Support Board
Date/Time: Thu, 28 Nov 2024 22:46:04 +0000
Average FlatToFlat Trade Open Profit/Loss question
View Count: 1800
| [2021-02-11 12:55:53] |
| User247273 - Posts: 37 |
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Perhaps I'm missing it somewhere, but I don't see a way to view the following stats in the Trade Avtivity>>Statistics tab: - Average FlatToFlat Trade Open Profit - Average FlatToFlat Trade Open Loss Is there a setting somewhere I need to change in order to see those? If those stats aren't available, would Sierra consider adding them? |
| [2021-02-12 22:51:08] |
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We will check on these.
Sierra Chart Support - Engineering Level Your definitive source for support. Other responses are from users. Try to keep your questions brief and to the point. Be aware of support policy: https://www.sierrachart.com/index.php?l=PostingInformation.php#GeneralInformation For the most reliable, advanced, and zero cost futures order routing, *change* to the Teton service: Sierra Chart Teton Futures Order Routing |
| [2021-02-15 14:20:39] |
| John - SC Support - Posts: 36350 |
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From what we can tell, it sounds like you would want to look at the following entries: - Average Flat To Flat Winning Trade - Average Flat to Flat Losing Trade If these are not what you are looking for, then we would need a description of the calculation you want. For the most reliable, advanced, and zero cost futures order routing, use the Teton service: Sierra Chart Teton Futures Order Routing |
| [2021-02-17 18:33:59] |
| User247273 - Posts: 37 |
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Thanks for getting back to me. Those stats aren't the info I'm looking for. I'll try to describe the calculations. Regardless of whether a trade results in a win or loss, there is always a fluctuation of open P&L during the position. That's what this calculation is designed to examine. Calculating Average FlatToFlat Trade Open Profit - Step 1: For each flat to flat trade, calculate the maximum unrealized profit reached during the trade. - Step 2: Sum the results from step 1. - Step 3: Divide the result from step 2 by the total number of flat to flat trades. Calculating Average FlatToFlat Trade Open Loss - Step 1: For each flat to flat trade, calculate the maximum unrealized loss reached during the trade. - Step 2: Sum the results from step 1. - Step 3: Divide the result from step 2 by the total number of flat to flat trades. I've typically seen these stats referred to as MFE (maximum favorable excursion) and MAE (maximum adverse excursion). Here's a description from Optimus Futures in case that helps clarify things any further (source link at end of quote) OPTIMIZING ORDER PLACEMENT
Maximum Adverse Excursion (MAE) The MAE is the largest experienced loss during a trade; it measures how far price went against you. For example, for a long trade with an entry at $100 and a lowest price of $94 during the duration of that trade, you had a $10 MAE – with a stop at $90, the MAE could be expressed as 60%. The MAE measurement can be used to analyze the effectiveness of stop placement. A trader with a very low overall MAE could potentially increase his expectancy and the size of his winners by using a tighter stop. However, adjusting stop size has to be done with care since a tighter stop usually leads to a higher loss rate. Maximum Favorable Excursion (MFE) The MFE is the opposite of the MAE and it measures the largest observed profit during a trade. A high MFE on losing trades shows that price went close to the profit taking level, before turning and running into the stop loss. A trader could then, potentially, improve his approach by using profit targets that are a little more conservative. Again, adjusting order placement has to be done with care. A tighter profit taking approach leads to a reduced expectancy. A trader, thus, has to find the right balance between using a smaller take profit level to avoid giving back profits and not reducing his overall expectancy at the same time. source: https://optimusfutures.com/tradeblog/archives/the-metrics-to-help-you-improve-your-trading |
| [2021-02-17 18:47:59] |
| John - SC Support - Posts: 36350 |
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The MAE and MFE are available in the Trade Statistics. They are called the following: - Maximum FlatToFlat Trade Open Profit - Maximum FlatToFlat Trade Open Loss But, these are the Maximum values across all the trades, and match what you copied from Optimus Futures. If you are really looking for the "Average Maximum FlatToFlat Trade Open Profit" (and Loss) then we do not have those statistics. For the most reliable, advanced, and zero cost futures order routing, use the Teton service: Sierra Chart Teton Futures Order Routing |
| [2022-12-16 20:31:59] |
| User624595 - Posts: 207 |
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If you are really looking for the "Average FlatToFlat Trade Open Profit" (and Loss) then we do not have those statistics.
This would be a very useful statistic for improving trading performance with size. Can you add these two calculations to the Statistics? Date Time Of Last Edit: 2022-12-16 20:32:39
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| [2023-03-22 00:45:21] |
| User228605 - Posts: 1 |
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I'd like to second that request. It can help help a lot with trader development. Specifically, adding: "Average Maximum FlatToFlat Trade Open Profit" (and Loss).......for both winning and loosing flat to flat trades. Thank you all for your hard work on the platform, I'm really enjoying it so far. |
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