Reading the Account Performance/Trading - NinjaTrader | futures io social day trading
futures io futures trading


Reading the Account Performance/Trading
Updated: Views / Replies:5,408 / 8
Created: by alpine4133 Attachments:0

Welcome to futures io.

(If you already have an account, login at the top of the page)

futures io is the largest futures trading community on the planet, with over 90,000 members. At futures io, our goal has always been and always will be to create a friendly, positive, forward-thinking community where members can openly share and discuss everything the world of trading has to offer. The community is one of the friendliest you will find on any subject, with members going out of their way to help others. Some of the primary differences between futures io and other trading sites revolve around the standards of our community. Those standards include a code of conduct for our members, as well as extremely high standards that govern which partners we do business with, and which products or services we recommend to our members.

At futures io, our focus is on quality education. No hype, gimmicks, or secret sauce. The truth is: trading is hard. To succeed, you need to surround yourself with the right support system, educational content, and trading mentors – all of which you can find on futures io, utilizing our social trading environment.

With futures io, you can find honest trading reviews on brokers, trading rooms, indicator packages, trading strategies, and much more. Our trading review process is highly moderated to ensure that only genuine users are allowed, so you don’t need to worry about fake reviews.

We are fundamentally different than most other trading sites:
  • We are here to help. Just let us know what you need.
  • We work extremely hard to keep things positive in our community.
  • We do not tolerate rude behavior, trolling, or vendors advertising in posts.
  • We firmly believe in and encourage sharing. The holy grail is within you, we can help you find it.
  • We expect our members to participate and become a part of the community. Help yourself by helping others.

You'll need to register in order to view the content of the threads and start contributing to our community.  It's free and simple.

-- Big Mike, Site Administrator

Reply
 
Thread Tools Search this Thread
 

Reading the Account Performance/Trading

  #1 (permalink)
Just starting out...
Anderson IN usa
 
Futures Experience: Intermediate
Platform: NinjaTrader
Broker/Data: Zen-Fire
Favorite Futures: ES, EUR/USD
 
Posts: 16 since Aug 2009
Thanks: 2 given, 3 received

Reading the Account Performance/Trading

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

Reply With Quote
The following 2 users say Thank You to alpine4133 for this post:
 
  #2 (permalink)
Elite Member
Arizona
 
Futures Experience: Intermediate
Platform: NinjaTrader
Broker/Data: Mirus/Zen-Fire
Favorite Futures: ES
 
Posts: 154 since Jun 2009
Thanks: 708 given, 168 received

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

Reply With Quote
The following 8 users say Thank You to mahlonhersh for this post:
 
  #3 (permalink)
Elite Member
london uk
 
Futures Experience: Beginner
Platform: NinjaTrader
Broker/Data: Zen-Fire
Favorite Futures: Stocks
 
tellytub's Avatar
 
Posts: 409 since Jun 2009
Thanks: 333 given, 118 received


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

Reply With Quote
 
  #4 (permalink)
Site Administrator
Manta, Ecuador
 
Futures Experience: Advanced
Platform: My own custom solution
Favorite Futures: E-mini ES S&P 500
 
Big Mike's Avatar
 
Posts: 46,240 since Jun 2009
Thanks: 29,355 given, 83,237 received

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

Due to time constraints, please do not PM me if your question can be resolved or answered on the forum.

Need help?
1) Stop changing things. No new indicators, charts, or methods. Be consistent with what is in front of you first.
2) Start a journal and post to it daily with the trades you made to show your strengths and weaknesses.
3) Set goals for yourself to reach daily. Make them about how you trade, not how much money you make.
4) Accept responsibility for your actions. Stop looking elsewhere to explain away poor performance.
5) Where to start as a trader? Watch this webinar and read this thread for hundreds of questions and answers.
6)
Help using the forum? Watch this video to learn general tips on using the site.

If you want
to support our community, become an Elite Member.

Reply With Quote
The following 3 users say Thank You to Big Mike for this post:
 
  #5 (permalink)
Elite Member
london uk
 
Futures Experience: Beginner
Platform: NinjaTrader
Broker/Data: Zen-Fire
Favorite Futures: Stocks
 
tellytub's Avatar
 
Posts: 409 since Jun 2009
Thanks: 333 given, 118 received


Big Mike View Post
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

Reply With Quote
The following user says Thank You to tellytub for this post:
 
  #6 (permalink)
Banned: Piracy
Magadan Russia
 
Futures Experience: Master
Platform: NT
Favorite Futures: FDAX
 
Posts: 79 since Nov 2010
Thanks: 17 given, 14 received


mahlonhersh View Post
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?

Reply With Quote
 
  #7 (permalink)
Trading Apprentice
NYC, NY
 
Futures Experience: Advanced
Platform: NinjaTrader
Favorite Futures: Stocks
 
Posts: 1 since Apr 2014
Thanks: 1 given, 0 received

Also wondering: What does ETD stand for?

Reply With Quote
 
  #8 (permalink)
Elite Member
Birmingham UK
 
Futures Experience: Intermediate
Platform: NinjaTrader
Broker/Data: IG/eSignal
Favorite Futures: Dax
 
ratfink's Avatar
 
Posts: 3,340 since Dec 2012
Thanks: 11,283 given, 7,092 received


dbooksta View Post
Also wondering: What does ETD stand for?

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

Travel Well
Reply With Quote
The following 3 users say Thank You to ratfink for this post:
 
  #9 (permalink)
Elite Member
Hanover, Germany
 
Futures Experience: Beginner
Platform: NinjaTrader
Favorite Futures: Crude Oil
 
Scalpingtrader's Avatar
 
Posts: 1,440 since Apr 2014
Thanks: 1,734 given, 3,075 received


dbooksta View Post
Also wondering: What does ETD stand for?

ETD -> End Trade Drawdown

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

Reply With Quote
The following 5 users say Thank You to Scalpingtrader for this post:

Reply



futures io > > > > Reading the Account Performance/Trading

Thread Tools Search this Thread
Search this Thread:

Advanced Search



Upcoming Webinars and Events (4:30PM ET unless noted)

Jigsaw Trading: TBA

Elite only

FuturesTrader71: TBA

Elite only

NinjaTrader: TBA

Jan 18

RandBots: TBA

Jan 23

GFF Brokers & CME Group: Futures & Bitcoin

Elite only

Adam Grimes: TBA

Elite only

Ran Aroussi: TBA

Elite only
     

Similar Threads
Thread Thread Starter Forum Replies Last Post
Reading account value arjfca EasyLanguage Programming 2 April 7th, 2013 12:33 PM
Account size when trading multiple instruments jstnbrg Psychology and Money Management 39 January 18th, 2011 01:17 PM
Incorrect account performance on N7 fxprobie Traders Hideout 4 August 24th, 2010 09:21 AM
NinjaTrader Account Performance Tabissues Gabe2004 NinjaTrader 1 December 2nd, 2009 08:27 AM
Account Performance alpine4133 NinjaTrader 2 September 12th, 2009 01:59 PM


All times are GMT -4. The time now is 07:31 PM.

Copyright © 2017 by futures io, s.a., Av Ricardo J. Alfaro, Century Tower, Panama, +507 833-9432, info@futures.io
All information is for educational use only and is not investment advice.
There is a substantial risk of loss in trading commodity futures, stocks, options and foreign exchange products. Past performance is not indicative of future results.
no new posts
Page generated 2017-12-17 in 0.15 seconds with 19 queries on phoenix via your IP 54.163.209.109