Reporting the Championship: Fourth Week (22-28 October)

One month has passed since the Automated Trading Championship 2007 started. The first place changed its owner every week. We witnessed sudden ups and downs.

The leader of the Championship doubled his deposit the first week. He tripled the initial deposit as of the end of the second week. However, a turnaround took place and the results became stable the third week. The leader's equity made only 24 200 dollars. Leaders interchanged all the time, and nobody has managed to stay in the leading position longer than a week. Perhaps, this time everything will be different, since many risky Expert Advisors have already left the Top Ten.

So this week, the first place is taken by a Participant from New Zealand, Michael Mayson. His result is higher than that of his predecessor in this place a week ago: 29 111 dollars. It must be noted that he significantly drew away from his competitors with such a profit. Michael said in his interview that he had been trading automatically for just six months. He explains his Expert Advisor's success rather simply: "It is not taking great risks". Well, the results are not bad at all for a novice. Our congratulations, Mr Mayson, to the first place. Now we go to the second place.

The second line in the Table of Participants is owned by MiltonWaddams from Australia. He was in the third place previous week. Nothing has changed by the end of the fourth week. All his positions were opened in the early October, but they have not been closed up to now. The Expert Advisor does not use any stop orders, whereas any other trade closing mechanisms have not triggered yet. However that may be, we congratulate Milton to his 23 000 dollars and the second place!

The third name is taken this week by a Participant from Israel with the very interesting nick of bablokos (can be translated from Russian as something like 'bucks- reaper' - MetaQuotes Software Corp. note). Using his "money mower", he managed to increase his deposit from 22.5 thousand dollars and come very closely to Milton’s position. Apparently, this week will see the hottest battle for particularly the second and the third place. Well, as for now, we congratulate bablokos to his result and wish him further success in the contest.

The summary table of this week's Participants is given below:

#	Login	Name	Country	PF	Balance	Profit	Equity
1	500333	mmayson	New Zealand	7.71	29 191.53	-79.55	29 111.98
2	500428	MiltonWaddams	Australia	0.00	10 000.00	13 769.84	23 769.84
3	500005	bablokos	Israel	2.40	22 549.84	0.00	22 549.84
4	500161	Zenon	Russia	3.22	21 158.91	0.00	21 158.91
5	500561	Valmars	Russia	1.35	21 286.77	-206.31	21 080.46
6	500432	winwin2007	Germany	9.05	20 644.27	0.00	20 644.27
7	500489	waddahattar	Syria	2.18	18 471.84	2 131.80	20 603.64
8	500165	Damian	Argentina	0.00	20 334.20	0.00	20 334.20
9	500097	Saloght	Russia	3.20	19 981.70	0.00	19 981.70
10	500123	draz	Croatia	1.71	19 741.02	0.00	19 741.02

The total profit of the Top Ten increased this week slightly as compared to that of the previous week, and made 118 thousand dollars. Not too much. However, we are not likely to see sharp spurts in deposits anymore – the most of risky Expert Advisors could not stand the test of time and left the Top Ten. Now we can expect to see gradual accumulation of profits.

The Jury session took place this week where several Expert Advisors being at fault were discussed. Unfortunately, due to errors in their Expert Advisors, four more developers left the ranks of the Championship Participants. They all did not have enough money to open positions. They also overflew logs. This confirms once again that an Expert Advisor must always work independently.

Here we say good-bye to you and wish much success in trading and EA development. Write your Expert Advisors, avoid errors in them, and watch the Championship!

Jury Session Record of the 25th of October 2007 At the session, the Jury discussed some Participants' disqualification. Four more Participants dropped out of the competition.	Interview with Boris Vilenski (bablokos) I think, for being successful, one should lead one's own way and search new solutions.
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