Topic: live trading not looking good
Hi good traders
So after watching all Popov's video tutorials on how to generate and test trading strategies with the Forex Strategy builder professional , I generated about 12 different strategies for EURUSD and another 12 different strategies for USDJPY on the 15minutes chart timeframe.Why so many different strategies?Well Popov suggested in his videos to create multiple strategies(portfolio) so that they can compliment each other(diversification) ..After generating the strategies I tested them in Monte Carlo simulation tool and I only cherry picked the strategies that passed the all the monte carlo simulations as seen in the screenshot.And I only picked strategies with 95% confidence level of doubling the account....
After monte carlo simulations , i decided to run a test with the portfolio of EAs in a small live account.Same broker historical data i used to generate the strategies...After 2 weeks of live test the portfolio has made a loss and is in drawdown about 20% currently.Meanwhile the drawdown of porfolio in the forex strategy generator software is 31% and the maximum stagnation period is 6 days...Its been 2 weeks now since I started testing and the portfolios are it has made a loss and in drawdown .Doesnt look like the maximum stagnation is 6 days as the forex strategy builder professional portfolio says in the portfolio I generated with the software.
I dont know what I did wrong and dont know what to do because the statistics in the portfolio are diferent from the statistics in the live test.
I will be glad if someone can point me in the right direction.Thank you for reading this.