Forex Monte Carlo - Algorithmic trading strategies
Forex Monte Carlo is a free lecture from the course Algorithmic trading strategies Top 10 USDCAD EAs:
https://eaforexacademy.com/courses/algorithmic-trading/algorithmic-trading-strategies-top-10-usdcad-eas/
Forex Monte Carlo is one of the most popular tools in Algorithmic Trading. It helps the Trader to validate the expert advisors before trading in a real account.
In this free lecture about the forex Montecarlo validation, you will learn from Petko Alexandrov who is the Head Trader at EA Forex Academy how to use robust strategies.
This algorithmic trading course will teach you how to perform different robustness tools before placing the strategies in the account. This way the Trader succeeds to export only robust strategies that are ready for real trading.
The Forex Monte Carlo will give you the results of many simulated tests with different indicator parameters, backtesting starting bar, spread variations, slippage problems.
This way we know when our strategies over optimized and we can delete it.
Forex Monte Carlo is part of the strategy builder EA studio. This is a professional software for algorithmic trading and it comes for 15 days free trial and every Trader can give it a try:
https://eaforexacademy.com/software/expert-advisor-studio/
With the strategy builder, you can build your manual strategies into expert advisors and export them with one click. No programming or trading experience is needed.
Everyone who desires to trade a portfolio of expert advisors can achieve that with EA studio. It has the generator which is a great feature to create your own limited number of strategies. The strategies are being created over the historical data of your broker and this way you will know that the strategies will work for your broker.
It is very important in algorithmic Trading to test the robustness of the expert advisors and the forex Monte Carlo tool is one of the best ways to do that.
The algorithmic trading strategies Top 10 USDCAD EAs course will give you an idea of how to build robustness strategies and to avoid trading on the demo account. Of course, we always suggest everyone test first on a demo account but having Robert Smiths tools like Forex Monte Carlo allows the Trader to perform robustness testing before even trading on the demo account.
If you have any questions right in our trading forum and you will receive support personally from Petko Aleksandrov within 12 hours:
https://eaforexacademy.com/forums/forum/general/