I'm looking for momentum to get on board so I shouldn't need to give it too much room if I've got it right. I took the view I'd get taken out far more often than I hit a good run, but that I would exit a bad one at the first hint of trouble reducing my losses per losing trades to the merest fraction of initial amount risked and when I did catch a move, the rewards based on small stop and large position size should exceed my accumulated losses over the long run. That was the theory and proved to be sound on back-test. Didn't quite match my back-test results on demo, but did well enough to convince me to go live. My results since trading live have been awful. I'm still trying to pin down what's different and am currently of the view it's my manual/discretionary meddling with trades and a failure to enter/exit as per system rules. Looking at that last sentence and I laughed out loud at the obvious stupidity of what I'm knowingly doing.
