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What is MAE / MFE?

Maximum adverse excursion (how far a trade went against you) and maximum favourable excursion (how far it went in your favour), usually recorded in R. Used to evaluate stops and exits.

In context

MAE / MFE — Maximum adverse excursion (how far a trade went against you) and maximum favourable excursion (how far it went in your favour), usually recorded in R. Used to evaluate stops and exits. [Ch 11]

From Reference: Glossary, Pre-Session Checklist, GC→XAUUSD Conversion and Contract Cheat Sheet

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Education only. Not financial advice. Trading involves substantial risk of loss.