PipBoxer August 12 – 18, ‘07 Weekly Results

article written by Boem.

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.

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2 Responses to “PipBoxer August 12 – 18, ‘07 Weekly Results”

  1. forextrader wrote:

    Hi,

    Why don’t you stick with the settings recommended by PipBoxer.com. They suggest not to trade NZDUSD. Take a look at their suuggestion about trade settings at http://www.pipboxer.com/news.php.

    This comment was written at August 19th, 2007 at 1:49 am,

  2. Boem wrote:

    Hi forextrader,
    Thanks for the comment.
    I was aware of the warning by PipBoxer’s developer regarding NZDUSD. I took a look at my own record of NZDUSD and I did not find performance issue with the pair. I accept now that the developer might have a better idea of what was going on. I was a little stubborn.
    - Boem

    This comment was written at August 19th, 2007 at 2:52 am,

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