Exactly, only risk what you can afford to. I would not risk more than 3% on one trade and no more than 9% of my overall portfolio.
I back tested October using H1 slope direction, 12-2pm GMT box, only allowing a breakout upto 3 hours max after end of box. Taking entries on m30 chart. Entries were with a 10 pip buffer (+spread in addition to this).
Paris: EU, GU, EJ, A/USD, U/CAD
Results: TP:50 SL:10 = +1150pips
TP:50 SL:50 = +750pips
I back tested October using H1 slope direction, 12-2pm GMT box, only allowing a breakout upto 3 hours max after end of box. Taking entries on m30 chart. Entries were with a 10 pip buffer (+spread in addition to this).
Paris: EU, GU, EJ, A/USD, U/CAD
Results: TP:50 SL:10 = +1150pips
TP:50 SL:50 = +750pips