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Manta, Ecuador
Site Administrator
Developer
Swing Trader
Experience: Advanced
Platform: Custom solution
Broker: IBKR
Trading: Stocks & Futures
Frequency: Every few days
Duration: Weeks
Posts: 50,470 since Jun 2009
Thanks Given: 33,249
Thanks Received: 101,673
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According to Dierk Droth, the VP of Engineering for NinjaTrader, the upcoming NT7 beta will include a Monte Carlo simulator.
Monte Carlo sims are a way to produce random data to simulate different types of market scenarios and events, so that your strategy can be tested in a way that will preclude it from being curve fitted to historical data.
Although I am not currently pursuing automated strategies, I do still believe backtesting is a way to improve your trading. I use backtesting to find better values for indicator settings, or to just prove in a general concept if my theory works or not.
Additional details on the Monte Carlo simulator, as well as other NinjaTrader 7 features, are expected to be released within two to three weeks (by the end of June 2009).
Additional info on Monte Carlo Simulation:
Investopedia
Wikipedia
Mike
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