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Originally Posted by mr.trader
Totaly agree with you... i have many well working systems !
I donīt think any time to challenge it with outhers, brokers only waiting about this challenge, systems which doing good are forbidden later... or they try it with a backdoor method....
EXAMPLE: IBFX limits open trades to 100 per live account from the 15. september on ...
WHY ??? 
Think about it... many well working grid systems need this and more number of open trades....
Hope this helps,
mr.trader |
mr.trader,
I am not participating but I think that MetaQuotes Software Corp. does not need to steal any EA because they don't care about any EA: they deliver Metatrader as software to the brokers and don't care about anything.
As I understand there is some opinion that EAs as mechanical trading systems can not exist because they are not producing consistent profit results in general. This opinion came from some Russian forums. So Russian MetaQuotes Software Corp. wants to break this opinion. It is my understanding why they decided to provide the contest.
As to sponsors of contest so I don't know ...
You know all of them or most of them:
- Spacevision Switzerland SA
- FXDirectDealer LLC.
- Interbank FX LLC.
MetaQuotes Software Corp. is like leading company for them concerning MetaTrader. And there are many forums which are not connected with MetaQuotes Software Corp. and which are not connected with any broker (our forum for example). So, may be, they want to know new ideas about EAs' because they did not provide any money for some forums and people in some forums are developing anything in fully independent way.
We are independent forum so nobody can say to us: "develop this strategy and forget about that one".
As to jury so it is well-known people.
Some people are selling EAs for $100 or any. So may be the better way is to partcipate in contest to get $40,000 at once? If EA selling is really good and profitable so why not participate?
I think they will have many participants. Because it is the very good way for programmers/developers to declare about themselves to be well-known in Russia, USA and Europe.