, the way you want to do it - for a reasonable fee we can modify this plug-in as needed.
