Average MFE in R

The formula

Each trade's MFE relative to your risk (÷ entry → stop distance), averaged.

How to read it

Your best moment in risk multiples. 2R of MFE for 0.8R banked = a lot left to the market.

In currency, an MFE of $300 compares to nothing: it depends on position size, market and month. In R, an average MFE of 2.4R says something immediately usable: the market was offering you two and a half times your risk on average. A 2R target becomes defensible, a 4R target does not.

The classic mistake

Reading it on a sample where many trades have no known stop. R only exists if a stop was recorded: without one the conversion is impossible, and Tradoshi leaves the cell empty rather than inventing a denominator.