What are the best ways to test the merits of an entry / setup / etc? Obviously the (non)trivial answer is to see if it provides an edge and makes you money on a consistent basis. But this assumes that the entry is already paired with the appropriate exit strategy or strategies, money management, market selection etc. However, I'm wondering if people use any analysis to test the potential of a particular entry signal before creating a complete 'system' around it. For example, could the following be of any use: - probability of a positive/negative close for various time windows after the entry is trigger? - MAE/MFE in give time windows - mean price evolution and standard deviation etc? Any thoughts would be greatly appreciated. Thanks!