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What is "Total Efficiency"?


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  #1 (permalink)
 
GaryD's Avatar
 GaryD 
Orlando, Florida
 
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I played with an NT graph today called Total Efficiency, with red and green arrows scatterd throughout. I amd pretty sure I understand that is showed my winning and losing trades spread out, but I don't understand how to read it and gain anything from it.

Is the "efficiency" relative to the orignal profit and stop loss, assuming it is a bracketed order?


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 Big Mike 
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Post a chart?

If I remember correctly from my NT days, I think it is based on the efficiency of your MAE and MFE, like how close you exited a profitable trade to the maximum favorable excursion of that trade.

But could be completely wrong...

Mike




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From NT help:



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  #5 (permalink)
 
Big Mike's Avatar
 Big Mike 
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  #6 (permalink)
 
GaryD's Avatar
 GaryD 
Orlando, Florida
 
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Gary View Post
From NT help:



Gary



Gary, thanks so much for that. It actually is something I would be interested in watching now that I understand it. I guess that means I should have searched NT myself first though. Sorry for the trouble.


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Last Updated on March 23, 2012


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