The system encounters drawdown in the first 40+ trades but the risk manager helps to retain the trader in the market. It later moves in the trader’s favor. The overall performance of the system is amazing. It turns a $10,000.00 account into over $460,000.00 in three years. Thanks to risk management tools.
This video shows how PipBoxer v2.0 analyzes the market and enters a long GBPUSD trade. It later manages SL and TP values and eventually exits the market successfully.(c) PipBoxer.com
PipBoxer is an Expert Advisor to trade Forex automatically. It uses built-in Money Management and Risk Management tools to get the best results. (c) PipBoxer.com
The video shows how position sizing can affect the behaviour of the system. PipBoxer GBPUSD gains over $105,000.00 with VAR=5% but when VAR is increased to 30% the total gain increases to over $23,000,000.00
PipBoxer entered a long trade on Friday Feb 16, 2007. The TP was set to 274 pips. The market moved in trades favor later on Feb 20. The system moved the Stop loss to Break-even point first, then used a built-in trailing stop to follow the price and eventully moved the Stop loss to half way to profit. In the end the price hit the Take Profit a few minutes before the market retraced and generated 274 pips in profit.
The video shows a USD/JPY trade that took place on June 8 2007 and after a few days made over 195 pips. It also gained more than 7 pips in rollover swap.