Wednesday, June 8, 2022

Copytrade Mode Updates From MFM Securities

We decided to change our copytrade mode to High-Water Mark mode replacing the existing mode (All Profit).

High-Water Mark mode (or HWM) takes into account previous Trading results of a subscription. With this mode, a Trading result generates a Performance fee only if the Trading results of all the previous intervals in total cover the total loss of the subscription, and if its profit goes over the highest profit ever reached (the High-Water Mark).

When it is reached, and the subscription profits, even more, the High-Water Mark is updated and set to a new, higher, level.
The performance fee is paid only for positive Trading results above the High-Water Mark level. Therefore, providers will get paid for their service only if their trades constantly make a profit for their followers.