Trade Excursion: Analyzing Realized Profit from Your Trading History (MFE/MAE)
Info
The Trade Excursion: Analyzing Realized Profit from Your Trading History (MFE/MAE) is a Indicator for MetaTrader 5 that your trading statement shows the profit or loss realized from each trade, but it doesn't reveal the full profit potential or the extent of drawdown experienced during the trade. This indicator analyzes your closed trades from your account history.
Usage
This tool is typically used for enhancing chart analysis and decision making.
Platform
This Indicator works exclusively on MetaTrader 5 (both build 600+ and newer versions).
Setup
Place the downloaded file in MQL5/Indicators folder via File ? Open Data Folder in MetaTrader 5.
How to Install and Use Trade Excursion: Analyzing Realized Profit from Your Trading History (MFE/MAE)
1. Installation: Place your file in the MQL/Indicators folder via "Open Data Folder" and restart your terminal.
2. Loading: Find the indicator in the Navigator, drag it onto your chart, and configure the input parameters in the popup window.
3. Customization: Press Ctrl+I to open the indicator list, select your tool, and click "Properties" to change colors, levels, or visual styles.
4. Updating: Replace the old file in the Indicators folder with the new version and restart the platform to apply changes.
Frequently Asked Questions
Q: Why is my indicator not showing? A: Verify the file is in the MQL/Indicators folder, or try right-clicking the "Indicators" tree in the Navigator and clicking "Refresh."
Q: Do custom indicators slow down the platform? A: Too many complex indicators can impact performance; remove unused ones via the "Indicator List" (Ctrl+I).
Q: Can I use MT4 indicators on MT5? A: No, MQL4 and MQL5 are distinct languages; ensure the indicator is compiled specifically for your platform version.
What this tool does
Your trading statement shows the profit or loss realized from each trade, but it doesn't reveal the full profit potential or the extent of drawdown experienced during the trade.
Typical Use Case
This Indicator excels in automated trading and technical analysis on MetaTrader 5.
Compatible Platform & Setup
This Indicator works on MetaTrader 5. Place the file in the MQL5/Indicators folder and restart the terminal.
Description & Settings
Related: Candle Timer Countdown for MetaTrader 5 - another powerful indicator for MetaTrader 5 traders.
Your trading statement shows the profit or loss realized from each trade, but it doesn't reveal the full profit potential or the extent of drawdown experienced during the trade.Also recommended: Failed Breakout Detector: Identifying Trapped Traders - similar indicator with strong performance on MetaTrader 5.
This indicator analyzes your closed trades from your account history. For each trade, it visualizes the maximum favorable excursion (MFE) – the highest unrealized profit reached – and the maximum adverse excursion (MAE) – the deepest unrealized loss encountered.
It displays a vertical span from the worst point (MAE) to the best point (MFE) of each trade, with an arrow indicating the entry point and a line marking the exit point. A summary panel provides an overview of your trading performance.
The discrepancy between the peak unrealized profit and the actual realized profit, or the difference between the stop-loss level and the peak drawdown, highlights common trading issues that are not apparent in a simple balance curve.
A key metric is the capture ratio: it measures what percentage of the maximum favorable excursion was actually captured as realized profit. A high median capture ratio (e.g., 90%) suggests your exit strategy is effectively capturing profits. A low ratio (e.g., 30%) indicates that significant profit potential was left on the table.
The summary panel displays median values for MFE, MAE, and capture ratio for winning trades, and MAE for losing trades. It also shows the total number of trades analyzed and the median trade duration in bars.
Measurement Limitations:
Excursions are calculated using the high and low prices of the bars within the trading period on the chart's timeframe. The exact price movement within a single bar is not captured. It is recommended to use a timeframe that is sufficiently granular for your typical trade duration. The panel reports the median number of bars per trade, allowing you to assess if the chosen timeframe provides adequate resolution. Trades that occur entirely within a single bar are noted separately. Trades on instruments with unavailable historical data (e.g., expired futures contracts) are marked as
You may also like: Spread Monitor Indicator for MetaTrader 5 - excellent alternative for indicator users on MetaTrader 5.
Source Code
#property copyright "RobotFX"
#property link "https://robotfx.org"
#property version "1.00"
#property description "This code is educational. Feel free to use, modify and upgrade as you wish. Visit ROBOTFX.ORG for professional trading tools"
#property indicator_chart_window
#property indicator_plots 0
#include "TradeExcursion.mqh"
input int InpDias = 90;
input bool InpSoEsteAtivo = true;
input color InpCorGanho = clrSeaGreen;.......
⚠ Limitations & Risk Warning
- This tool is provided for educational and testing purposes only.
- Past performance does not guarantee future results.
- Trading involves substantial risk of loss. Use on a demo account first.
- Results may vary depending on market conditions, broker, and settings.
- We recommend thorough backtesting and forward testing before using with real funds.