--- product_id: 12578400 title: "Modeling Trading System Performance: Monte Carlo Simulation, Position Sizing, Risk Management, and Statistics Paperback – May 11, 2011" brand: "dr howard b bandy" price: "$U3239" currency: UYU in_stock: true reviews_count: 4 url: https://www.desertcart.uy/products/12578400-modeling-trading-system-performance-monte-carlo-simulation-position-sizing-risk store_origin: UY region: Uruguay --- # Modeling Trading System Performance: Monte Carlo Simulation, Position Sizing, Risk Management, and Statistics Paperback – May 11, 2011 **Brand:** dr howard b bandy **Price:** $U3239 **Availability:** ✅ In Stock ## Quick Answers - **What is this?** Modeling Trading System Performance: Monte Carlo Simulation, Position Sizing, Risk Management, and Statistics Paperback – May 11, 2011 by dr howard b bandy - **How much does it cost?** $U3239 with free shipping - **Is it available?** Yes, in stock and ready to ship - **Where can I buy it?** [www.desertcart.uy](https://www.desertcart.uy/products/12578400-modeling-trading-system-performance-monte-carlo-simulation-position-sizing-risk) ## Best For - dr howard b bandy enthusiasts ## Why This Product - Trusted dr howard b bandy brand quality - Free international shipping included - Worldwide delivery with tracking - 15-day hassle-free returns ## Description Full description not available ## Images ![Modeling Trading System Performance: Monte Carlo Simulation, Position Sizing, Risk Management, and Statistics Paperback – May 11, 2011 - Image 1](https://m.media-amazon.com/images/I/51vSSV6xcOL.jpg) ![Modeling Trading System Performance: Monte Carlo Simulation, Position Sizing, Risk Management, and Statistics Paperback – May 11, 2011 - Image 2](https://m.media-amazon.com/images/I/510gdrQm+IL.jpg) ![Modeling Trading System Performance: Monte Carlo Simulation, Position Sizing, Risk Management, and Statistics Paperback – May 11, 2011 - Image 3](https://m.media-amazon.com/images/I/31AG8ngs+3L.jpg) ## Customer Reviews ### ⭐⭐⭐⭐⭐ Five Stars *by L***F on May 16, 2017* Thanks ### ⭐⭐⭐⭐⭐ Five Stars *by C***E on March 15, 2015* Perfect. ### ⭐⭐⭐⭐⭐ I was dismayed at first read but is now my *favorite* book on trading system development. *by S***A on December 4, 2014* I became an active investor and a serious student of trading in 2008. In subsequent years, buoyed by my initial success I began intraday trading. After a lucky start in a bullish period, inadequate money management techniques caught up with me and led to disaster. During that period of soul searching in late 2011, I ordered Modeling Trading System Performance (MTSP).Excitedly, I skimmed through it and at first my heart sank. Why? I have Dr Bandy's other books and I consider them excellent. Why didn't I like this one at first glance? Because it laid out all the concepts I needed to *really* understand in order to build robust systems. My dismay was not at the quality of the book but at the recognition of all the things I needed to learn. Is learning to model trading systems useful? Turns out it is an extremely valuable and necessary first step before any system development should begin!Like all of Dr Bandy's books, this one is extremely well written with his characteristic attention to detail to every aspect including the layout, font-size, illustrations and step-by-step instructions. Complex topics are explained astonishingly well. At first read I could understood the individual concepts. It took me repeated readings to get the big picture but since that 'Aha!' moment, MTSP has become my *favorite* book on the topic of trading systems.This book provides the best framework that I've come across to begin thinking about trading systems and now I understand why this book omits specific buy/sell rules as they are just a small part of system development (and besides Dr Bandy has other books that address these topics).This book covers:- How to think about the basic statistics of a trading system -- expectancy, CAR, MDD.- An excellent discussion on how longer holding period increases risk.- Position sizing and the importance of understanding the distribution of trades. This is a pernicious problem that plagues every rosy back test result. The book links to an excellent excel plug-in to compute a realistic estimates of draw downs using Monte Carlo simulation and complete step by step instructions. I found the hands-on exercise in the appendix to be immensely beneficial in helping me learn and internalize the concepts.- How to determine the health of the trading system. This is a goldmine of information with practical techniques for this very important phase of monitoring trading system you placed into production. The treatment of this topic alone is well worth the price of the book!Will this book alone change anything? Yes! It changed the way I approach system development and validation. It has provided me a solid logical foundation and as I build new systems I find myself constantly referring to my dog-eared copy resplendent with neon post-it page markers. I think this book is one of those timeless classics and I can't thank Dr Bandy enough for writing it. ## Frequently Bought Together - Modeling Trading System Performance: Monte Carlo Simulation, Position Sizing, Risk Management, and Statistics - Mean Reversion Trading System: Practical Methods for Swing Trading - Quantitative Trading Systems: Practical Methods for Design, Testing, and Validation --- ## Why Shop on Desertcart? - 🛒 **Trusted by 1.3+ Million Shoppers** — Serving international shoppers since 2016 - 🌍 **Shop Globally** — Access 737+ million products across 21 categories - 💰 **No Hidden Fees** — All customs, duties, and taxes included in the price - 🔄 **15-Day Free Returns** — Hassle-free returns (30 days for PRO members) - 🔒 **Secure Payments** — Trusted payment options with buyer protection - ⭐ **TrustPilot Rated 4.5/5** — Based on 8,000+ happy customer reviews **Shop now:** [https://www.desertcart.uy/products/12578400-modeling-trading-system-performance-monte-carlo-simulation-position-sizing-risk](https://www.desertcart.uy/products/12578400-modeling-trading-system-performance-monte-carlo-simulation-position-sizing-risk) --- *Product available on Desertcart Uruguay* *Store origin: UY* *Last updated: 2026-05-17*