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Monte Carlo Simulation Explained; The Ultimate Guide

As a trader, you probably noticed understand that markets change from time to time. For example, during the summer we often see that the markets are quieter and during the fall we usually get some more volatility. It’s important for you to adapt to these changes A good trading strategy can withstand these changes in the markets. But how do you know if your trading strategy is good and robust enough? That’s exactly where a Monte Carlo simulation can help. Apart from using your historical data to learn more about your trading performance, you can perform a Monte Carlo Simulation formula to get an idea of how your strategy might perform in the future. In this article guide, I’m going to try to explain the Monte Carlo Simulation for you so, in the end, you know how you can use it to analyze and improve your trading results

Do professional traders use technical analysis ?

As a beginning trader, you will encounter the term technical analysis and fundamental analysis pretty soon. Somehow there has always been heated debate between traders on which one is the best and why the other one doesn't work. In this post, we’ll discuss both types of analysis and find out if they work, which one is most used by professional traders, and give you some tips on which one might be suited for you.

Why use a trading journal instead of a spreadsheet journal ?

Trading journal vs. trading spreadsheet, which one is better for you? Here’s my take right off the bat: good traders use trading spreadsheets, but great traders use trading journals. Read the post to find out why

Backtesting a strategy with NinjaTrader 8 and analyze the performance

The best way to gain confidence that your trading strategy works is by backtesting it. Improve your trade tries to make backtesting easier. We created a special indicator for NinjaTrader 8 which allows you to easily mark your trades on the chart and when done upload them to your trading journal with a single click. Once all your backtested trades are in your trading journal you can analyze its performance in depth by using any of the analysis reports and filtering. In this post, we will explain to you how to get started backtesting your strategy.