Jared,
My plan with new COT positions is to buy them when they give signals and risk 2% of equity with a three times ATR stop. That will determine the percentage of equity for that position.
So let's say the first position represents 25% of equity. And the next one is 35% of equity. The next one 15% of eqity, etc. How far the stop is from the entry price will detemine the percentage of equity, risking 2%. When the total number of positions reach 100% of equity I can't buy any more and will have to just ingnore new buy signals until one of the existing positions is sold. But the maximum number of positions will be based on the percentage of equity each position represents.
The ATR Trading strategy is a good example of how it will work.
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