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Intersting competition. I'm sure even the winning EA will never guarantee a profitable outcome, otherwise, poverty in the world could be eliminated and all could be rich. The search for the Holy Grail is like trying to find the eternal life recipe.
That's just my opinion. So just send in your EA to this championship regardless of the final results. I think I'll participate, but I hope the ex4 files would be available at least to competitors after the competition is over. That could be a good incentive for us to join.
Hi everybody!
The rules are made in the way to find out most profitable expert, most reliable, but not risky one. The rules garantee that you can win only if your expert is made on the principles of wise combination of low risk and profitability. If your expert is just opening in any direction and by any signal, you will lose.
EX4 files wont be available to any competitors until you check " Allow to publish the expert code (all visitors will be able to download it)" checkbox in your profile.
by the way guys, we are posting interviews with famous persons of Automated Trading World on the site of Championship. For now we posted an interview with Segey Kovalyov (SK). He wrote several articles, developed his own stratgy AutoGraf.
Next will be Rosh. He wrote several dozens of the article, which are posted on Alpari`s site. Both of them are very popular in the trading and automated trading in Russia.
If you got "some reputation" (wrote interesting articles, a book, developed your own strategy and so on) we can make interview with you. It will be additional opportunity for you to make youself more popular. Just drop me a PM.
So you give a prize of 40,000$ to a code that can produce 1000000000...............You are not fooling anybody.
These guys will steal your experts.
Totaly agree with you... i have many well working systems !
I don´t 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
__________________ For a 5 digit yearly income you have to work hard, for a 6 digit you only need an idea...
Totaly agree with you... i have many well working systems !
I don´t 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.
Last edited by newdigital; 09-05-2006 at 08:15 AM.
This "championship" is like a horse race in which the competitors are told to bring their horses to be tested by the judge (instead of riding them)...
I wonder, since it is anonymous, is there any objective judge to check the real results?
Sorry for being cynical, but this was the exact way used in my country (many years ago) to get free information.
the companies who arranged the competitions, used to "invent" their own winners and to get the information they wanted for free, in the same way...
This "championship" is like a horse race in which the competitors are told to bring their horses to be tested by the judge (instead of riding them)...
I wonder, since it is anonymous, is there any objective judge to check the real results?
Sorry for being cynical, but this was the exact way used in my country (many years ago) to get free information.
the companies who arranged the competitions, used to "invent" their own winners and to get the information they wanted for free, in the same way...
I don't know.
They estimated the rules, they found the sponsors for $80,000 prize, sponsors believed in them.
So ...
The maximum amount of simultaneously opened positions and pending orders is 3.
That rule, does it mean that you can only have 3 total open trades at any given time or does it mean that 3 given trades per currency pair. Let me say that this rule would eliminate 99% of experts out there if it means ALL currency pairs.
Thanks.
The contest only puts an EA on a single chart, so multi-pair isn't an issue.
However, I still agree the 3 total orders limit is a bit ornerous. I have a stone-simple strategy, but it ran immediately into this problem if multiple signals are given. It took several times more time to code a work-around to keep the strategy intact than the original strategy code.
I had thought this was an anti-grid or a resource preservation technique, but now I think it's just a limiter to force single-entry type designs. Obviously there are adaptations possible, and such restrictions can narrow the field to only thoughtful EAs which can help with their judging process. An errant order opening will DQ the EA and that's one less EA to watch.
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Anyone that has an EA generating a $B will certainly not participate for $40k. However, the poor coders eeking out account less than a quarter that prize fund will stand to gain trading capital.
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I'm very pleased they will run the code uninterrupted on their servers. My own system has far too many interruptions for long term tests. I get a free long term test even if my EA eats some other EA's dust. I'll be jazzed to finish profitable.
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Offering a prize this large for a demo-based long-term trade does not seem trivial to me. I'm sure they care very little about who doesn't show up with their killer EA compared to those who would game the system. For example, watching for someone teaming with a buddy to each code a buy-&-hold of max lots in each direction. One account will blow up and the other stands to make a few hundred pips (average quarterly body) on 5 lots. such a 200%+ return sounds pretty competitive. I think this is precisely what the jury will be watching for to cut out. The last thing they want is to have someone win, go through all the interview and lauds to the winner, and then find they cheated. "you can only win if you cheat!" is the last thing they want to publicize as broker/software community. Doesn't attract new customers.
Even so, I'd be surprised at any contest trader that is set up exactly like the real-money live trader would be set up.
Linear Mode
