MFE/MAE analysis | Forex Factory

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MFE/MAE analysis

  • #1
  • First Post: Jul 7, 2010 9:06am Jul 7, 2010 9:06am
Hello guys, i have a problem with MFE/MAE analysis. English isnīt my native language, so i will try to explain what i want to know:

I do daytraiding on 5min TF.
My exits are: Neither 2 reversal bars nor SL on S/R levels

Screenshot1:
If i do this analysis, do i need complete trading plan also with exits like on screenshot1? or to do this i only need entrys? Who knows please explain me it. Please try me what i ask on picture, and where is exactly MAE?

Screenshot2:

Another question is: if i have SL like on this screenshot2, where is MAE



Thanks ;-) hope you will understand me
Attached Image(s) (click to enlarge)
Click to Enlarge Name: screenshot1.jpg Size: 419 KB
Click to Enlarge Name: screenshot2.jpg Size: 383 KB
  • #2
  • Jul 8, 2010 5:53am Jul 8, 2010 5:53am
Is here somebody, who could help me??? :-/
  • #3
  • Jul 8, 2010 8:31am Jul 8, 2010 8:31am
Quoting petertrader
Is here somebody, who could help me??? :-/
I'm a noob, what's an MAE and an MFE please?
  • #4
  • Jul 8, 2010 9:12am Jul 8, 2010 9:12am
Quoting pipmutt
I'm a noob, what's an MAE and an MFE please?
Haha that kept me from replying too. Didn't want to make me look like a noob after trading for over 5+ years.
  • #5
  • Jul 8, 2010 9:58am Jul 8, 2010 9:58am
Quoting TJPLD
Haha that kept me from replying too. Didn't want to make me look like a noob after trading for over 5+ years.
  • #6
  • Jul 8, 2010 10:46am Jul 8, 2010 10:46am
I mean maximum favorable excursion and maximum adverse excursion

for instance there is it explained http://www.fibonaccitrader.com/HELP4...AE/default.htm

but probably i dont understand properly this analysis,

who knows, please help me :-)
  • #7
  • Jul 8, 2010 2:45pm Jul 8, 2010 2:45pm
Quoting petertrader

who knows, please help me :-)
Dunno really, looks like the MAE is the biggest drawdown a trade had while it was open, and the MFE is the biggest gain it had while it was open, it shouldn't be too hard to calculate.

A more interesting question would be what do you intend to do with this MFE and MAE information?
  • #8
  • Jul 9, 2010 3:18am Jul 9, 2010 3:18am
Yes you are right, please take a look on my screenshots and try to answer my query, which i ask on the picture...thanks
  • #9
  • Jul 9, 2010 4:39am Jul 9, 2010 4:39am
Quoting petertrader
Yes you are right, please take a look on my screenshots and try to answer my query, which i ask on the picture...thanks
Try to think about what you're trying to calculate and understand it, then you won't need to ask.

At what price did you enter the trade?
How far did price move against, and/or in favour of your trade?
  • #10
  • Edited 2:12pm Jul 9, 2010 11:54am | Edited 2:12pm
Thanks for the idea to google this stuff. I'd heard of it once before on ff.

One trade's MFE, MAE are within its time range:

Attached Image (click to enlarge)
Click to Enlarge Name: mfe mae thread post 1.jpg Size: 91 KB


Thus, an average MFE or MAE as 'day maximum (minimum)' average within trades that day and in % first, not the chart's day and in prices.
Unsure where SL, TP go with them, and where an average MFE,MAE is per account.
Mix-and-match stop types do look fun, if have a read on bigger area. Trade history, volatility indicators, and a specific time (at some brokers) are a few. Info here.
  • #11
  • Jul 11, 2010 4:07am Jul 11, 2010 4:07am
Quoting ha-pattern
Thanks for the idea to google this stuff. I'd heard of it once before on ff.

One trade's MFE, MAE are within its time range:

Attachment

Thus, an average MFE or MAE as 'day maximum (minimum)' average within trades that day and in % first, not the chart's day and in prices.
Unsure where SL, TP go with them, and where an average MFE,MAE is per account.
Mix-and-match stop types do look fun, if have a read on bigger area. [url="http://www.ninjatrader-support.com/HelpGuideV6/helpguide.html?AverageMFE"][color=Black]Trade...
Thanks mate, this helped me ;-) i get it
  • #12
  • Jul 11, 2010 11:30am Jul 11, 2010 11:30am
ha-pattern,

Could you answer on my question on the second picture? MAE should be on SL, isnt it?
  • #13
  • Jul 11, 2010 3:58pm Jul 11, 2010 3:58pm
LOL... I was like wtf is MFE/MAE.. Whew.. We learn new things everyday..

For me I like simple.. Hope you find your solution.
  • #14
  • Aug 10, 2010 9:37am Aug 10, 2010 9:37am
Here's a lil suntin that'll do MAE/MFE:

http://codebase.mql4.com/en/2724
You are in a maze of twisty little passages, all alike.
  • #15
  • May 2, 2021 5:39am May 2, 2021 5:39am
Quoting stevegee58
Here's a lil suntin that'll do MAE/MFE: http://codebase.mql4.com/en/2724

Except it doesn't work
He was looking for the card so high and wild hed never need to deal another
  • #16
  • Last Post: May 5, 2021 3:49am May 5, 2021 3:49am
At last I found the best solution. That of Quantanalyser. This is a fabulous piece of kit which has both free and paid for options. Personally I think he offers far too much in the free version but that's up to the coder. I'm getting the Pro version as I need to be able to see all the real drawdowns and the free version only shows the first 30% of the history for that data.
The great thing is you can merge reports and create a variety of portfolios that you can then tweak to optimise. It's by far and away the best MT4 (or other) report analysis software out there imo...

https://strategyquant.com/quantanalyzer/
He was looking for the card so high and wild hed never need to deal another
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