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With that, you plug in the position size to determine risk of ruin rather than it telling you your position size. There's probably a risk of ruin calculator somewhere that will do that.
It wont help me, because Im developing a strategy without fixed profit in tick.
Target is hit in 40% trades, RR seems to be something around RR 1/2.2
In half year back test longest loosing streak was 6 times in row.
I just want to know probability to set proper size.
If you want to think about risk in general terms rather than a formula or excel sheet, some Nassim Nicholas Taleb books are worth reading. Provides for a compelling way of seeing risk in not just financial markets but in general.
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