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Maximum Favorable Excursion

MFE is the abbreviation for maximum favorable excursion.  Made famous by John Sweeney, the MFE for each trade is defined as the highest high of the open profit within the trade.  If a long trade was established at $50 and closed at $60, but the stock had gone up to $100, the MFE is 100%.

See Also

Analyzing System Results

MAE

Drawdown