Forex Blog

First-hand Forex trading experience and information about foreign exchange market that will be useful to traders


Automated Trading Championship from MetaQuotes Software

August 8, 2007 (Last updated on December 10, 2013) by

MetaQuotes Software Corp. conjointly with ODL Securities, Alpari, FXDD and Traders’ Magazine is starting its second annual Automated Trading Championship for Forex trading. In this contest traders compete not only in their trading skill, but in their programming skills. All orders and positions management is done by the competitors’ fully automated expert advisors for Metatrader 4 platform. This brings some new and original excitement compared to traditional trading contests, because once an expert advisor was submitted and championship started, trader/programmer can’t influence the trading process at all.

This is not the first time MetaQuotes Software organizes such championship. Last year was debut for the Automated Trading Championshiop 2006 which dragged attention of 258 developers from all over the world.

This time almost 750 participants already registered themselves on the Championship website while it is still 44 days left for the registration period (which ends on 21st of September). The contest will start on the 1st of October and will last almost three months till the 21st of December.

The prizes for the winners of Automated Trading Championship 2007 (three traders with the highest balance available at the end of the contest) are quite high and are likely to serve for the potential competitors as a great motivation to develop and improve their automated expert advisors and trading strategies in general. 1st Prize is $40,000, 2nd — $25,000 and 3rd — $15,000 — so it is $80,000 in total — quite impressing, isn’t it?

I would like to wish all those who will participate in this contest a good luck and a profitable trading. By the way, MetaQuotes Software held an on-line interview with me on the topic of automated trading and Forex trading in general. It is now published at their website and you can find it here.

Leave a Reply

required (will not be published)