Tom Basso

1. Generate random direction signal
2. Open trade with SL = n * ATR
3. Activate trail stop
4. Position sizing = 1% of equity

Letting winners run and cutting losers quickly helps tip the risk-reward balance in your favor.

Fees

Is being considered in backtesting

Spread

In live trading, we need to consider spreads. In the daily timeframe its working. In HFT gains are low.