147: Dr Thomas Starke – Detective Work Leading to Viable Trading Strategies, and the Rise of AI
Chat With Traders
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How to Use Monte Carlo for Strategy Development
With Monte Carlo it gives you a relatively homogeneous coverage of your parameter space so instead of just covering them with a rectangular grid so to speak you just choose random points. If you were to use or run through all the parameters that you have say you have four parameters each one goes from zero to or say from one to ten and over time you end up with some sort of cube that keeps expanding and growing into yourparameter space. It's actually it's technical in some ways but it's also it's also quite practical because if you do this you just end up getting faster results really.
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