Using MT5 MAM (Multi Account Manager)

Using MT5 MAM (Multi Account Manager)

1. Overview
Fullerton Markets MAM5 supports 4 allocation methods.

  • Lot Allocation
  • Percent Allocation
  • Proportional by Balance Allocation
  • Proportional by Equity Allocation

 

2. Authorisation
Download the MAM5 at
http://static.fullertonmarkets.com.s3-ap-southeast-1.amazonaws.com/download/MT5%20mam/MAM5AdminSetup.exe

After the MAM5 is installed, you need to enter the credentials to connect to the server. To add a new connection, click the "Add server" option on the top left-hand corner of MAM5.


You may fill in the server information with the credentials sent to your registered email.

Address: net.tcp://mam5.churitsu.org:8735/MAMCCService/

Click the "Create" button and you should connect to our MT5 MAM Sever.  The status at the bottom of the MAM5 should display "Connected".


After you have successfully connected to our server, you are required to select an Allocation Method for your master account and activate the sub-accounts.


When the sub-account Active property is ticked, the sub-account's balance is added to the master account. Any trades opened on the master account are then allocated to the Active sub-accounts.


After you have completed the instructions above, trading can be performed on the master account through the MT5 Client Terminal or via MAM5.

 

3. "Accounts" tab
The "Accounts" tab of the MAM5 contains information about the managed accounts (sub-accounts) and MAM allocation parameters. The sub-accounts table contains all available sub-accounts, their properties and parameters.

The following parameters of the sub-accounts can be changed in the table:
Active - this parameter is used to activate the sub-accounts for trading. The MAM5 allocates trades from the master account to the Active sub-accounts only. The Active property of the sub-account applies to opening trades only. This parameter is ignored when closing trades because the MAM5 already knows which sub-accounts to allocate the trade to. The number of Active sub-accounts can be changed while trades are opened in the master account.

Lot - this parameter is used by the “Lot Allocation” and "Lot Multiplier Allocation" methods. This parameter defines the number of lots to allocate to the sub-account.

Percent - this parameter is used by the "Percent Allocation" and "Equity Percent Allocation" methods. This parameter defines the percentage of the master trade volume (or P/L) to be allocated to the sub-account.

Stopout Level - this parameter is used to set the Stop Out levels of each sub-account. If this parameter is not set, the Stop Out parameter from the MT5 group settings will be applied.

The Summary tab shows the essential parameters for the allocation.


Sum Lot – the sum of Lot parameters for the active sub-accounts.
Sum Percent – the sum of percent parameters for the active sub-accounts (this value should be 100%).
Currency – the deposit currency of the master account.
Accounts – the total number of sub-accounts (both active and inactive).
Active – the total number of active sub-accounts.
Active Balance – the current balance of the master account (equal to the sum of balances of active sub-accounts).
Active Equity – the current equity of the master account.
Active Margin – the current margin used in the master account.

 

4. "Allocation Method" panel
MAM5 can allocate the trades to individual sub-accounts by lots, percentages or proportional allocation to suit the overall structure of the trading or fund management style. Alongside the allocation methods are the allocation parameters for quick and efficient implementation.

4.1 Lot Allocation
This allocation method is used to divide the volume of the master trade to the sub-accounts according to the set Lot parameter of the sub-accounts. Lot Allocation allows trading with variable lot sizes on the master account.

⚠️When using the Lot Allocation, make sure to set the Lot parameter of at least one of the active sub-accounts greater than zero. 

The general formula of the Lot Allocation method is:


For example, consider there are two active sub-accounts with Lot parameters set as 2 and 3 respectively.


If the master account trades 10 lots then the volume of the sub-orders is calculated as follows:
The volume of the first sub-account is 2/5 *10 = 4 lots
The volume of the second sub-account is 3/5 *10 = 6 lots


4.2 Percentage Allocation
This allocation method is used to divide the volume of the master trade to the sub-accounts according to the set Percent (%) parameter of the sub-accounts.

⚠️When using the Percent Allocation, the sum of Percent (%) parameter of all the active sub-accounts must be 100%.

The general formula of the Percent Allocation method is:


For example, consider there are two active sub-accounts with Percent parameters set as 30% and 70% respectively.


If the master account trades 10 lots then the volume of the sub-orders is calculated as follows:
The volume of the first sub-account is 30%/100% *10 = 3 lots
The volume of the second sub-account is 70%/100% *10 = 7 lots


4.3 Proportional by Balance Allocation
This allocation method is used to divide the volume of the master trade according to the balances of the sub-accounts. This method doesn’t require additional settings. The fraction of the master trade volume is calculated automatically.

The general formula of the Proportional by Balance Allocation method is:


For example, consider there are two active sub-accounts with balances of 10,000 and 6,000 respectively.


If the master account trades 10 lots then the volume of the sub-orders is calculated as follows:
The volume of the first sub-account is 6,000/16,000 *10 = 3.75 lots
The volume of the second sub-account is 10,000/16,000 *10 = 6.25 lots
The volume of the sub-accounts is rounded according to the lot step. If the lot step is 0.1 lots then the sub-accounts will be allocated 6.3 and 3.7 lots respectively.


4.4 Proportional by Equity Allocation
This allocation method is similar to the Proportional by Balance. The difference is that Equity is used instead of Balance. This method doesn’t require additional settings. The fraction of the master trade volume is calculated automatically.

The general formula of the Proportional by Equity Allocation method is:

 

5. "Allocations" tab
This tab displays the master orders and the sub-orders. When the master order is selected, the list of sub-orders will be shown.


 

6. "Sub Orders" tab
The "Sub Orders" tab is used to track all the sub-orders. Sometimes there can be unallocated trades in the sub-accounts (for example, the sub-accounts are traded separately from the master account). This screen shows all the trades in the sub-accounts regardless of their allocation status. The sub-orders table allows a flexible visualisation mechanism using column grouping. Grouping can be made by any column. The default grouping is by master order. When expanding the grouped row, the sub-orders will be shown for a particular master order. To group by another column, simply drag and drop the column header to the top panel.