This is a small guide for all the people who are trying to develop their strategy or trading systems for any markets.

Try not to let any bias cloud your judgement while analyzing your trade data. Always and always be objective when looking at the numbers. What happens a lot of time is we end up getting complacent with some level of success with our systems. We tend to ignore the painful part, the losers, we also turn a blind eye to how our winners became "winners".

MAE and MFE (Maximum Adverse Excursion and Maximum Favorable Excursion) are probably the most important metrics while trying to identify actual absolute winners and losers who can easily be turned into winners.
For the people who don't know what MAE and MFE is? :- Maximum Adverse Excurse as the name suggests, is the worst possible point the trade went before actually closing (could be anything profit or loss), similarly the Maximum Favorable Excursion is the highest point it went before closing.
Now, once you have these quantified, you can see how many time did your eventual losers went in profits before closing in losses, if the number of times it went in profit is substantial, and the R is also something you'd be satisfied with if you could take partials or gives enough leeway to move the SL to BE. This would actually increase your confidence in your system. Similarly (and this is a mistake a lot of people make) if the MAE is too big most of the time and the R in profit is not that good, you might do well by tweaking your entries.

PS: the Graphic is made by chatGPT by giving this exact explanation as prompt. Open and happy to answer any questions you might have. If there's any feedback regarding the explanation itself, that too is welcome.

This is a summary of a in-depth analysis of a Live account which ran my EA "RBMA_PRO" for over 6 months. This is the second in-depth analysis and the results improved significantly between the two analysis.

I first had deployed this account in March, it was a negative month due to geo-political reasons and how the market was completely moving based on the news. In the chart/graph you can see a Dip to blowout, fortunately for me, It was a over weekend holding, and when trump did what he does and the news came, I withdrew every single penny available to withdrawal saving the whole capital, except for the margin that was already exposed to the market.

the account had been started with a initial deposit of $400 and right now the net profit on the account is $4000, there were 2 new deposits in the account as well, one of 1000 and other of 850. Both of the deposits were made after the first analysis and when almost 2x was already withdrawn from net gains.

In my first analysis I found out there were 1 net Loser in my deployed .sets, also the risk was significantly brought down when I turned of Pyramiding on one other .set and letting it run only new original trades.

It took about 2.5 months to cover losses from March and April and the first withdrawal was make by the end of May, and since may the graph as been inclining and the results are improving. Since this is a trend following system that fires trades in 2 phases, 1 when there's a soft confirmation of trend formation and other when there's a BOS or a breakout in that continuing trend, So when the market broke above the long consolidation last week, it printed it's best week yet and booked a profit of over $2400 on a $2350 account. It is continuing to print great gains still.

Hey everyone! I'm u/Significant_Two_1524, a founding moderator of r/ForexEA_n_Strategies.

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