PipBoxer July ‘07 Results
Wednesday, 1st August, 2007
The detailed statement of my Interbank FX account for July ‘07 can be viewed here.
Altogether there were 81 trades closed with a win:loss ratio of 49:32. Not a bad set of numbers to start with. The problem was the SLs on 1 short USDCAD, 3 long USDJPY and 1 USDCHF which occurred on July 26 resulting in a sharp drawdown. Well, I guess this is part of the game of FX we have to live with.
During July I injected $9,000 to my account making the total fund deposited $10,000. I also adjusted VAR for AUDUSD to 3% leaving the rest at 2%.
With $521.46 profit for the month, my account balance now stands at 10 526.89. I did achieve my 5% account balance growth target but not in as a convincing fashion as I would like it to be.