Shr1k, i dunno if you wanna consider a different form of money management, but…
One that may cater to you is the reverse labouchere.
You can google it, but the basics are as such.
Starting line
1,1,1,0 —add first and last numbers to get 1…that could be 1 lot to buy/sell
if that one wins (depending if it is a certain pip amount, determined in advance).
then you add that 1 to the end of the line
1,1,1,0,1 ----next buy/sell is the first and last number added which is 2.
2 lots to buy sell…
If that loses you scratch off the first and last numbers.
1,1,0 --next lot amount is 1. and it continues until you lose the string OR
for me personally when the lot size is double the initial pip amount and you lose your trade.
Example…If i opened an account with 5$k…I would feel comfortable, with 5$ a pip…That may be more than recommended, thats why I mentioned you in this post, you MM seems aggressive, but maybe others can benefit.
I would divide that 5$ per pip, by 5, to get 1$ a pip.
Then I would make a line of
1,1,2,1,0—so now the 5$ is spread out a bit, first lot would be 1+0=1=1$ per pip.
When lot size was double 5$ a pip, i would continue until my first lost, or if you are feeling very risky, lose twice in a row in your buying/selling.
Another time to stop using high pips would be if you reached a certain goal, such as 10% or 25% or some such thing of your gross account.
So if i had a 5$k account and gained 500$ (5,500$) i would reset and starting pip size would be, for me, 5.50$ a pip, i would again divide by 5, for a 1.10$ pip lot.
The benefits are low downdraw, you only risk more when you have gained more, and if you get on a hot streak, pips would be raining all special like.
Wanted to throw that out there.
Red