PipBoxer August 5 – 11, ‘07 Weekly Results
article written by Boem.
A better week for my PipBoxer forex trading. Altogether 18 trades were closed with 15 wins against 3 losses and a net profit of $70.11. Not as fantastic as some other weeks but enough to bring my account balance back above $10,000. The main problem was the 2 SLs hit by USDJPY which resulted in over $600 loss. I also wish PipBoxer did a better job in closing profit trades. During the week, I saw a short GBPUSD went to over $300 floating profit only to gain me $40 in the end when the pair reversed. With that bad experience, I decided later in the week to manually adjust SLs on a short AUDUSD and a short GBPUSD to secure over $200 profit each.
My account balance now stands at $10,028.54. There are 3 opened trades with some floating loss.
The developer of Pipboxer recognizes the poor performance of USDJPY lately but insists on trading the pair. You can read his post in a forum here. I will follow his guide to stick with the pair and see how it goes. I will from now follow the policy to manually close or adjust SLs or TPs when I reckon substantial profits can be taken.