MT4 MAM is a modern software for the complex management of other people’s assets. The abbreviation stands for multi-account manager MT4. This software is suitable for IB, for hedge fund managers, or for a person who is delegated to manage client funds.
It should be noted that MAM allows you to work with a large group of traders using only one platform. MM (money manager) can perform actions and see the result on a single dashboard. In addition, you can use the program for your own purposes if you need to open multiple accounts to implement a complex trading strategy.
Of course, MAM saves the history, and you can view past transactions using the data for detailed analysis. There is also the possibility of concluding group deals. In some cases, it is very convenient when working with a large audience. To use MAM, you need to choose the right broker.
For instance, AvaTrade is an excellent choice. The company is licensed and has a good reputation in the market. If you decide to join AvaTrade, you can take advantage of the following unique offers:
- advanced platforms;
- availability of all necessary tools;
- training at AvaAcademy;
- profitable affiliate programs on AvaPartner;
- possibility of using MAM.
As is already clear, individuals or investment companies can use MAM to manage multiple trading accounts. At the same time, you can make massive transactions with the click of a button. You can launch the MetaTrader 4 platform and connect MAM. The process goes as follows: the MAM software transmits data to the MT4 server, where the data is processed and sorted.
As a result, MMs can use block orders (these are orders that affect hundreds or even thousands of accounts); at the same time, MMs can count on no delay (with sufficient internet speed). The manager can allocate customer accounts, sorting them by balance, capital, and other parameters.
It is convenient for the manager to monitor the performance of the process, estimate profits, and adjust the accrual and distribution of commissions, which are carried out automatically. Interestingly, you can manage sub-accounts at the same time while trading on your own. You can set up secondary tasks so that they are completed automatically without distracting you from the main tasks.
Features and Benefits of MAM
Let’s take a closer look at the advantages of MAM. The first benefit is the availability of synchronized access to multiple accounts on MT4. The manager can place as many orders as they want; there are no restrictions here.
You can place block orders from your main account. The control is performed in real time or in the background if you are absent. You can use automated strategies for working on MT4; for this, you can use expert Advisors (EAs). If you have programming skills, you can customize robots to your needs; you can also order this service.
Collective Strategy
It should be remembered that the choice of a collective trading strategy largely depends on the composition of the group, so you ought to adapt to your clients and choose the best option for them. Of course, you need to notify your clients about the results in time, consult them, and discuss some important issues.
It is worth increasing commissions only when profits grow; in this case, you will not lose customers. In some situations, it is advisable to create several subgroups and use different trading tactics for each of them. We remind you that you can work with client allocations starting from 0.01 lots.
Using Any Orders
You can use a full range of orders, among which the most famous are: limits, stops, trailing stops, “close all,” and others. When working, you can quickly find the contact details of a client or group and quickly get in touch with the right people and organizations. This allows you to establish quick communication.
Distribution flexibility is one of the distinguishing features of MT4 on AvaTrade. It is important to note that the mentioned broker provides managers (MM) with the fastest MT4 servers, while switching to the nearest server occurs automatically, although you can configure this manually.
Additional Advantages of MAM
It’s convenient that you can open as many accounts as you want; there’s also no limit on the deposit amount. If you use EA and scripts, you can achieve high performance and work with hundreds of clients simultaneously.
If clients contact you, you can provide them with reports on all transactions without delay, proving that you are working honestly. You can monitor the mass execution of orders using PL, while the mass distribution of orders will be carried out using STP (straight through processing).
STP is a system that sends execution orders directly. AvaTrade broker advises you to try MAM on the MT4 platform; if you have any questions, you can ask the consultants on the official website.
