Forex Robot World Cup - FRWC - Automated Forex Trading Expert Advisor Competition

Описание:

Official Site: http://www.forex-robot-world-cup.com.au My Blog: http://www.royaltrader.com.au
Forex, or in other words Foreign Exchange, it refers to trading currencies for example the Australian dollar against the Japanese yen. This is different from trading a companies stocks.

Forex Robot, also known as an Expert Advisor or EA. They make trading automatic so there is no need for human input. There are many expert advisors being pushed on consumers around the world. Though only the best survive. But because the world and therefore the currency market is always changing, its hard to program a robot that will return positive results all throughout the year.

Forex Robots are tested on a software platform know commonly as MT4 or Meta Trader 4. They are often back tested for results. MT4 has the ability to go back in time and test the newly programmed robot to see how well it would have performed during a certain period. Prior to release of a Forex Robot or Expert Advisor they are tested on live account for several weeks or even months.

The Forex Robot World Cup consists of 3 stages, submissions, live trading, and the competition end. More than 300 EA (expert advisor) programmers from all around the world submitted their EAs. 24 EAs were chosen according to the competitions rules. Then all trading robots were placed on $1000 real live accounts funded by the FRWC.

All the trading statements can be seen live and updated every 15 minuets. The top 10 trading robots will be given away to one lucky winner. Though they will be available for purchase under the name of FRWC Royal Trader after the games.

Комментарии:

rogelioVela1985 пишет:

hopefully they will? drop prices, superhearing

let us know if u show some proof on ur statements with their forex EA :D

wayo273 пишет:

Hope that the price would be cheap, for a poor trader to pay. Because if the organisers want to? scoop the $100,000 from a month sell, many can not afford it.

superhearing пишет:

I think it will be a reasonable price.. there will be a package consisting of the top bots.. the results are out btw you can see them on my channel?

rogelioVela1985 пишет:

@wayo273

its pretty costly in their site. $999 for the complete package or 2 payments of $599

too much for me to get? started, plus opening a broker like FXCM, depositing. getting a Virutal forex server so my ea can work 24/7 without my pc being on all of the time, etc.

bibtothemax пишет:

Great post, sounds like? this is really ground breaking stuff. Thanks for the great post =D

superhearing пишет:

yeah the winner has been announced? they won $100,000 USD check out the official site or the blog for details

Gibsunit пишет:

epic?

Long gone is the time when only banks and private institutions could trade the Forex market. Now, individuals have access to trade their own money, and lots of it. The exchange of foreign currencies has since been open to private investors, central banks like Bank of America, and several countries. But now with the introduction of the Expert Advisor trading systems, the smaller trader can now automate their trades like the big companies do.

The systems allow the user to set their own parameters and trading guidelines. The program consists of software that has been develeoped for a specific type of trading style, not everyone trades the same. Some spot trade, some trade big, some hedge and so on and so forth. The developers of these types of software take into consideration any nuances of Forex trading as well as being aware that the market is trading 24 hours a day, even during weekends.

Without these types of systems in place, the trader would have to monitor the pair that is being trades on a constant basis along with monitoring opening and closing times which is almost impossible to keep up with. By using the Expert advisors a trader can setup trading signals to make life a bit easier such as a type of order, stop loss, trade entry, news tickers etc.

Some of the key benefits of using an automated trading system is that it gives the trader full control, but cuts out the emotional bond a trader has with his money...making the temptation to trade on a whim a lot less likely. This takes the guesswork out of trading if the trader implements the right trading signals for this trading style.

The EA is a mathematical algorythm and it performs solely on formulas, so if the EA doesnt perform like it should it can be changed, augmented and tweaked until the trader finds the recipe for success that they are looking for. Then, this process is repeated constantly to achieve a money making strategy.

Trading also involves the trends of the market, be it long-term or short-term. These trends play a big role in the amount of trades that a trader is involved in. The EA, if setup correctly, will take these trends in-stride and make the trades accordingly, minimizing the drawdown or losing trades. Using historical data, traders can analyze and test their trading theories and strategies, some EA's have a built-in function to record such data.

Almost every expert advisor system being developed now is made using the MetaTrader 4 platform since it provides reliable historical data that you can download from their site or any other, multilanguage support, solid and user-friendly interface.

Automated expert advisors are becoming the tool of choice for many traders and companies around the glode, most are free, but the ones that really rake in the money you have to pay for. You get what you pay for.