Development – “Dynamic Money Management”

[Dom]

The team at Simple Trader have been working very hard in developing a new money management method that not only closely mimics the Signal Providers returns, but also factors in Copiers who are using different account currencies to what the Signal Provider is using.

Please check out the blog on Simple Trader to learn more by clicking here: Simple Trader - Blog

In the coming weeks we are crossing the T's and dotting the I's - so to speak - to ensure that this new method goes live without any issues what-so-ever.

Stay tuned for more updates as we get closer to rolling this update out!

[RogerM]

Hello Dom.

Great analysis of Trade Alerter. Thank you very much.

I've just been looking at the Dynamic Money Management feature in relation to what is currently appearing in the Control Panel at Connect Forex. The discrepancy that has always been there is still unchanged: when a subscriber sets his or her risk according to balance or equity, the algorithm works it out (at 1x) by dividing the subscriber account by the master account and using the result as the multiplier for risk.

The numerator has to be the subscriber account size multiplied by the exchange rate. Only then can it be divided by the balance of the master account.

This should be made clearer to new subscribers since it is still being calculated incorrectly despite the fact that the new system is imminent.