Brian Thanks for taking the time to provide such an in-depth response. I will certainly look through the sites you suggested. Yes, I'm sure, like many things, a new or at least modified perspective is needed - I can see the MCS concept is very tactile. Good trading, Bernard
--- In [email protected], "brian_z321" <[EMAIL PROTECTED]> wrote: > > --- In [email protected], "bernardedmond01" > <bernardedmond01@> wrote: > > > > Hi All > > I want to get the basics for starting my own Monte Carlo testing. > > There are 346 messages on here relating to MC. Can anyone point me in > > the direction of the starting line please? What should I look at/use > > first? > > Bernard, > > Howard covers MCS applications in his QTS book from an AmiBroker > perspective. > To get the best value from that discussion a general knowledge of MCS, > as applied to trading, and Stats101 would be an advantage. > > The net has a lot of material on MCS but it is mainly business or > academically biased. > Traders who give a full a to z exposition on trading applications are > hard to find; I'm still looking. > > I have 200-300 trading books here and while many reference MCS they are > not what I would call an MCS for traders training manual. > I still have some unresearched leads from previous posts in this forum > so when I read those books I will report back if I hit the jackpot. > > To gain some practical experience you can't beat trading software, > especially if it is surviving software. > Developers have to apply the theory so they have to screw the theory > down before writing it into their programs. > > Here's some MCS software sites that have been around for >3 years. > Scratch around for downloadable manuals, docs etc. > A Larry Sanders PDF is at the tradelabstrategies site. > Compuvision PDF manual is at their site in downloads>tradesim downloads. > In the tradesim manual only 1 or 2 chapters are general knowledge MCS > but some of the example screenshots also help to get a feel for what > MCS is all about. > > As Howard intimates it is a *way of thinking* and requires learning to > accept probability as a trading reality. > Not unlike the shift in mindset that physicists undergo when they move > from Newton to Einstein. > > MCS sites: > > http://www.compuvision.com.au/ > http://www.tradelabstrategies.com/ > http://www.portfolioriskanalysis.com/ > http://www.adaptrade.com/montecarlo.htm > > There are also some Xcel plugins around but they are mostly business > project orientated. > There is also an MCS Xcel file in our group files section. > > > Here are some links for those new to stats; maybe not the best possible > stats help but better than nothing. > > http://www.itl.nist.gov/div898/handbook/index.htm > http://www.ruf.rice.edu/~lane/rvls.html > http://www.stats.gla.ac.uk/steps/glossary/alphabet.html > http://www.statsoft.com/textbook/stathome.html > > > Brian. >
