Grand Capital has recently integrated a new generation copy trading service: RAMM by RAMM.TECH. For those set on trying this innovative tool, the Grand Capital team has prepared a full user guide to trading and investing with the RAMM platform.
Since June 2019, a new generation copy trading platform RAMM is available to clients of Grand Capital. This is already the second service of copying transactions offered by Grand Capital. The first one was LAMM, which has been used by clients for over 6 years. Both services allow investors to choose a managing trader and just leave money on their own accounts. Instead of transferring them to the trader, investors copy their trades.
How is it different from LAMM?
The main difference of RAMM from LAMM is the wider range of investment settings and managing capabilities. These features have already been highly appreciated by clients of Grand Capital, so let’s talk about them further. For instance, RAMM has the capability to not only limit losses when investing, but also limit the profit within a strategy. It allows investors to take profit when the price reaches a certain level and reduces the risk of losing the deposited funds. Another innovative feature for RAMM investors is the capability to see the real percentage of profit their managing trader receives, factoring in open trades: a drawdown will be clearly visible on the chart.
Moreover, users can withdraw money partially: for instance, they are able to withdraw profit while leaving the initial deposit on the account. At the same time, it is possible to add funds to the deposits already connected to RAMM strategies.
Unlike LAMM, in RAMM there is no way to close separate positions opened by a trading manager. In LAMM all the deals are copied to MetaTrader 4. An investor can close it at any moment in case of the slightest drawdown. However, it should be noted that investors most often are not aware of the traders’ plans and tactics, that is why they may harm themselves by such an intervention.
Among all copy trading services, only RAMM has a Pause mode. Once investors see that the strategy is at its peak, they can pause copying, take profit, and resume it after waiting out the drawdown. After pushing the “Pause” button, all traders’ deals are closed at current prices. As the Pause mode is turned off, the deals on the RAMM account start opening again, also at current prices. Thus, it is possible for an investor to earn more than their managing trader. At the same time, an investor can set any ratio of copying their manager’s trades, it can even be less than one.
For managing traders, the difference is that they can trade with any broker while offering their strategies to investors at Grand Capital.
How to begin
In order to start working with RAMM, both investors and traders need to open a RAMM account. Go to your Private Office, “Trading” tab, “Investment accounts” section, and click “Open RAMM Account”. Minimum deposit required to start trading with RAMM is $50, so make sure you have this sum on your account. However, for a sure start, the recommended sum is at least $300.
How to become a RAMM investor?
Once the new account is opened, the fledgling investor can choose one of the strategies offered by managing traders. The strategies are shown in the rating in a descending order according to monthly profit. Clicking the “Symbols” button shows the trading pairs that the managing trader works with, and their percentage as a pie chart.
In each strategy tab an investor can see monthly and overall profit percentage, as well as a chart showing trading results of all time. After analyzing sets of trading pairs and performance dynamics of each trader, an investor can choose the most reliable strategy.
Every trader sets a percentage fee based on investor’s profit. Optionally, a turnover fee can be set in USD: for example, $5 for $1 mln in one direction. After selecting a strategy, choose the copying (and risk) factor, which must be a decimal number less than one.
In the same window, the investor defines profit and loss limits in order to secure their deposit and take profit. Now all you need to do is to click “Invest” — and start earning along with your managing trader.
How to become a managing trader on RAMM?
A client of both Grand Capital or another broker can become a managing trader in RAMM. In both cases one should open a RAMM account at Grand Capital. If a trader has a Grand Capital account with at least $50, there is no need to make a new deposit. The service is free for traders.
Clients of Grand Capital can create strategies with a couple of clicks. After making a deposit, click “Manage” to see your RAMM account. Then proceed to create a strategy in the respective tab. You can set a separate commission fee for investors’ profit in each strategy and—additionally—a turnover fee in USD.
Automatic loss and profit limitation is available for both investors and managing traders.
If an account is located on MT5 or MT4 at Grand Capital, there is no need to set up anything else. Moreover, after opening a Grand Capital account and making a deposit, traders don’t need to transfer their funds to the strategy. It will broadcast their trading from the chosen account anyway.
How to work with RAMM when trading with a third-party broker?
After setting all the parameters and creating a strategy, the system will offer to download the signal script (or so called Expert Advisor) and run it in the MetaTrader terminal. This file should be uploaded to MetaTrader to the “Experts” folder and run on the account from which all the deals will be broadcasted to the strategy. To do this, just drag the Adviser to the MT display with the chosen trading pair chart and select the checkbox “Allow trading” in the emerged window. Now your account is connected to the new RAMM strategy.
In the same window, there’s a link that should also be added to MetaTrader (Service-Settings-Advisors). Keep in mind that it is not possible to switch between accounts with an active EA, otherwise the trades on the new account would be copied to the strategy, and trades on the previous account would be closed. The trading platform with a plugin should be always enabled, and the account from which trades are being broadcasted should be active.
For the sake of convenience, we recommend setting up MetaTrader to VPS (a virtual server) priced from $3 per month in order to ensure smooth and precise copying of trades.
If a trader uses another broker’s account, they should make a deposit into their RAMM account. Thus, a two-stage copying is taking place: a managing trader transmits trades from their own MetaTrader 4 or 5 to the strategy, which in turn broadcasts trades to investors.
You can copy signals from any real or demo account opened in MT4 or MT5, creating limitless amount of strategies on a RAMM account. Each strategy broadcasts trades from the connected account and doesn’t affect other strategies.
There’s one more point worth mentioning for those who trade on accounts at other brokers. If a third-party broker and Grand Capital use different currency symbols (e.g.: EUR/USD and EUR/USDm), trades won’t be copied. If this happens, contact our support team. With a little bit of magic our team will make sure that all the trades are copied correctly.
Both in case with a Grand Capital account and that of other brokers, a trader can always pause the strategy if they expect a drawdown, so the trades will stop being copied.
You can also watch our video guide to working and earning with RAMM on GC Youtube channel.
In the meantime, don’t waste your time and try our new service in action!