We are pleased to announce our latest release for the FxStat tradebook and FxStat managedbook platform namely “setting per strategy”.
You will now be able to assign different setting parameters when adding a new strategy or change existing strategies using the setting icon next to each strategy.
In addition, we have added further beneficial features including auto minimum capital requirement, stop loss and take profit, slippage management control and stop out and block control each of which can be modified separately. These features will allow you to control your account more effectively.
Min capital requirement
System automatically calculates the minimum capital requirement needed to follow the specific signal provider based on their past performance. The numbers dynamically change depending on the lot size of the signal follower.
Allocate fund (money) from your trading balance
allocate fund from your trading balance and allow traders to only trade on that allocated money.
Available amount
Available (un-allocated) money from traders capital (balance)
The trade follower can set a maximum risk for each provider based on the capital allocated to them. If the signal provider loses the set percentage of capital, all positions following that provider will close and the provider will be blocked from sending any further signals.
Strategy
Signal followers can set maximum open positions or orders they want to receive from signal providers. This allows them to manage their open positions and avoid taking high risks.
Price difference
Slippage management control allows the follower to specify the maximum pip tolerance between their trades and compare them to the opening price from their signal providers.
Risk management
Signal follower can set their stop and limit or leave it blank to follow the stop and limit of the signal provider.
Lot management
Signal follower can follow trades based on a fixed lot or through creating a ratio between allocated money and signal providers balance.
