ARTICLE SYNOPSIS...Casino Trading by Phil Abel The Monte Carlo simulation, a statistical technique used to model the expected outcomes of a random series of events such as a casino game, also has valuable applications in the evaluation of a systematic trading program. Wh
ARTICLE SYNOPSIS...Do stocks have a random characteristic similar to a roulette wheel, and can we gain a winning edge by trading equities? Here, we simulate Wall Street stocks on an artificial roulette wheel to find the answer