Rollover of PAMM accounts is a daily (except Saturday and Sunday) procedure, during which the following actions are performed:

  • The trading result is updated and becomes available for viewing in the rating table of PAMM accounts.
  • Calculation and payment of commissions to the Provider to his Client account.
  • Execution of applications for the appointment or withdrawal of funds.
  • Calculation of the shares of the Subscriber (s) and the Provider.

During Rollover, all currently open positions are reopened. Thus, the Subscribers’ trading reports will reflect the record of the Provider closing current positions at the last price before the Rollover and the record of opening the same positions at the same price after the Rollover. However, there is no reopening of the account in the PAMM trading platform.

How does FXOpen’s PAMM Copy Trading Service work?

The Provider can set any Rollover time for his PAMM account.

The Freeze Time is the period of time before the Rollover. If the order for execution of transactions from the Subscriber is accepted during this period, it will be executed on the Next Rollover. If an application (for assignment or withdrawal of funds, etc.) is submitted before the Freeze Time period, it will be processed in the Current Rollover.

The current Rollover is Rollover, which should come at the end of the current trading session.

The next Rollover is Rollover, which should come at the end of the next trading session.

The Provider and the Subscriber must take into account the risks associated with changes in the shares of the PAMM account participants.

If the Provider uses an intraday trading strategy (all trades are opened and closed within the same Rollover), trades are copied proportionally in accordance with the participants’ shares in the PAMM account. If the Provider owns 50% of the PAMM Account Balance, the Subscriber also owns 50% and the Provider opens / closes a position with a volume of 1 lot, then:

A 0.5 lot trade was opened / closed on the Follower’s account:

And a 0.5 lot deal was opened / closed on the Provider’s account:

If the Provider adheres to a long-term trading strategy (that is, positions are not closed during one Rollover), he should carefully monitor the movement of funds on the PAMM account.

Suppose the Provider opens a position with a volume of 5 lots. Since the shares of the Provider and the Subscriber are equal, a position of 2.5 lots is opened on the Provider’s account and the same (2.5 lots) on the Subscriber’s account. Let’s assume that the Subscriber has assigned additional funds in the amount of 2000 USD. Its share in the PAMM Account Balance rose to 54.35% after Rollover.

Thus, the degree of risk for the Follower’s open trades has changed. After Rollover, the transaction (EURUSD) was reopened on the Follower’s account with a volume of 2.7174 lots.

During Rollover, trades are closed and opened at the same price.

As the Subscriber’s share has increased, the Provider’s share has decreased. The Provider’s risk level also changed, as the same deal was reopened on his account with a volume of 2.2826 lots.

Thus, for any operations on the PAMM Balance, the participants’ shares change, which leads to a change in the distribution of risks. Therefore, the Provider should monitor changes in the PAMM Account Balance, as well as adjust the volume of open positions, if necessary. The Provider can track requests for assignment/withdrawal of funds of its Subscribers on the PAMM account page.

What is FXOpen’s PAMM program? How does it work?

Go to FXOpen’s Official Website