PipBoxer August 12 - 18, ‘07 Weekly Results
Saturday, 18th August, 2007
A bumpy week for my PipBoxer forex trading. Altogether 18 trades were closed with 13 wins against 5 losses and a net loss of $11. Earlier in the week the account balance went up to $10,314 only to make a sharp draw down to $9,852 when NZDUSD and USDJPY hit SLs. It then recovered back above $10,000 toward the end of the week.
My account balance now stands at $10,017.54. There are 2 opened trades with some floating profit.
I followed the policy to manually close or adjust SLs or TPs when I reckon substantial profits can be taken. In retrospect, the policy was not contributing to the profitability as I expected. There were a couple of occasions where I threw away potential gains due to premature profit taking. So this policy will be abandoned. I also went against a warning of the developer of Pipboxer by continue trading NZDUSD which resulted in some losses.