Who has MFE and MAE functions built in?

[systematictrader]

Oh good. I own amibroker. I guess I've never seen it because I don't write my systems on that. Excellent news thank you

I employ it similarly. I also design risk solely around certain averages and rolling wins/losses of the system.

where do u write ur systems??

also can u expand on this please
. I also design risk solely around certain averages and rolling wins/losses of the system.

 

[tradegee]

In all of my trading, I have never looked at MAE and MFE figures, aside from a cursory glance. They will not help my trading in any way. It's just a BS plugger to get folks to "oooh" and "ahhh" about a piece of software analysis.

I don't need to see how much I could have made or lost on each trade after I closed it at it's target. (I can see that by continuing to watch the market for a few minutes). That is a road to ruin, that idea.

"Wow! If I had not followed my rules, I could have made 30 more tics!"

"Wow! If I had not followed my rules, I could have lost 30 more tics!"

See? It is a pointless statistic. USELESS!

In all your years of trading, you never managed to understand MAE and MFE. That is the only certain thing here.

 

[ElectricSavant]

I do not understand MAE & MFE the way you explain. I marked in red in your quote what I am questioning. I understand MAE & MFE to be tracking your actual trades not what could have been...this info is quite helpful if you want to tighten up your system.

ES

In all of my trading, I have never looked at MAE and MFE figures, aside from a cursory glance. They will not help my trading in any way. It's just a BS plugger to get folks to "oooh" and "ahhh" about a piece of software analysis.

I don't need to see how much I could have made or lost on each trade after I closed it at it's target. (I can see that by continuing to watch the market for a few minutes). That is a road to ruin, that idea.

"Wow! If I had not followed my rules, I could have made 30 more tics!"

"Wow! If I had not followed my rules, I could have lost 30 more tics!"

See? It is a pointless statistic. USELESS!