Below is an attached screenshot of a scatter plot of a long position Percentage Return of a Asset Security on the Y-axis, and the Maximum Adverse Excursion (MAE) Percentage on the X-axis. Green dots are winning trades, red dots are losing trades. While looking and analyzing the scatter plot to see where it might be good to place the stop loss, it seems this might not be a good use case of using the Maximum Adverse Excurusion (MAE), because it seems there are about the same amount of winning trades or more (green dots) where there groups of loosing trades (red dots) are. Not exactly , but visually it seems almost evenly distributed or more heavy on the green dots (winning trades). In other words, there is not an area on the plot where the red dots (losing trades)out number heavily on one side than compared to the green dots (winning trades). Because of this, would trying to use the Maximum Adverse Excursion (MAE) be not useful at all to find a good Stop Loss Level in this Example ?