I have decided to go for the fences.I am currently in a financial dilemma for the next two years and wont be able to have much in savings.All I have saved is a small account that I have decided to risk it all.I have decided a life without taking CALCULATED risks is not worth living at all.Get rich or die trying they say...

I have decide to use 1/4 kelly for my position sizing.This will enable me to gain approximately 1000% a year without getting the famous margin call.Ruin levels are set at 50% where I will review if the system is still viable.At 35% draw downs I will shrink my size by half and if the losing streak continues I will continue reducing the size until I get my confidence back.This is not the mathematically correct way of doing it but its my observation that losing streaks tend to persist,also all of the old timers tend to agree with this method,so no need for me to re-invent the wheel here.

My system trades the trend and involves many pairs.i will take a maximum of 2 correlated positions at any one time.I hope my diversifiion will reduce my overall risk as I have noticed there is always a pair trending while others go int a ranging fit such as has been the EURUSD of late which has been an ass to trade.My system has been back-tested for 3 years and forward tested for 6months.So far the results match so i can say its fairly robust.It wins approximately 50% of the tome with a win/loss ratio of 2.The standard deviation of the system is low and according to Van Tharps system quality metrics its a very good system(over 3.1).Thats how much I can reveal about the system.

I know the goals seem outlandish but honestly I have scientifically tested the sytem.I know some gurus who say you have to backtest over 10 yrs of data and 10000 of trades.But the truth of the matter markets change and old results cannot be relied on.I have seen thoroughly backtested systems fail spectacularly in the real markets to know that backtesting isnt an exact science.My cure for this is that around 50% of my trades are based on discretion...so its harder to backtest.My discretionary trades are my most profitable trades and are very well founded on logic...I have only deviated once from this logic and never repeat again.

All of mt trades have a predefined SL.In all of my trading history I have always put a SL.I owe my survivability in this game for it.I have never come close to blowing my account even in my newb period coz Im paranoid...I always will be.In my mind I thinks of black swans regularly.Thats why I have used 1/4 kelly as I have found it the best compromise between reaching my targets and blowing out and I have a predefined Ruin levels which Im sure will be reached if I trade long enough from my montecarlo testing...I hope to have made a good wad as to reduce risk to the agreeable 2% by then.


Wish me luck guys.Probably if I blow I will disappear from this forum like the many before me.Cheers.