Championship Report: Eighth Week (20-27 November)

The eighth week of the Automated Trading Championship 2006 is over. Two thirds of the time provided for the competition. At the end of the previous week, the structure of the Top Ten changed significantly. However, leaders of the past weeks - ldamiani and Hendrick - managed to hold their positions.

Expert Advisor GUMASA by Luis Damiani (ldamiani) from Brazil remains on the first place. Although its equity and deposit have slightly reduced as a result of some losing trades, but it is still the first. 28 thousand and the first place. Excellent, Luis!

Within the last 5 days, Harry Brinkhuis (Hendrick) from the Netherlands has not managed to out-distance Luis. His Expert Advisor Phoenix has also suffered losses during the eighth week. However, these losses turned to be a bit smaller than those of Expert Advisor GUMASA. Due to this, the gap between two leaders became smaller. Now Harry's Expert Advisor has more chances to catch the Luis's Expert up. So, 26 thousand belong to Harry. Very good!

This week turned to be very successful for Vince Wells (Vdiddi38). After the outage of a server, his Expert Advisor left the Top Ten of the Championship. Many had already forgotten about him when he reminded of himself by his triumphal return to the third place. His score as of the end of the eighth week is 23.4 thousand dollars. We heartily congratulate Vince on his triumph and wish him lots of luck in the future!

Due to serious fluctuation in the USD exchange rate at the end of the week, many Participants did not manage to hold their positions in the Top Ten. Expert Advisors named Aver and Via left the Top Ten. Their places were taken by riskier Expert Advisors. For example, rfiche from Brazil has had 12 thousand in open positions as of the end of the week.

During the last two weeks, Luis and Harry, as the Championship leaders, held their pursuers at a safe distance of 10 thousand dollars. According to the eighth week's results, this distance has sharply fallen. Vince Wells is close on the heels of the leaders. He needs to earn just about three thousand to catch Harry Brinkhuis up. Struggle for the first places seems to have made a fresh start!

Unfortunately, the most popular Participant of the Championship, Sashken, has closed his only position with a large loss of 26.9 thousand dollars by the Margin Call. His equity is now just 2 735 dollars. Most likely, we will not see those impressing results that Alexander's Expert Advisor showed the preceding weeks.

Top Ten of the Eighth Week:

Login Name Country PF Balance Profit Equity
400124 ldamiani Brazil 1.77 28 517.30 0.00 28 517.30
400094 Hendrick Netherlands 1.94 26 371.60 -244.18 26 127.40
400233 vdiddy38 United States 1.71 23 396.00 0.00 23 396.00
400172 rfiche Brazil 0.97 9 402.44 12 173.00 21 575.40
400217 systrad5 New Zealand 1.55 14 285.10 4 002.00 18 287.10
400256 Zonker New Zealand 1.82 16 109.60 2 083.20 18 192.80
400084 Gomelesose United States 1.25 13 171.90 4 587.88 17 759.80
400232 valvk Russia 2.49 17 612.00 0.00 17 612.00
400173 Rich Ukraine 1.97 17 003.30 0.00 17 003.30
400059 emil Russia 1.03 10 087.30 6 504.48 16 591.80

Total equity of the Top Ten Expert Advisors has increased by 8 thousand within this week. This summarized index is equal to 105 thousand now. This happened due to new Participants in the Top Ten that had managed to reduce the gap between the leaders and the 'basic group'. The struggle among the Top Ten Expert Advisors becomes more intensive. We will wait for the next week's results impatiently!

Created: 2006.11.27  Author: MetaQuotes
Interview with Luis Guilherme Damiani (ldamiani)

There is a myth among the newcomers (course sellers repeat it a lot): The simpler the trading system is the better. There is nothing farer from the truth! Why should a simple Trading System be profitable for such a complex phenomenon as the markets?

Statistical Report #3

In this statistical report, we analyze 25 of the most profitable Expert Advisors. The analyses are aimed at description of such characteristics of Expert Advisors as risk level and stability.

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What do you mean risky? I've only got twelve lots open...   Go Euro!!
126
2006.11.28 22:47
iaraujo wrote:
Hello rfiche, be welcome to the top leaders. You came from USD3500.00 to USD.21K in few days.

Congratulations!!!!!!
Hello iaraujo,

Thanks for your support. My first son is growing up!
173
2006.11.28 01:55
Hello rfiche, be welcome to the top leaders. You came from USD3500.00 to USD.21K in few days.

Congratulations!!!!!!
2006.11.27 18:22