In Search of Lost Pips - Payback

I've finalised a system and I'm going to call it Payback. I'll be trading live from now on for a month or two with a very small account. I'm going to record all the live trades here for personal reference only. Please keep this thread clean. If this system proves to be successful, I'll start a system discussion thread in the Trading Systems sub-forum.

Instrument: GBPJPY
Starting Equity: $498.42
Account Leverage: 400:1

Payback Trade No.1
2008.5.26 13:00; SELL 1,000 @204.69; SL @ 207.69; TP @ 194.69

1. new SL @ 205.48;
2. BUYSTOP @ 205.48; SL @ 202.48; TP @ 215.48;

1. exit 1,000 @ 205.48; P/L -79 (-$7.93); Current Equity: $490.49;
2. bought 1,000 @ 205.48; SL @ 202.48; TP @ 215.48;

2. new SL @ 204.11;

2. new SL @ 204.65;
3. SellStop @ 204.65; SL @ 206.32; TP @ 194.65;

3. cancel SellStop order;
3. BuyStop @ 206.59; SL @ 204.71; TP @ 216.59;

3. Bought 1,000 @ 206.59; SL @ 204.71;

2. newSL @ 206.29;
3. newSL @ 206.29;
4. SellStop @ 206.29; SL @ 208.01; TP @ 196.29;

4. SellStop cancelled;
4. BuyStop @ 208.06; SL @ 206.29; TP @ 218.06;

4. bought 1,000 @ 208.06; SL @ 206.29

2. new SL @ 207.00;
3. new SL @ 207.00;
4. new SL @ 207.00;

2. new SL @ 207.34;
3. new SL @ 207.34;
4. new SL @ 207.34;
5. SellStop @ 207.34; SL @ 209.15; TP @ 197.34;

5. SellStop cancelled;
5. BuyStop @ 209.46; SL @ 207.34; TP @ 219.46;

Closed Positions:
1. sold 1,000 @ 204.69; exit @ 205.48 (-79);

Open Positions:
2. long 1,000 @ 205.48; SL @ 207.34 (+186);
3. long 1,000 @ 206.59; SL @ 207.34 (+ 75);
4. long 1,000 @ 208.06; SL @ 207.34 (- 72);

5. BuyStop cancelled;
5. SellStop @ 206.77; SL @ 209.77; TP @ 196.77;

2. Closed @ 207.34 P/l: +186;
3. Closed @ 207.34 P/l: + 75;
4. Closed @ 207.34 P/l: - 72;

5. sold 1,000 @ 206.77;

5. new SL @ 206.14;
6. BUYSTOP @ 206.14; SL @ 203.14; TP @ 216.14

5. exit 1,000 @ 206.14; P/L: 63;
6. bought 1,000 @ 206.14;

6. new SL @ 205.15;
7. SellStop @ 205.15; SL @ 208.15; TP @ 195.15;