Below is a list of standard terms you will likely come across when using Zignaly!
PS (Profit Sharing)
Profit Sharing is the #1 automated trading method! It lets you invest with expert traders and get 100% identical results. The Profit-Sharing method has benefits over regular Copy-Trading. You will only pay a success fee when you have reached new profitable highs in these positions.
PS2 (Profit sharing 2.0)
It's the updated version of PS (Profit Sharing) with new Key Features:
PAMM (Percentage Allocation Management Module)
Clients can commit their assets to a PAMM manager, a professional trader. The manager trades utilizing all investors' funds.
PNL (Profit and Loss)
It’s a financial statement that shows a position's revenues over a specific time.
SF (Success Fee)
The fee when a position is closed and a new high water mark is reached. The fee is only from the difference between the old and new high.
HWM (High Water Mark)
When there are profits and the balance is above the high-water mark, the profits will be split. if there are open positions with losses, the negative amount will be retained until the positions are closed.
This is an expert who manages investors' funds. Fund managers must have experience to pass the Zignaly marketplace listing requirements.
PSDS (Profit Sharing Daily Settlement)
We will keep track of services daily. During the PSDS, we look at how much money the service made or lost in the last 24 hours.
Zignaly API Code
This code is linked to the API. When you try to connect to Zignaly's old interface, you can only do so with a PS 2.0 service. For more info, please click here.
If you come across any other terms you do not understand, feel free to reach out to our customer support! 💡