In my opening post, I did say I will not be posting indicators as it tends to take away from what one needs to be seeing. However, adding a MA or two can focus the mind on where the trend has been. Yes, where 'trend has been'. There is no indicator that can tell you where the price is going next. All indicators use historical data and summarise.
In my experience, if you risk 1/1000th of your account balance, you stand a good chance to fight another day.
So, if you have $10,000 account, your total open position should not be greater than 1 standard lot.
Similarly, if you have a drawdown of greater than 20% then you are heading for a disaster.