Before using the Monte Carlo Simulation feature, ensure it is enabled in your analytics settings. For detailed steps, please watch the following guide:
Enable Monte Carlo Simulation in your analytics
Monte Carlo Simulation is a tool used to evaluate the possible outcomes of your trading strategy by simulating different market conditions. It runs multiple random scenarios based on past trades, helping you understand how your strategy might perform over time in both favorable and unfavorable conditions. This helps you manage risk and make better decisions for future trades.
For a step-by-step explanation, watch this video tutorial:
Monte Carlo Simulation for Traders.