AVerage MAE, MFE, ETD

[gg80108]

Is there any explanation on the meaning of these terms.. MAE MFE, ETD.. The explanation I have read for MFE :

Maximum Favorable Excursion is what was the maximum profit that the trade had before the trade closed .. I have a strategy that puts an automatic target so I would expect the MFE number to be close to my target of 6 tics but the MFE 8.62 tics,, is this positive slippage?

MAE 8.56
MFE 8.62
ETD 7.53

is this good or ???

[NinjaTrader_Bertrand]

Hi gg80108,

Please take a look here - http://www.ninjatrader-support.com/H...verageMFE.html

Good or bad is relative, but the number suggests you might want to try also a 7 or 8 tick target, because that is the average runup in profit your strategy is generating.