PipBoxer July 9-14, ’07 Weekly Results
article written by Boem.
This week 16 trades were closed by PipBoxer with a win:loss of 7:9 but still a net profit of $95.96. This was achieved because the profit trades averaged $51 while loss trades -$29.
The week started with a floating loss of $127 from open positions carried from the week before. It struggled in the beginning of the week but from the middle of the week loss positions started to get worked out. In fact, most of the trades were closed with the adjusted SLs or TPs. Only 2 trades (USDCHF, USDCAD) hit unadjusted TPs outright and one (EURUSD) hit unadjusted SL with roughly 200 pips gain and loss. So PipBoxer built-in Money Management is playing a significant role here.
At the end of the week, there remained 7 open positions but this time with floating profit of $51. My account balance stands at $10201 againt $10105 a week before.
Somewhat similar results as a week earlier. Assuming this roughly 1% per week growth rate of account balance is achieved by the system consistently, my equity can be doubled in 70 weeks. Right now I trade all the 11 currency pairs with the same 2% VAR setting. I will evaluate performance of each pair after a period of time and may adjust VAR up or down for the pair. My target is to achieve at least 5% growth per month.