Support Board
Date/Time: Mon, 03 Feb 2025 13:57:38 +0000
Post From: Emailed Question
| [2015-04-07 21:13:47] |
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By definition the efficiency is a percentage but I am not understanding what is it based on? What is it using to measure the percentage? * Entry Efficiency: A percentage between 0 and 100% identifying how close the entry price came to being the perfect price based on the price range of the symbol being traded, during the duration of the Trade. For example, for a long trade, buying the low tick of the price range that existed during the Trade will be 100% entry efficiency. If a Trade had a Drawdown, the Drawdown reduces the Entry Efficiency. * Exit Efficiency: A percentage between 0 and 100% identifying how close the exit price came to being the perfect price based on the price range of the symbol being traded, during the duration of the Trade. For example, for a long trade, selling the high tick of the price range that existed during the Trade will be 100% exit efficiency. If a Trade had a Runup beyond the final closed profit, the Runup reduces the Exit Efficiency. Sierra Chart Support |