It's very important that a trader achieves positive expectancy after 100 trades.
As for monte carlo its is a very powerful tool that can predict whether a trader will be profitable based on his trades.
Anyone can make a profit in a trade it's whether a trader can be net profitable after 500 trades. or an investors is profitable in the long run.
With monte carlo system you can still be profitable with being right only 55% of the time.
I have updated my spreadsheet s there was some error calculations in short and long that I made for myself as it's custom made trading spreadsheet.
free download and up for beta testing.
http://www.marketcentral.ca/expectancy/traderecord.xlsx
Just enter your 100 trades and you get your trader expectancy. An positive means you are profitable negative, not profitable.
Monte Carlo is what high frequency traders and gamblers use and can be applies in many industries to predict outcomes.
https://www.daytradinglife.com/wp-c.../DTL-Monte-Carlo-Trading-Simulator-v1.01.xlsm
As for monte carlo its is a very powerful tool that can predict whether a trader will be profitable based on his trades.
Anyone can make a profit in a trade it's whether a trader can be net profitable after 500 trades. or an investors is profitable in the long run.
With monte carlo system you can still be profitable with being right only 55% of the time.
I have updated my spreadsheet s there was some error calculations in short and long that I made for myself as it's custom made trading spreadsheet.
free download and up for beta testing.
http://www.marketcentral.ca/expectancy/traderecord.xlsx
Just enter your 100 trades and you get your trader expectancy. An positive means you are profitable negative, not profitable.
Monte Carlo is what high frequency traders and gamblers use and can be applies in many industries to predict outcomes.
https://www.daytradinglife.com/wp-c.../DTL-Monte-Carlo-Trading-Simulator-v1.01.xlsm