What are some quantitative measures of how good a system's entries are? One i'm using right now is max favorable excursion (MFE) divided by risk (defined by initial stop loss). For N entries, sum the MFE's, then divide by N*(stop loss). (Also, I max out the MFE at 10 NQ pts; i'm trading very short term and would close all contracts by +10.) For one of my NQ trading methods I have a ratio of 1.29. For another method (which I think is of lesser quality) I get a ratio of 1.15. I would like to hear from some system traders what values they get for this ratio. In other words, what's considered good? Also, what should you get for this ratio for random entries? I'm guessing a number slightly less than one, due to the 0.5 point spread. p.s. if you want the details about my entry method check out my journal.