Social trading allows a user to experience the profits of Auvoria Prime's software without having to manage the software personally. One crucial decision that you must make is to set your risk. It is easy to do and only takes a few minutes. Please follow these steps to ensure your risk regarding the selected Social Trading service is set.
Step 1
Log into your Broker and go to the PAMM Account.
Step 2
When you see the list of PAMMs you participate in, click on the PAMM name to open the details.
Step 3
After clicking on the PAMM, you will see something like the details in the following image. To set your risk allowance on your account, click the three white dots to the right of the Report button.
Step 4
This Investment Auto-Close is the same as an Equity Protector. Notice that the value here is not a percentage. It is a dollar amount. So, if you want to set your Equity Protection to 10% and your balance is $10,000 account, you need to enter $1,000 in this field. You can also get a daily, weekly, or monthly report. It is best to use daily or weekly to keep track of your account.
In the image below the value is set to $3,000 and when we do the math, 3,000/17,699.07 we see this person is using around a 17% equity protection.
Note: As your balance grows, to maintain a 10% equity protection, you will have to adjust this value accordingly. You should set a reminder to check your balance weekly and make the necessary adjustments.