Automated Trading Championship: 2006 and 2007

[scalpmaster]

Quote from QuantPlus:

I agree with you... this thing is bogus...
A bunch of yonng, smart-but-not-wise desperados "fooled by randomness".Also...There are many cons baked into this...
Which is the real point.
Show me Audited Financial statements for 5 years...
Audited by a reputable Western accounting firm.
Anything else is a waste of time. Yawn.

Is anyone just following his trades telecast 'live' with
real money and making close to his record?

Wonder if the EA turned off during economic news release?
Otherwise, how does the EA based on Moving Averages deal with spikes all over the place?

It's good biz for brokers to organise these tournaments-
get to vet through these algorithms, traders depositing funds, and most importantly luring fund management companies to approach organiser secretly to 'pay' for part of the CONcept.

 

[scalpmaster]

http://championship.mql4.com/2007/users/Better

10K -> 100K in ~1 month

100K -> 1mil in ~3th month

1mil -> 10mil in ~6th month

10mil -> 100mil in ~9th month

100 mil -> 1bil in ~>1 year!

Why bother joining a tournament?

How would you distribute your funds along a year to various MT4 brokers?

 

[Fat]

On the website of the Automated Trading Championship 2007, the Jury Session Record of the 30th of November 2007 has been published. At the session, the Jury discussed disqualification of several Participants. Eleven more Participants dropped out of the competition.

The full text of the article was published on the website of Automated Trading Championship 2007 in the News section.

 

[Fat]

On the website of the Automated Trading Championship 2007, an Interview with William Boatright (wackena) has been published. William is in the Forex market since last year. Before this he had been trading in the stock exchange for about 10 years. Now William is successfully using many trading strategies, which he learned when working with MT4, for trading in the stock exchange - "I now manually trade stocks utilizing many trading strategies I've learned in coding MT4 EAs. I'm very pleased at my success of transposing trading strategies between Forex and stocks."

The interview was published on the website of Automated Trading Championship 2007 in the News section.

 

[Fat]

On the website of the Automated Trading Championship 2007, the article Reporting the 11th Week of the Championship (10-16 December) has been published. The the last week but one of the Automated Trading Championship 2007. Only five trading days are left till the finishing line. We wonder who will finish in the Top Three and share the prize of the contest?

The full text of the article was published on the website of Automated Trading Championship 2007 in the News section.

 

[Fat]

On the website of the Automated Trading Championship 2007, the article Jury Session Record of the 17th of December 2007 has been published. At the session, the Jury discussed disqualification of several Participants. Some more Expert Advisors were set down.

The full text of the article was published on the website of Automated Trading Championship 2007 in the News section.

 

[Fat]

On the website of the Automated Trading Championship 2007, the Statistical Report #3 has been published. We go on collecting and analyzing statistical data obtained in the course of the Automated Trading Championship 2007. In this Statistical Report we analyze the TOP Ten Expert Advisors for their risk level and stability.

Conclusions:
- The Participants have made necessary conclusions and are trying to limit risks at opening positions. The majority of Expert Advisors have built-in Money Management systems and limit the amount of losses either by StopLoss or closing by market;
- The Participants of this Report have quite a low absolute drawdown value. However maximal drawdown reaches 40% and more. It means, the Participants use a more aggressive reinvestment system;
- Most Expert Advisors have low stability coefficients (recovery factor). It is necessary to improve this index, so that an EA could gain stable profits not only during testing, but in real trading as well.

 

[Fat]

On the website of the Automated Trading Championship 2007, the Jury Session Record of the 19th of December 2007 has been published. Organizing the Automated Trading Championship 2007, we cared about the purity of the competition and equality of conditions for all Participants. This time we had to disqualify 14 Indonesian participants. One of these 14 Participants is the "developer" under the nickname admadinata, which is now among the leading positions and is contending for the prize. However the revealed violations of the Championship rules do not allow him to participate and demand his disqualification.

The full text of the article was published on the website of Automated Trading Championship 2007 in the News section.