At the beginning you have to provide to us Master account, and indicate two groups.

One for slave account and one for detach. Both groups have to be Bbook.

  • Slave group is for accounts that copy transactions from master account.
  • Detach group is for slave account that are to stop copying trades or the funds on slave account will be 0.

These two groups have to be empty.

Below you can find instruction about attaching, detaching slaves and incentive calculation.

Attaching. Transferring slave from one master to another #

UMAM plug-in allows to attach slaves by 2 ways:

  • Automatic attaching

To attach slave to a master account 9000, move his investor account to a respective umam_9000 group.

  • Manual attaching

If you don’t want to create individual groups, create and put all slave accounts into umam_slaves group. In this way attaching will occur by writing a comment in the Slave comment field with specifying Master Login there.

Detaching #

Detaching has a place to be, when Investor wants to stop using money management service.

Detach Group – is a group, which collects all detached slaves. By default umam_detached group. There are several options for detaching.

Please Note: Detach to non-existing group is impossible (server will be hanged on restart in case of detach to non-existing group).

You can create currency-specific groups for detached accounts, such as umam_dtch_EUR, umam_dtch_USD, and also master-account-specific groups, such as umam_d9000 or umam_d4001325, but in any cases umam_detached group must exist.

Several ways of Detaching #

Manually #

a) In plug-in`s settings in “DetachInvestorNow” value you can insert login/logins of slaves that must be detached from Masters.

DetachInvestorNow=123456

Then:

  • order`s on slave will be closed by current price;
  • master`s balance will decrease on the amount of slave`s balance;
  • master`s trade will be partially closed;
  • slave will be transffered in umam_detached group.

b) In slave`s “Comment” field.

If you don’t have administrator access to the server, you can detach an account by adding a special uppercase keyword “DTCH” in the comment field of slave account, and save the change.

Comment:M:9000;DTCH

Then:

  • order`s on slave will be closed by current price;
  • master`s balance will decrease on the amount of slave`s balance;
  • master`s trade will be partially closed;
  • slave will be transffered in umam_detached group.

Automatically #

a) By TP/SL level

In “Comment” field of each slave it is possible to set Take Profit/Stop Loss levels and when slave`s equity reaches this level – his order will be closed and he will be automatically detached.

Comment:M25061;SL:500;TP:1499

PLEASE NOTE: SL/TP levels can be configured individiaully for every slave account if needed.

b) By “DefaultSL” parameter

If slave hasn`t set his own Stop Level, then he will be automatically detached when his equity reaches (-0,01) level, which is set in umam`s settings by default.

PLEASE NOTE: Stop Level is set by default for all accounts participating in Money Management service. Nevertheless, this value can be configured by Broker prefrences.

Incentive Calculation #

Incentive is a share from profits that money manager makes from tradings.

Incentive is withdrawn from slave accounts and transferred to a respective master’s “incentive account”.

Incentive is charged out:

  • when slave detaches off;
  • when slave makes withdrawal.

Incentive is calculated for:

  • all masters;
  • specific masters (group of masters);
  • specific master;
  • specific slave.

Parameters: I and IA #

Incentive percentage is specified with an I (Incentive) parameter, incentive account (login) is for by IA parameter. Every master has his own IA and I (in %) parameters.

Every time a manager runs incentive recalculation, incentive will be deposited to the configured account (being a percentage from profits earned by this master).

The parameters are written in Comment field of an account:

Comment: I:30.00;IA:1007

Recalculation #

To calculate money managers’ incentive, a manager should put 1 into RecalculateIncentiveNow field of plugin configuration (don’t forget to press ENTER after you put it there as MT4 won’t accept it if you don’t) and press ‘OK’.

RecalculateIncentiveNow = 1

1. If you want to recalculate incentive for a specific master accounts, you can input their ID (or a comma-separated list of IDs) into the RecalculateIncentiveNow field.

RecalculateIncentiveNow =9000,9100,4002351

In the previous example above all slaves under masters 9000, 9100 and 4002351 will undergo incentive recalculation.

2. If you don’t have administrator access to the server, you can always trigger incentive recalculation by adding a special uppercase keyword “CALC” to a comment of master or slave account, and save the change.

Comment:I:10.00;IA:8000;CALC

IA, IA2, IA3 calculation #

Each master can have up to 3 incentive accounts (IA, IA2,IA3). Incentive can be included in any group, thus Incentive Account can be Slave account as well.

There are 3 options for setting IA, IA2 and IA3 parameters:

1. In the “Comment” field of Master account:

Example #1

Comment:I:10.00;IA:1000;I2:20.00;IA2:2000;I3:30.00;IA3:3000

  • Thus, 10% of profit made by master will be trasferred on Incentive Account #1000;
  • 20% will be sent on Incentive Account #2000;
  • 30% will be sent on Incentive Account #3000.

Example #2

On master #2222, Comment: I:20;IA:1234;

what means Rebates=20% of master`s profits will be sent Incentive Account #1234 for Master`s trading (#2222)

2. In the “Comment” field of Slaves accounts:

On slave, Comment:M:2222; I:15;IA:3333;

what means Rebates=15% of Slave`s profits will be sent Incentive Account #3333 for Master`s trading (#2222)

On slave 2, M:2222;IA:4444;I:10;

what means Rebates=10% of Slave2`s profits will be trasferred on Incentive Account #4444 for Master`s trading (#2222)

3. In the “Comment” field of Slave`s account:

On slave, M:2222; I:15.00;IA:3333;I2:20.00;IA2:1234;

what means Slave is attached to Master #2222 and for Master`s trading Incentive equals to 15% of Slave`s profits will be calculated for Incentive Account #3333.

Second Incentive equals to 20% of Slave`s profits will be transferred to Incentive Account #1234.

Match-Trade Technologies is a global company with offices all around the world

0
Years in the Forex Industry
0
Languages We Speak
0
Offices in USA, Europe and Asia
0
Highly skilled experts working with us