Tell us, please, about how you came to trading and developing. What are your experiences in this field?
I first learnt about forex in 2003 and found it to be very interesting. But after I had been informed about the minimum deposit of about 1000 dollars, I decided I could hardly start something in this field. Therefore I did not pursue my interest at that time.

Early in 2006, I saw an advertisement from a dealing center. I remembered that I had looked into this once before, but had given up. However, it was now possible to start trading with really low deposits, so I decided to learn more about forex. I read a couple of books about it. From the very beginning, I chose the MetaTrader Client Terminal - a very user-friendly and simple online platform. Plus, it is great that one can write one's own indicators and expert advisors within the terminal. I had some experiences in programming, as well. Well, I was dropped into. I had been searching for various indicators and experts, writing my own ones, trying and checking, etc. for a couple of months. I have traded on a real account only once, with very small deposits. As to demo accounts, I train on them with varied success, so I have rather little experience.

Your Expert added 50% to your initial deposit within 2 days. That's impressive. What do you think about it? Is this a pure luck or calculated workings by your Expert Advisor?
The expert worked routinely, opened a position carefully at the corresponding alerts and closed at profit. The luck, in this case, is that the trade was closed quickly. I planned that the expert would first lose about a half of the deposit amount, then stay "in the hole" for a week or two, then it would start to gain profit. I think this will happen with the second trade.

What principle underlies your expert advisor?
The expert was built on an intersection of two Moving Averages.

Once a short MA crosses the long MA top to bottom, a BUY is opened.
Once it does the up-crossing, a SELL is opened.

This means that alerts about moving averages crossing are not simple, but reversed.

All great things are simple. Alexander, your expert can close a position only at TakeProfit. Many of those who write expert advisors agree that all stop orders should be placed. Why did not you use StopLoss? Why does not your expert close a position by itself?
Well, right, it closes at TP only. I agree that stops must be placed. I could place a StopLoss for my expert at 400 to 500 points. I think there is not a great difference, in terms of historical data of 2006. It is true, the expert does not close positions by itself. I did not notice that during testing as I only watched profit.

I have already tried a similar expert (based on intersection of moving averages, too, but it closes positions by itself) with the same settings. The expert has profited with 8000 on testing with 1 lot from the beginning of 2006 to October 2006 by the end of the testing period. In the middle of the period, the expert's profit grew up to 7000, the expert opened a trade and, without waiting for losses to be stopped, closed it independently at the alert. However, the expert had lost this profit. So, that is probably all well and good.

In your opinion, could this result in failure of your Expert Advisor in the Championship?
Yes, it can. But it turned to be profitable when tested on the period of 2006. Well, I think this expert will not lose.

How serious can the failure be?
I think the expert could be "in the hole" for a week or two. The losses can be from 200 to 300 points. Then we will see. As Rosh wrote to me: "The Championship will refine your Expert Advisor".

Do you think you can win with this Expert Advisor?
YES!!!

A good answer, Alexander! We wish you luck at the Championship.