So, the first of twelve Championship weeks has gone. It has brought a couple of surprises. First, the leader of the Championship is a Russian developer. Second, his deposit has become more than twice as large as at the beginning. Having taken the first place, Alexander Ovchinnikov yielded to none. The second, third, and all succeeding places changed their owners, but the first place did not.

The Championship Leader’s expert – Sashken – invited many questions. The matter is that it can close a position only be TakeProfit, the StopLoss order is not used at all. Alexander himself explains this as follows: “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”.

Besides, it was an error found in his expert advisor that does not close positions independently. But it obviously did not prevent the expert of Sashken from taking the first place subsequent to the results of the first Championship week. Alexander finds this error to be even to the good.

The second place was taken by Harry Brinkhuis (Hendrick Stam), a developer from the Netherlands. His expert Phoenix_4 made 6 trades within this week, all positive. It increased the initial deposit by over 8000 dollars through gradual increasing of the lot sizes. Excellent result!

The third place was taken by Mario Jean (‘maje’) from Canada. His expert advisor named MajBandsRW and built on basis of Bollinger Bands and RSI, earned over six thousand dollars within this first week. At that, only four positive trades were made. This is impressive. Crack on, Mario!

The most important about the above three experts is that no open position has been negative. Experts “feel” rather good how to make profitable trades. All three leading Participants gave one more surprise: They did not protect codes of their expert advisors in any way. Everybody can download and analyze their codes.

The top ten developers are shown below:

The above top ten Participants are very strong. Their experts have scored the total of about 60 thousand dollars within the first five trading days. Nearly a half of this amount was earned by experts of Alexander Ovchinnikov, Harry Brinkhuis and Mario Jean. We hope the coming week will bring us even more pleasant surprises!