The Simulator takes your current trading performance metrics and then performs a simulation that provides information about potential future outcomes.
Important! Enter at least one trade before using the simulator.
Below the simulator's graph, you see three sections.
Define the simulation numbers(2), view current statistics(3) and see the results of the simulation(3).
You can change the number of simulations you want to perform. This determines how many different graphs the simulator will show.
Furthermore, you can change the number of trades for each simulation.
The simulator takes the metrics of the currently active journal/database to perform theoretical future outcomes.
The section "Current Journal Statistics" shows the metrics the simulator uses.
The simulation statistics cannot be changed.
Once the simulation has been completed, Edgewonk provides performance metrics and results that allow the traders to understand theoretical account volatility, drawdown size, and estimate the likelihood of winning and losing streaks.
Account Balance Max: The highest realized potential(theoretical) ending account balance over all simulations
Account Balance Min: The lowest realized potential(theoretical) ending account balance over all simulations
Gain Max: The highest total gain of a single simulation. Difference between start and ending balance.
Gain Min: The lowest gain (highest loss) of a single simulation. Difference between start and ending balance.
Longest Losing Streak: The longest losing streak of a single simulation.
Longest Winning Streak: The longest winning streak of a single simulation.
Of course, the Simulator will not predict the future and your actual results may look very different. The goal of the Simulator is just to analyze risk-related figures and, therefore, gain a deeper understanding of the overall profitability of a trading approach.
You cannot expect to realize those results in actual trading.