We trade ES futures using a 5 step hybrid martigale system hedged with options. In essence its a 54 contract trade that scales in and out averaging down costs to exit either profitably or the entire tradeset hits a safety stop. Future options hedge the tradesets reducing losses. Trade Long and short tradesets concurrently with a range of 25 points. Profitable exits as long as market checks up 5 points every 25 points. We stop out and take the loss when the market exceeds are programmed trading range. We have blown out many accounts trying to avoid taking the inevitable runaway loss. Discipline... Set hard and fast session limits. 3 strike outs and close down trading for the session. Lots of $100 - $2500 winners and each stop out is about a $10K loss. (Manageable risk) Overall returns are decent when ES stays inside of 50 point session swings. Inevitably we are drawn down and forced to stop out. Important: your Risk objective is not to avoid the loss but to mitigate the damages. Using future options to hedge each tradeset you can reduce your loss to 1/3. ie. Contract Add increments 1 - Enter Long or Short at market Add 1 - 5 points Add 4 - 7.5 points from average cost (Buy options hedge) Add 12 - 7.5 points from average cost Add 36 - 7.5 points from average cost Safety Stop entire tradeset at 25 points from entry. Exit set at 1.5 points with 1 point trail stop. This is a very fast game that should be autotraded... Lots of trades, calculations and transactions. Avoid temptation to interfere based on chart indicators.