Failuresfx Managed

Sharing some good signals.

USDJPY Daily chart sell.

“Failuresfx”? Strange choice of name

Possibly something to do with this from another website:

"Now, I have done the tests and I am ready for the next chapter. I need more capital to scale up. It is temporary though, so grab this opportunity to invest while you can. I can assure you that this is a reliable forex managed account service.

My fee is 50% of the profit based on high-water mark. Your capital will be under your name at a regulated brokerage.

If you have any questions you can contact me…"

there again, maybe not…:thinking:

Current trades.

Yeah it is strange. I guess. There is a reason behind it though. I find it catchy yet meaningful; at least to me :slight_smile:

GBPCHF Daily Sell

EURCHF Daily chart sell

Which system is better high probability or high risk to reward ratio?

What do you mean by high probability? Is it 40%, 60%, 90%? Well, you can be profitable even if you only win 20% of your trades. You just need to make sure that your trades are at least 1:9. That way, one winning trade would wipe the other 9 losses.

Let us do an example. Over the course of a month you risked 1% per trade stop loss. You made 100 trades and for every 5 losses you win 1 trade. By the end the month, you are up by 80% despite losing 80% of the trades. This is because you risked 1 to make 9.

Does this means high risk to reward ratio is better? No. Why not?

Because you can make the same case for high probability. You can have a system that has RR of 9:1 and your probability of winning 80%. It would have the same result as the above.

Please correct me if I am wrong. Below is a real life example.

From ‘Insights into High Frequency Trading from the Virtu IPO’ by WSJ,

In the June 4th, 2014 Bloomberg article, Virtu CEO Doug Cifu states that “51 to 52%”
of Virtu’s trades are profitable. Given the granularity of trading by a market maker, in
which one is trying to win of order one spread ($0.01) per share, there is an unmentioned
subtlety in this statistic, because at first glance, it implies that 48 to 49% of Virtu’s trades
are unprofitable. The key point, however, is that if 51 to 52% of trades are profitable (i.e.
earn one $0.01 bid-offer spread per share), the remaining 48-49% must be apportioned
between trades that are unprofitable and trades that scratch out (have net zero profitability,
or which are very slightly negative due to exchange fees and SEC fees). For purposes of
order-of-magnitude estimation, we can assume that among the 48-49% of non-profitable
trades, approximately half will scratch out exclusive of fees, and half will lose of order one
spread.

Assume a 51% win rate, a 24% lose rate, and 25% scratches. This implies an average
profit of

hPi = .51 × 0.01 − .24 × 0.01 = $0.0027/share

Virtu’s IPO filing states that trading income from Americas Equities is ∼$440K/day,
and this is ∼30% of their recent total daily trading income across all instruments. Given the above profit estimate of $0.0027/share, this implies that Virtu trades ∼160 million shares per day. Current US equity volume is ∼5 billion shares per day, which would put Virtu at ∼3% of the US stock market. Volumes were somewhat lower during the period described in the IPO, and so on many days, Virtu would have been ∼5% of the total US equity market.

It also suggests (if other major participants, e.g. Jump Trading, Teza Technologies, Tower Research Capital, etc. have similar per-share profitability), that current HFT US Equity income is of order $10M per day and $2.5B per year before fees and technology costs.

Gbpusd daliy sell

Current trades
https://www.fxblue.com/users/failuresfx

usdchf daily sell

Chfjpy buy

Current trades
https://www.fxblue.com/users/failuresfx

Nzdusd daily sell

Usdjpy sell daily

Cadjpy buy daily

Gbpaud buy daily

Gbpnzd daily buy

Current trades
https://www.fxblue.com/users/failuresfx

It has been a while since I posted stuff. Hi people.

New and improved
https://www.myfxbook.com/members/failuresfx/failuresfx-1/3247474

About a month has passed since I started the account. The result is pretty good.