August: Week 4 Results
Naked Chart: 0
Unbeatable: 0
No Trades This Week.

Does not have Order manager functions. IDRAW only, places pending orders, modifies pending orders, and Price executes that pending order (or orders). You can place as many pending orders (Trendlines) as needed.

iMANAGE-

This Expert Advisor manages all your Open trades. You will use both tools together to get the benefits out of this package

Options
—————————
Max Stop loss-
Magic # Option – or Only manage the pair that the iMANAGE is connected to.
Take Profit Target – This is your first take profit goal.
Next Take Profit – This is the next Pip amount increment. So if you set this as 10 pips, every 10 pip gain, you can partial close a specific lot amount

Partial Lot- Determine the size of the partial close. If you enter a 1 lot and you want several Take profits, you can close partials with .1 lot or what ever portion is suitable for your goal.
Stop loss Target #(1-8) – At this level, your Stoploss will move to Stoploss #
Stop loss #(1-8) – Once the Target is met, your Stoploss will move to this level.

There are a total of 8 Stop loss Targets. This gives you the flexibility to move your Stoploss to Breaks even, then +1,4,6,7, 20,50, 200 etc. You can also limit your bad trades by setting the Stoploss Target to a negative value, lets say -20 pips. So if your trade goes against you 20 pips, your Stoploss can be Moved to Breakeven, allowing you to get out of a bad trade at breakeven, instead of taking the bigger loss. This concept works great at a False Trendline break, because if you are wrong, you can still get out of the bad trade at a smaller loss, than if you are using a Fixed Max Stoploss on all your trades.

Thank you for the questions!

_Will

No Trades This Week.

Naked Chart: 14 Pips- No Loss

Unbeatable: 53 Pips with a Total of 71 pips including Partial Lot- No Loss

MyFxbook members thought I was overboard for my comments, actions and from the video above. However, it was only for the good of the community as I was only Protecting his investors from his unprofessional trading behavior.

I will not be sending signals during new releases because of their unpredictable movements, possibility of hitting your set stoploss, and unnecessary risk involved. I will only be sending signals that I honest believe are accurate and can turn a profit.

I will be trading any pair that I see a possible opportunity. I do not limit myself to a few pairs nor do I worry about the involved cost of spread. I concentrate on the pip gain and the involved risk with each trade. I may enter up to 2-3 positions at Max. This allows me to be flexible from one S/R level to the next S/R level, while giving me the opportunity to take profits several times, before the initial momentum burst. Since I may enter a few positions, I will suggest lowering your Lot sizes until you get a better feel for my signals.

Please do not contact me asking about when I will trade, what pair I will trade, why I am not trading, or any other questions during the trading week. I will be happy to answer all your questions when the market is closed.

This ensures that I am focused on trading and not worrying about my clients. For example, last Sunday, I traded for myself and I was pleased with my results. I was done trading for myself and I was almost off to bed, however, I felt compelled to send at least 1 signal before I went to bed resulting in a very bad analysis and was not based on my strategy. I felt like I “needed to send a signal” and I will not tolerate this “feeling” or send a signal just because I feel like I need to.
This is also the reason why I will only answer your questions over the weekend.
This is my fulltime venue and this is how I pay my bills monthly. I do not need the added pressure or concerns from my clients. I am only here to send a signal and nothing more.
Please disregard the iMANAGE EA, as it will only complicate our process.
Zipsignals has a very low latency and their system is reliable. I will control all Stoplosses and Take profits on my end to ensure that you do not have to do anything but leave your PC on.

I hope you understand my concern and continue to see the benefits in automated signals.

Last week, I have also encountered a viral infection in both of my eyes and I could not tolerate trading for more than 20 minutes at a time. I was limited to trading news releases and I could not trade at full strength. I have taken most of the week off to recover and I should be back at full strength by the end of this week, AUG 8th, 2010. I am sorry for the inconvenience and waste of your trial period.
I have also noticed that all my trading signals to PipInvestment- Unbeatable were not going through, while PipInvestment Naked chart worked fine besides a ” Trade Context Busy” error that I noticed on 1 of my clients terminal. From my personal experience, Trade Context Busy is normally from another trade that is trying to open, close, or modify. However, I have also had several of these errors associated with FXCM B.A. Metatrader while being in a profitable position.
These errors limit the ability to manage your trades effectively and are also known as an unpractical way that brokers can affect your trading performance, while messing with your confidence.
You can check your LOG.FILE within the MetaTrader program files to see if you are getting these associated errors.
Requote. Trade Context Busy. Old Tick. Off quote.. If you see any of these errors within your log file, I would suggest closing your account and finding another broker.
If you have any questions, please feel free to contact me via Email at info@pipinvestment.com. It is the weekend and I will gladly answer any of your concerns.

Best Regards,

Will Schaarrand

This is however precious advice to keep a close look on histry and ceranly stay away of traders that hide their calls, SL etc.

cheers
Chris

_ You can trade Any currency that is offered through your MetaTrader Broker. You can also use this with Dukascopy Jforex Platform. Contact me for more details about using iDRAW with Dukascopy

what is the SL and TP, average winner, average loser, % profitable?

_My Success rate is over 80%
Average Stoploss and and average Takeprofit all depends on the Trade setup and what the actual goal is. When I was first started to test Version 0.2 back in January, I had: Total trades: 280 Total trades with profit: 248 Total trades with loss: 32
For a Detailed Report; http://schaarrand.mt4stats.com/analyses
I had a few technical errors With iMANAGE that Closed Several Carry Trades that Caused the big Losses, But overall the experience was still pleasant.

what type of trading style doe it use (breakout, scalp, swing, etc)?

_You can use iDRAW for any style you prefer. I normally set it up to catch some good swings on LON and US Session, while I use it for Scalping in AUD and Asian Session. You can use it for scalping, swings and breakouts… You can use it on any time frame that is relevant to your goal. Stoploss and TakeProfit are subjective to your style of trading.

what do you mean by semi-automatic? what does the trader do and what does the EA do?

_The Expert advisor is dependent on your technical analysis ability. If you understand how the market moves in Waves then you will make a lot of pips with little effort. However, if you are a beginner, I would suggest using this on M5 and M15 charts until you have a better understanding of how to setup swing trades. You can also use these tools for longterm Trending positions .iDRAW is perfect for getting in on a trend after a Pullback. This is where, I make a lot of pips.

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