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Drawdown continued into this week with my PipBoxer fx trading. 18 trades were closed with 9 wins and 9 losses and a net loss of $32.95. The account balance was at $8,163.01. Some open position loss remained.

I decided to switch off PipBoxer for the time being. I will wait for the new updated of the EA reportedly to be released shortly. I can’t help but be a little sceptical of PipBoxer although I will give the new version a try once it is released.

A dismal week for my forex trading using PipBoxer with a loss of $321.95 for the week. There were 18 trades closed with 11 wins against 7 losses. A SL on USDJPY almost accounted for the whole loss of the week. My account balance dip below $9,000 to $8,769.25. There are 6 opened trades with substantial floating profit.

I feel I urgently need to see some recovery or I will need to seriously reconsider PipBoxer as my FX trading tool.

A disappointing month for my PipBoxer FX trading with $1,225.9 loss for the month bringing my account balance down to $9 091.20.

There were 69 trades closed with a win:loss ratio of 50:19. The detailed statement of my Interbank FX account for August ‘07 can be viewed here.

There were quite a few trades that looked promising in the beginning but ended up at outright SLs. That prompted me to start adopting some manual interventions which turned out rather negative to the overall profitability.  Toward the end of the month, I adjusted the number of maximum open trades up from 10 to 15 to remove any restriction to Pipboxer maneuvering. I have yet to see the effect of this adjustment.

I’m disheartened a bit but will continue to let Pipboxer trade for a few more months.