This works. It requires paitence and discipline, but it works. When someone has found something that works for them, they automatically think its the way to go and no other way works. They probably have tried this method and didn't like it which is why they have such hatred for it. BUT I DO ADVISE USING A SL FOR LEVERAGED POSITIONS, ALWAYS. I have a similar trading plan. Except I have one trade open and don't open another until I breakeven that trade, giving it room to run. Averaging in losing positions (which goes againt the professional mindset but at 0.01 lots, its technically impossible to get a margain call) in 1000pip gaps. But again, this requires an incredible amount of paitence which is why I (and you) need other avenues of income.
In the end, it all adds up.
In the end, it all adds up.