hermes I use something very similar to this.

I have modified it to suit my systems.

Forget chasing losses by doubling up. That is disaster waiting to happen. My advice, if your system doesn't win at level stakes then a staking plan will bust your bank - sooner or later!

Staking plans increase risk but if your system is solid with level stakes profits, you can really convert say a 20% profit into a huge percentage...over a period of time.

The part I like about a plan like this, is that you really are chasing losses, but over a number of winning bets - rather than trying to make up the shortfall with the very next bet.

Also hermes don't bet more than 1% of your bank to start with especially with an increasing staking plan such as this.

Hope my advice is useful in some way.