PAMM Setup and Risk Management on MT4 and MT5
PAMM (Percentage Allocation Management Module) on MT4/MT5 is an account structure where one money manager trades a single master account while investor capital is allocated proportionally into linked investor accounts, with profits, losses, and fees split by percentage. It runs as a broker-side engine or bridge, not a built-in MetaTrader feature, which is why setup quality varies so much between providers.