PipBoxer Jun ‘07 Results
Saturday, 30th June, 2007
The detailed statement of my Interbank FX account for Jun ‘07 can be viewed here.
This account is used solely for forex trading using PipBoxer expert advisor. It’s a mini account with initial deposit of US$1,000.
So this first week and first month results look great with 8 profitable trades out of 10 trades. There are 10 open trades with a good floating profit. There was some bumpy road along the way, but luckily PipBoxer managed to stay profitable.
The one issue I have now is the amount of fund I invested may be too small. It will take at least a year before I recover the cost of purchasing PipBoxer. In order to shorten the payback period and actually to make this investment worthwhile, the size of the invested fund needs to be increased. Well, I’ll do exactly that shortly.
Another point to mention is I set Value At Risk (VAR) in PipBoxer at the minimum 1%. This parameter determines how big your lot size per trade will be. In forex it is most advisable to play safe. The maximum VAR allowed by the system is 10% but that is far too aggressive for me. Having said that VAR of 1% may be too conservative. So, I will raise my VAR to 2% and see how things go.