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- Risk Disclosure: The risk of loss in trading Commodity Futures, Options and Foreign Exchange ("Forex") can be substantial. The high degree of leverage associated with Commodity Futures, Options and Forex can work against you as well as for you. This high degree of leverage can have the effect of substantially magnifying potential losses as well as gains. You should carefully consider whether Commodity Futures, Options and Forex are suitable for you in light of your financial condition. If you are unsure you should seek professional advice. Past performance does not guarantee future success. In some cases managed accounts are charged substantial commissions and advisory fees. Those accounts subject to these charges may need to make substantial trading profits just to avoid depletion of their assets. Each Commodity Trading Advisor ("CTA") is required by the Commodity Futures Trading Commission ("CFTC") to issue the prospective clients a Risk Disclosure Document outlining these fees, conflicts of interest and other associated risks. A hard copy of these Risk Disclosure Documents are readily available by contacting Will Schaarrand at info@pipinvestment.com. The full risk of Commodity Futures, Options and Forex Trading cannot be addressed in this risk disclosure statement. No consideration to invest should be made without thoroughly reading the Disclosure Document of each of the CTA's in which you may have an interest. Requesting a Disclosure Document places you under no obligation and each document is provided at no cost. The CFTC has not passed upon the merits of participating in any of the following programs nor on the adequacy or accuracy of the Disclosure Documents.
- Other disclosure statements are required to be provided to you before an account may be opened for you. Past performance is not necessarily indicative of future results. Prospective clients should not base their decision to invest in these trading programs solely on the past performance presented. Additionally, in making an investment decision, prospective clients must also rely on their own examination of the person or entity making the trading decisions and the terms of the advisory agreement including the merits and risks involved. Disclaimer:This material and any views expressed herein are provided for information purposes only and should not be construed in any way as an endorsement or inducement to invest in any specific program. Before investing in any program, you must obtain, read and thoroughly examine its Disclosure Document or offering memorandum. Any performance included herein is based upon information that has been compiled by PipInvestment from CTA disclosure documents and by third-party independent CTA tracking services and Institutional Advisory Services Group. All sources we use are free to the public. Such information has not been independently reviewed or audited by PipInvestment or its affiliates and therefore neither PipInvestment nor its affiliates make any representation as to its accuracy or completeness. Readers are solely responsible for how they use the information and for their results.
about 1 week ago
iDRAW-
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
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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
about 1 month ago
which currency does iDraw trade?
_ 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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