Currency: SUM(MFE * quantity * point value) of all trades / # of trades

Percent: SUM(MFE * quantity / entry price) of all trades / # of traded lots

Points: SUM(MFE * quantity) of all trades / # of trades

where MFE  (max. favorable excursion) is defined as (best price trade reached – entry price), quantity is defined as the number of contracts traded, and point value is defined as the monetary conversion of each point (e.g. 100 for currency pairs).

This statistic returns a value representing the average maximum run-up your strategy experiences. This information helps you gauge how well your strategy’s entry conditions predict upcoming price movements. A high percentage here is desirable since it would imply high profitability opportunities.