The best reference that I have found that discusses a COMPLETE TRADING SYSTEM includes the following major subsystems: what to trade, how much to risk (position sizing), when to buy or sell (signals), stops, and planned exits (I have ignored tactics).
No sane professional trader (or experienced amateur) would risk 10% equity per trade!! The generally accepted level of risk is 1 to 2% per entry, and no more than 5% in the market at one time. Please pay more attention to trading systems research do not focus too much on entry and exit subsystems (8 or 9am candle). That represents 10% of equity for each entry. The system assumes beginning with $10,000 equity and then each entry enters with one full lot, nominally, $1,000. The basic problem with the system as described by VDeluca is the proposal's poor Money Management.
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