yes, no free lunch, my technique is nothing special, its often referred to as anti martingale. A martingaler believes if the last spin was black the next spin will be red. An anti martingaler believes what has gone up will keep going up. And that's how I bet. Which brings us back to prudent money management.
the most important thing before you start is to clearly define what a minimum and what a maximum postition will be, and it is based on starting account balance and not reduced during drawdown or increased when it is going good.
for me a min is about 200% of starting balance and a max is about 10 times starting balance, and then there are medium positions that get developed that are somewhere in between. The goal is always to keep your losers your smallest positions and your winners your largest positions. Once a position gets maxed out it is quite a comforting feeling to just ignore it and everyday see your stop losses become more and more irrelevant.
I use to trade this sytem with no stops and that was more profitable simply due to reduced trading costs, but I was concerned what would happen to my account if I died and my kids had to sort it out. So now I go to sleep with a stop loss on everything. To an outsider my stops seem to have no rhyme or reason, due to adding to positions, some become incredibly tight, like 10 pips, and others can get very wide, like 100 pips away from average price. And some are actually more like trailing stops and will stop me out at a profit (although not much of one and I consider getting stopped out a loss even if it is a profit.)
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