Under the Account performace there is a windows for Trades
Under the Trades there are columns labeled MAE, MFE, and ETD What do these labels mean?










a

Average MAE MAE


where MAE (max. adverse excursion) is defined as |worst price trade reached – entry price|, quantity is defined as the number of contracts traded, and point value is defined as the monetary conversion of each point (e.g. 100 for currency pairs).


This statistic returns a value representing the average maximum run-down your strategy experiences. This information helps you gauge how poorly your strategy’s entry conditions predict upcoming price movement directions. A low percentage here is desirable since it would imply that the price movement after you enter a position follows the direction of your intended trade.


Average MFE

where MFE (max. favorable excursion) is defined as (best price trade reached – entry price), quantity is defined as the number of contracts traded, and point value is defined as the monetary conversion of each point (e.g. 100 for currency pairs).


This statistic returns a value representing the average maximum run-up your strategy experiences. This information helps you gauge how well your strategy’s entry conditions predict upcoming price movements. A high percentage here is desirable since it would imply high profitability opportunities.



Average ETDETD

This statistic returns a value that is useful in giving you a measure of how effective your exit conditions capture the price movements after your strategy enters a position. It shows you how much you give back from the best price reached before you exit the trade. A small number here is generally desirable since it would imply highly optimized exit conditions that capture most of the price movement you were after.


Example:
Enter long at $100
Market price rises to $110 so your MFE is now $110 - $100 = $10 or 10%
Market price declines to $107 and you exit your trade. ETD is now $10 - $7 = $3 or 3%
We know from the ETD that we gave back $3 in potential profit in this particular trade.


Hope this helps.

Mahlon

Other then this, what other columns should one look at?

I see people viewing the DrawDown important and the Percent Profitable important columns, are there any other columns that are just as important?

Also, when you look for a system should the Percent Profitable be above 50%?

Thanks

You don't need a system that wins more than 50% of the time in order for it to be very profitable or have a nice edge. Take a look at expectancy in the wiki and read some Van Tharp books for more.

However, you may need a system that wins more than 50% of the time in order for you to trade it. I mean live with it. Day in, day out. Some trading personalities do better when they are "right" (win) more than they are wrong, and if your personality is like this, then a higher win rate is probably more important.

With a higher win rate usually comes a lower R:R ratio, meaning your reward is usually lower. Whereas a strategy that has a lower win percentage usually has a higher R:R ratio, meaning the reward is usually greater. You'll have to find the right balance for your own trading style.

Mike

Big Mike 

You don't need a system that wins more than 50% of the time in order for it to be very profitable or have a nice edge. Take a look at expectancy in the wiki and read some Van Tharp books for more. However, you may need a system that wins more than 50% of the time in order for you to trade it. I mean live with it. Day in, day out. Some trading personalities do better when they are "right" (win) more than they are wrong, and if your personality is like this, then a higher win rate is probably more important. With a higher win rate usually comes a lower R:R ratio, meaning your reward is usually lower. Whereas a strategy that has a lower win percentage usually has a higher R:R ratio, meaning the reward is usually greater. You'll have to find the right balance for your own trading style. Mike

Thanks Mike will look into Van Tharp books

mahlonhersh 

Average MAE MAE where MAE (max. adverse excursion) is defined as |worst price trade reached – entry price|, quantity is defined as the number of contracts traded, and point value is defined as the monetary conversion of each point (e.g. 100 for currency pairs). This statistic returns a value representing the average maximum run-down your strategy experiences. This information helps you gauge how poorly your strategy’s entry conditions predict upcoming price movement directions. A low percentage here is desirable since it would imply that the price movement after you enter a position follows the direction of your intended trade. Average MFE where MFE (max. favorable excursion) is defined as (best price trade reached – entry price), quantity is defined as the number of contracts traded, and point value is defined as the monetary conversion of each point (e.g. 100 for currency pairs). This statistic returns a value representing the average maximum run-up your strategy experiences. This information helps you gauge how well your strategy’s entry conditions predict upcoming price movements. A high percentage here is desirable since it would imply high profitability opportunities. Average ETDETD This statistic returns a value that is useful in giving you a measure of how effective your exit conditions capture the price movements after your strategy enters a position. It shows you how much you give back from the best price reached before you exit the trade. A small number here is generally desirable since it would imply highly optimized exit conditions that capture most of the price movement you were after. Example: Enter long at $100 Market price rises to $110 so your MFE is now $110 - $100 = $10 or 10% Market price declines to $107 and you exit your trade. ETD is now $10 - $7 = $3 or 3% We know from the ETD that we gave back $3 in potential profit in this particular trade. Hope this helps. Mahlon

What ETD stands for?

Also wondering: What does ETD stand for?

dbooksta 

Also wondering: What does ETD stand for?

Extra-Terrestrial Drawdown. I've had a few alien account abductions so it must be true.

dbooksta 

Also wondering: What does ETD stand for?

ETD -> End Trade Drawdown

difference between mfe and your exit price (as above example showed)