PipBoxer July 22-27, ‘07 Weekly Results
Saturday, 28th July, 2007
The first bad week for my PipBoxer forex trading. Altogether 24 trades were closed with 12 wins against 12 losses. I suffered a net loss of $829.93.
PipBoxer seemed to get bullish signals on most USD pairs an entered long USD trades early in the week. That’s where the disaster came from. On Thursday USD collapsed across the board taking most USD pairs to outright SLs. The 3 long USDJPY, 1 long USDCAD and 1 long USDCHF hit SLs. There were encouraging recoveries on Friday with a long USDCAD and a short NZDUSD hit TPs.
Not too bad to end the week with the late recoveries especially when the 8 opened trades are also showing a $202 floating profit. My account balance now stands at $10,237.70.
I don’t think this sharp drawdown indicate fundamental problems of PipBoxer. It’s one of those days in forex when things aren’t work the way you like. There’s still a fair chance for me to wrap July with the 5% equity growth target even though only 2 days trading left for the month.