No, IvyBot uses preset targets, and no visable stop, although you can add one without interfering with the program. So far, in forward and backtesting I havent seen it take a large loss or
drawdown 
. It attempts to enter trends on retracements, and if that fails or takes too long it attempts to exit on a bounce or at an internal stop
point . None of this is explained, its simply my interpretation from watching the backtesting proccess. None of the user parameters are explained or labled in an understandable manner, and there are quite a few parameters I would like to understand better. From what I have gathered the robot uses linear regresion channels to attempt to enter on the right side of the
range and with the
trend . They
offer optional more aggressive settings, but they dont test as well as the default settings, however, they do show the versatile capabilities of the robot.
I suspect that in time there will be a lot of people coming out with optimized settings for this robot, and that if we can learn the settings a lot can be done through different optimizations for different market climates and different goals.
I bought it primarily because there was an unusual group of people recomending it, beyond the usual affiliate hacks, people that dont usualy recomend robots, or even speak nicely about them. I like the robot and recomend it because it seems to manage it trades fairly well, taking small losses and gains when neccessary, and not simply holding to a stop or target, and definately not holding into large drawdowns, or for an indeterminate time, and it seems to be able to produce consistant and good profits over time. Although, admitedly there is little forward evidence of this yet. Hopefully, the future will prove me right, otherwise, its just anouther robot.
I also think it might do well here on this site, because it seems to run well on its default settings.
Be smart! Read the 
Linear Mode
