Max and Min price reached in every trade Indicator / EA

Hi Guys,

Have you ever found or needed an EA/Indicator that after closing the trade would give you a result of maximum and minimum price reached?

In the end you know you bought at 1.3010 and sold at 1.3030 and made 20 pips, but how high it went and and how low it'd gone during the whole trade? That would be good to fine tune a system.

Thanks,
Erick

Well i don't see the point why would someone need that kind ea , you can look at the candles yourself and see what price was reached ...

This sounds like a good way to mess up your head for a long time. Years ago I remember taking a trade to within 2 pips of the reversal. After that I started to try repeating that with every trade. In my mind a losing trade was one when I left more than 10 pips on the table even if I made 20 or 30. It took a long time to be satisfied with what I had, forget about the last trade as soon as possible and focus on the next one.

Hi All,

It looks like MyFXBook now has this feature.
It is an important feature in my opinion, if you trade the same strategy and normally risk the same amount of pips, it is good to know how many times you nailed your entry and had a minimum draw down.

Cheers,
Erick

this is called MAE and MFE, is not new, and yes it is useful... amongst other metrics. it's also terribly easy to calculate.