But look, here is what people so often miss.
Almost everyone on these sort of forums is trying to shoot the lights out. To grow rich and retire on the proceeds of speculation. And nothing wrong with that.
I believe the mistake they usually make however is that they assume huge returns will come with modest volatility and drawdown - I do not believe that to be the case.
Even the great Medallion Fund is a pretty hairy ride.
The real problem for people with less experience is that they invent rules and change parameters so that in back testing their goal is achieved - high return for low vol and dd.
In my own experience at least, this does not come to pass. I have experienced the horrors of curve fitting at first hand. I have been guilty of leading myself up this naive garden path in the past.
Instead of cooking the books, in my view one is better off doing one of two things. Or a combination of both. Above I quoted a backtest yielding a CAGR of 98% for a mad DD of 76%. Such impressive results may well not come to pass, but since the tests were based on one simple parameter, provided option sellers continue to demand a reasonable premium for selling call options the VIX, I am working on the assumption that the trade will not entirely fail.
That being the case if you can't survive a 76% or worse drawdown (who can?) you have two reasonable options.
Trade for peanuts - maybe that is $10,00 in my case, or $100,000 in your case. If you compound, your money grows 30 times in 5 years (in your dreams!). At that stage 76% drawdowns get very destabilising so take some money off the table.
Or look at it another way. Take your entire trading capital and reckon you will devote 10% to this high risk scheme. Leave the rest in a bunch of low risk, short dated bond funds. Every month, quarter or year rebalance to maintain the 10/90 split. Over the long term you would achieve 10 or 11% on your capital for single digit volatility drawdown and single digit volatility.
In short my own feeling is that it is misguided to twist the parameters and add rules. Accept such a scheme for what it is (horribly risky and volatile) and trade small.
Not many people will care for my suggestion.