Kazan, Russia (PRWEB) September 29, 2007
The Automated Trading Championship 2007 represents a contest of automated trading systems (algorithmic/automated trading applications, Expert Advisors, EAs). The contest is aimed at popularization of automated trading and accumulation of practical knowledge in this sphere. Within 3 months Participants' Expert Advisors will compete for being titled the best trading system of the year. After the contest has been finished, the developer of the best three Expert Advisors will share USD80 000 - the Championship's prize fund.
The Automated Trading Championship 2007 is an annual championship that is held for the second time this year. This is not a usual traders' contest. In this Championship, traders do not work themselves: their Expert Advisors do this. Having submitted an Expert Advisor for participation in the Championship, the developer can only follow its successes or failures, but he or she cannot influence its operation in any way. All analytical work and performing of all trades in this Championship is exclusive prerogative of automated trading systems.
258 developers of automated trading systems from all over the world participated in the Championship in 2006. That contest aroused a keen interest of traders. During that championship, one could estimate both the efficiency of each automated trading system in identical conditions and effectiveness of different trading strategies under market conditions.
This contest is distinct from many similar events through real accumulation of practical information in the field of automated trading. This is why this contest was provided with its special website where all trading information for each Participant is published automatically. On this website, analytical articles, text/video interviews with experts in automated trading are published on a daily basis. The site is fully public, everybody can communicate with the Championship Participants, Organizers, and Sponsors. After the Championship is finished, all accumulated data will be available for public at any time. This will allow any developer to conduct independent researches based on the data about trading systems' behavior in real conditions. The Championship provides the unique and many-sided information about development and use of automated trading systems.
Moreover, the Automated Trading Championship 2007 will be interesting for both the developers of automated trading systems and any traders who will find much useful data about technical analysis, money and risk management. "The behavior of automated trading systems must not be interesting for only Expert Advisors' writers. This is, in fact, demonstration of behavior of different trading strategies in real conditions. All Expert Advisors worked according to the algorithms stored in them. For example, if an Expert Advisor had been based on the Bill Williams' fractal system, we could see how that trading strategy behaved without human intervention. It means that it was a _pure_ test of a trading strategy. And there were 258 strategies there", said Stanislav Starikov, the Jury member at Automated Trading Championship 2006/2007.
Everybody who had already reached 18 years and wanted to participate in the Championship, could submit and application for participation. For that, one had to fill out a registration form and submit his or her automated trading system. Participation in the Championship is absolutely free. As of the moment, registration of Participants has already been closed, but they are still being checked for compliance with the Rules of the Championship. There were totally over 2000 applications for participation submitted. This is almost 3 times more than in the last-year contest. Many developers of automated trading systems noted in their interviews that competition would be severer due to larger amount of Participants.
The Automated Trading Championship 2007 will be co-sponsored by brokerage companies of ODL Securities, Alpari (UK) Ltd., FXDD, and the popular TRADERS' magazine.
About MetaQuotes Software Corp.
MetaQuotes Software Corp. was founded in 2000. The company develops online trading platforms intended for organizing brokerage services on the markets of Forex, Futures and CFD. Since that time, the company has developed four online trading platforms: FX Charts, MetaQuotes, MetaTrader и MetaTrader 4. MetaQuotes Software Corp. has gained the reputation as a provider of breakthrough technologies for retail forex by the seventh year of its existence. There are world-famous brokerage companies and banks among over 150 customers of the company. In 2006 company organized and held first annually Automated Trading Championship 2006.
The company's website: http://www.metaquotes.net
About Automated Trading Championship 2006
The Championship represents a competition among Expert Advisors - automated trading applications. The contest is aimed at popularization of automated trading and at the research in this field. 258 Expert Advisors were competing for prizes of totally 80 000 US dollars within 3 months: from the 1st of October to the 25th of December 2006. Experts submitted by Participants were competing independently, without any human control. The Championship was the first to supply true data about the actual state of the branch, it allowed to visualize effectiveness of various approaches to development of automated trading systems. Due to the openness of the Championship, everybody interested could watch it, read articles about the contest and interviews with the Participants. 275 thousand people from all over the world visited the Championship website during the contest.
The Championship's website: http://championship.mql4.com/2006/
About ODL Securities
ODL Securities Limited was established in 1994. Now the company trades in foreign exchange, on-exchange futures and over-the-counter derivatives on behalf of clients from the Americas. ODL Securities Limited has some of the widest ranging and most technologically advanced resources in the industry and through growing international network of offices (U.S.A, Italy and Japan are established, with China opening in the near future) ODL Securities is able to meet customers' needs virtually anywhere in the world, 24/7 in a range of languages.
The company's website: http://www.odls.com/
About Alpari (UK)
Alpari (UK) Limited offers professional Internet trading services in FOREX. Alpari (UK) is based in the United Kingdom and is regulated by the Financial Services Authority (FSA Register number 448002). Alpari (UK)'s customers range from sophisticated investors and traders, to individuals trading mini accounts. Many customers have chosen Alpari (UK) because of the tight spreads (2 pips in EURUSD and EURGBP), high leverage, real time Dow Jones news, free demo accounts and a very stable trading platform MetaTrader 4. Alpari (UK)'s website is very popular, as there is a large range of useful information suitable for both beginners and professionals: for example, market analysis guide, market reviews and forecasts.
The company's website: http://www.alpari.co.uk/
FXDD is an online retail forex company dedicated to providing superior customer service and powerful technology. We are a subsidiary of the world's No. 3 inter-dealer broker firm, Compagnie Financiere Tradition, a global leader with a 45-year history of servicing over 7,000 institutional clients. FXDD provides commission-free forex trading, true interbank pricing, narrow bid-to-ask spreads, fully-automated instant execution, and much more. FXDD was a Golden Sponsor of Automated Trading Championship 2006.
The company's website: http://www.fxdd.com/
About TRADERS' Magazine
TRADERS' is the only publication to cover the active trading industry in Europe with the content and professionalism it merits - with an English and German language edition. Each issue contains articles about trading strategies (for basic, intermediate, and advanced traders), risk management, technology for traders, business issues for traders, book and website reviews, and much more! This fact clearly distinguishes our content and our readership from that of other media that primarily attract their audiences with stock "tips" and market analysis. In challenging market conditions, or after making poor stock recommendations, the readership and/or viewers of those media declines dramatically. There is no other publication that better serves the trading community, and brings the community together "under one roof" than TRADERS'!
The magazine's website: http://www.traders-mag.co.uk/
Tel: +7 (843) 570 00 37 ext. 132
Fax: +7 (843) 570 00 37 ext. 105
E-mail: press @ metaquotes.net
PR Department of MetaQuotes Software Corp.