News Automated Trading Championship 2006

Interview with Michael Bullock (Zonker)

Constantly plowing back all the profit and scaling up the position is pure suicide trading on a real account. But that is not relevant, this is a competition, over 250 competitors, and only three walk away with anything. You do whatever it takes to maximize your chances to be in that Top Three. I'm not sure you can talk about risk in the context of the competition, risk implies you might lose something, but here there is only a chance to gain for those who beat the odds.

Interview with Valeri Karpenko (valvk)

The most stable Experts are those having logical processing of the most frequently occurring errors. By the way, the Championship has given a very nice statistics on such errors: both for refuses to open a position and for Experts' start. Unfortunately, traders pay not very much attention to this: either they do not have time for this or they just do not mind consumption of the server resources in the dealing center. This is why some positions are not opened or they are opened at a wrong level. So, I suppose that the higher the standard of the Experts' programming culture is, the more stable they are.

Championship Report: Ninth Week (27 November - 3 December)

The ninth week of the Automated Trading Championship 2006 was very surprising. There are only three weeks left to the end of the competition, but there are serious changes in the Top Ten. The previous weeks' leaders have lost their positions.

Disqualification Report

15 Participants of the Championship were disqualified or eliminated. The most frequent reson for this was violation of Clause III.6 of the Rules of the Automated Trading Championship 2006.

Interview with Merab Sturua (Merabiko)

The most important thing for the Expert Advisor is the logic, the strategy contents. Applicability under all market conditions and a properly written code. Money management is helpful, of course. But only as an idea about how much of the deposit one can lose and how much profit one can expect to gain. If there is a clear idea of to what limits the profit-loss fluctuations can be expected, it is possible to provide the program within a half of an hour with a plough-back method or with a technique that prevents losses of the profits gained.