MMC (Money Management Correlation) is an indicator under “Portfolio” which shows conformity of your copying settings for a specific trading strategy to Money Management rules defined by a strategy provider.
Simply said, MMC gives you the percentage of risk you are taking based on the settings and lot size you set. Any value more than 100% is putting the account at risk which could cause a forced closing of position or a stop out.
There are two ways to reduce the percentage risk in MMC:
- Reduce the lot size traded under the settings
- Fund the trading account
All in all, we should adjust the MMC percentage such that all your strategy providers’ accounts sum up to 100%. For example: Followers following providers 1, 2 and 3 MMC should be 33.3% each to make up 100%.
Fullerton Markets Research Team
Your Committed Trading Partner