davidjc01
3rd April 2008, 03:15 PM
David,
Some more suggestions...
It would be nice to have some of the profit stats available in single simulations (eg Profit Index, Profit Factor, etc) reported as a Max/Min/Average/STD in the Monte Carlo Simulation reports as well.
Separately, quite often the profit distribution of a Monte Carlo run is not 'normal' but very skewed with a long tail. So the reporting of a mean and standard deviation is misleading. I am by no means an expert on stats but is there a way to report the degree of 'normalcy' of the profit distribution? Or is there a way to describe fat-tailed-skewed-distributions with a few numbers that do the same thing as mean and standard deviation do for a 'normal' distribution?
Regards, David
Some more suggestions...
It would be nice to have some of the profit stats available in single simulations (eg Profit Index, Profit Factor, etc) reported as a Max/Min/Average/STD in the Monte Carlo Simulation reports as well.
Separately, quite often the profit distribution of a Monte Carlo run is not 'normal' but very skewed with a long tail. So the reporting of a mean and standard deviation is misleading. I am by no means an expert on stats but is there a way to report the degree of 'normalcy' of the profit distribution? Or is there a way to describe fat-tailed-skewed-distributions with a few numbers that do the same thing as mean and standard deviation do for a 'normal' distribution?
Regards, David