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Maximum favourable excursion/maximum adverse excursion. The maximum favourable and adverse distance a trade moved from your entry price. I noticed in testing a system recently that a handful of trades managed an MFE in excess of 10% but ended up being stopped out by the initial stop. I don't know if having a mechanism which moves the initial stop up before the trailing stop overtakes it would also take out good trades. I haven't coded it yet...its the next phase of my project

[QUOTE="theasxgorilla, post: 193428, member: 6099"] Maximum favourable excursion/maximum adverse excursion. The maximum favourable and adverse distance a trade moved from your entry price. I noticed in testing a system recently that a handful of trades managed an MFE in excess of 10% but ended up being stopped out by the initial stop. I don't know if having a mechanism which moves the initial stop up before the trailing stop overtakes it would also take out good trades. I haven't coded it yet...its the next phase of my project :) [/QUOTE]

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