Risk Management Protocols

Below is a non optimized or risk managed HLA system (in fact, its the new EURUSD Forex system) running on ES 1 minute data. The ideas was to make a real system trade badly. So, there are a few drawdown trades. Using stops would have eliminated a substantial portion of the profitable trades that the system did execute - so they would not really have been risk management after all. So, there is a major problem. How can you trade without stops?

Below is the same system with the PLLimits engine managing profit and loss rules for hourly and daily trading. 

Below is the result of driving the PLController module with PLLimits processed risk decisions.

The objective here was not to make a perfect system. In fact it was quite the opposite. The objective was to manage a highly imperfect system without constraining trade decisions or resorting to stops.