How to do Monte Carlo Simulation in Pine Script Strategies
The Art of Trading
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LESSON SOURCE CODE: https://courses.theartoftrading.com/pages/pine-script-monte-carlo
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This lesson explains what Monte Carlo simulations are, and the script demonstrates how to add some basic Monte Carlo simulation code into TradingView strategy scripts for backtesting.
With over 16 years of coding experience and 5+ years of profitable trading experience, I specialize in TradingView's Pine Script programming language and I'm here to pass on everything I've learned about both trading and coding.
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The content provided in our videos, including all code, lessons, and materials, is strictly for educational and informational purposes only. It is not intended as, and should not be interpreted as, financial advice, a recommendation to buy or sell, or an offer of any financial product or service. All strategies, tools, and examples discussed are provided for illustrative purposes to demonstrate coding techniques and the functionality of Pine Script within a trading context. Any results from strategies or tools provided are hypothetical and past performance is not indicative of future results. Trading and investing involve high risk, including the potential loss of principal, and are not suitable for all persons. Before making any trading decisions, please consult with a qualified professional to understand the risks involved. By using our materials, you acknowledge and agree that any trading decisions are made solely at your discretion and risk.
â–¼Timestampsâ–¼ 00:00 - Intro 00:15 - What is Monte Carlo Simulation? 01:57 - How to use Monte Carlo on TradingView 05:30 - Adding Monte Carlo Trade Skipping 12:10 - Adding Random Spread (Slippage) 19:55 - Real Strategy Example 22:37 - Summary
#PineScript #TradingView #Trading ... https://www.youtube.com/watch?v=y97u_Grc0gU
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