metaquotes trading contest

hayseed

Master Trader
Jul 27, 2010
1,059
263
149
usa
why do you think metaquotes ceased the trading contests.....
//-----


this is a question that has truly puzzled me for many years...... perhaps someone here will have a more informed point of view.....

when asked back then, metaquotes official response was we are investing all our time into mq5's development...... understandable.....

by now, mq5 should be considered developed.....

so what gives....... if the original contests were to show case metatrader 4, why not promote mq5 in the same manner.....h
 

Enivid

Administrator
Staff member
Nov 30, 2008
18,699
1,381
144
Odesa
www.earnforex.com
The last MQL5 Championship was in 2012 and it was for MT5 expert advisors. I see two possible reasons for that they stopped holding new championships:
  1. Diminishing returns - they are already quite a popular platform for automated trading, so the costs of holding such a championship might not be worth it.
  2. Such championships don't motivate traders to write good EAs, they motivate them to write EAs that will risk as much as allowed by the rules to earn profits as fast as possible.
 

hayseed

Master Trader
Jul 27, 2010
1,059
263
149
usa
I see two possible reasons for that they stopped holding new championships
//----

thanks enivd...... actually thought you might know the exact reason for sure......

if we consider how much metaquoutes has changed since the initial mq3 till now , i can imagine that lack of free time and the overall distraction must have some bearing......

we will probably never know unless lenar himself fills us in.......

i never competed but enjoyed reading the interviews and trying to figure out what the ea's were doing......h