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I played with an NT graph today called Total Efficiency, with red and green arrows scatterd throughout. I amd pretty sure I understand that is showed my winning and losing trades spread out, but I don't understand how to read it and gain anything from it.
Is the "efficiency" relative to the orignal profit and stop loss, assuming it is a bracketed order?
Can you help answer these questions from other members on NexusFi?
If I remember correctly from my NT days, I think it is based on the efficiency of your MAE and MFE, like how close you exited a profitable trade to the maximum favorable excursion of that trade.
Gary, thanks so much for that. It actually is something I would be interested in watching now that I understand it. I guess that means I should have searched NT myself first though. Sorry for the trouble.
