I'm looking to experiment with a betting strategy known as the cancellation system. It involves going after a set amount of units.
For example let's take 10 units and assume they each equate to 1% of the account:
1 1 1 1 1 1 1 1 1 1
We'll take the first and last 1's as the amount to risk on the trade. In this case 2%. If the trade/investment wins we will cross the two out, if not we will add them to the right (2 total) and repeat the process. See:
If trade wins:
1 1 1 1 1 1 1 1
If trade loses:
1 1 1 1 1 1 1 1 1 1 2
Assuming the trade lost you would take the side #s 1 & 2 and add them and use that as the amount to risk (now 3%). It looks like a safe alternative to martingale and could take months to see the cycle through until it ends.
It looks better for a day trader, but I can still incorporate this into my swing trading. My goal would be to get a full cycle of this in every quarter (4 cycles total) but it could be as many as 12 cycles!
Good luck trading out there.