Maximize Your Strategy Profitability: Using Maximum Favorable Excursion and Maximum Reward for Better Take-Profit Placement
How to Effectively Analyze Your Trades
Have you ever taken profits, only to watch the price keep moving without you, missing out on extra return?
Is your take profit as accurate as it could be?
Welcome to part two of the series, “Maximize Your Strategy Profitability.” In the last post, we discussed MAE to improve stop-loss placement and help you preserve more capital. Today, we’re diving into MFE and Max R to help you fine-tune your take profit and get more from the market.
We’ll cover how to use these metrics step by step, so you can maximize your positions and stop missing out on profits.
If you want to enhance your trading strategy’s performance, this post is for you!