HELP ,I want to use Monte Carlo method in Multicharts

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lishan
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HELP ,I want to use Monte Carlo method in Multicharts

Postby lishan » 22 Feb 2012

Hi. I would like to use Monte Carlo method to do some analysis 。 How could I do in Multicharts. Please give me some examples. Thanks a lot~

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Henry MultiСharts
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Re: HELP ,I want to use Monte Carlo method in Multicharts

Postby Henry MultiСharts » 23 Feb 2012

Hello Lishan,

Unfortunately there is no prebuilt Monte Carlo method analysis in MultiCharts.
You may want to submit a feature request to the Project Management of our web site so other users can vote for it: https://www.multicharts.com/pm/
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furytrader
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Re: HELP ,I want to use Monte Carlo method in Multicharts

Postby furytrader » 23 Feb 2012

Another solution would be to buy the Market System Analyzer from Adaptrade - it costs about $350 but it allows you to import a trade list and run Monte Carlo simulations on it (along with a host of other things, like testing different sizing strategies, etc). Here's a link:

http://www.adaptrade.com/MSA/index.htm
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Re: HELP ,I want to use Monte Carlo method in Multicharts

Postby DRCM » 23 Feb 2012

Yes. I agree with furytrader. Market System Analyzer is an excellent tool. It also tests aggressive position sizing methods. It isn`t free but sometimes available for a little less than $350. Try to contact developer privately.
Equity Monaco is a free position size calculator / simulator by TickQuest. It accepts a file in ASCII format of closed trade results, and performs Monte Carlo analysis.
Also there are many Monte Carlo Add-Ins for Microsoft Excel, some of them at no cost.

Thank you
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furytrader
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Re: HELP ,I want to use Monte Carlo method in Multicharts

Postby furytrader » 23 Feb 2012

Those are good suggestions. I'm pretty sure that Market System Analyzer can be used as a trial version for 15-30 days (I think).
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