Reporting the Ninth Week (24-30 November)


The last week of the second month of the Championship has not brought us any surprises. The top ten is constructed of frequenters known to us from previous reports. The top three places are occupied by Participants whose Expert Advisors trade EURGBP. These are PrizmaL, abeiks and strelec. From the moment of their first appearance in the top ten, they practically all the time moved together in a tight group overstepping other Participants in their way up. The only question that we had when analyzing their trading characteristics was connected with the supposition of when they will take the very top places. And the ninth week answered this question.

# Login Name Country PF Balance Profit Equity
1 600486 PrizmaL Israel 1.84 147 590.03 7.69 147 597.72
2 600011 abeiks Latvia 2.64 143 901.96 0.00 143 901.96
3 600592 strelec Russia 2.23 136 167.47 0.00 136 167.47
4 600260 Gorez Russia 4.32 120 415.78 0.00 120 415.78
5600125 Cronex Russia 1.69 100 538.10 498.00 101 036.10
6 600349 Liliput Bulgaria 2.31 82 560.39 16 532.49 99 092.88
7600185 eniksoft Germany 1.29 82 275.02 -192.00 82 083.02
8600457 pacohernandezg Spain 1.78 75 949.02 0.00 75 949.02
9600211 fireflies Indonesia 1.80 73 507.20 0.00 73 507.20
10600612 thezen Malaysia 0.00 86 798.00 -17 720.00 69 078.00

The total equity of the top ten keeps growing and at the present moment is equal to more than a million US dollars - $1,048,829. This is one more record of the Championship. A week ago this value was equal to $961,680. So, the increase made up is $87,149 which is 9% of the total sum. The difference between the first and the tenth places has increased again and is now equal to $78,519 ($ 147,587 - $69,078).

The task of entering the top seems now completely impossible - one needs not only to earn at least $70,000 in order to enter the top ten, but also jump above one's head - earn this sum twice in order to become one of the top three Participants! And at the current moment we can hardly expect the appearance of such a superhero. However, the ninth week showed us that everything is possible - the Participant eniksoft from Germany is back with us.


Fig. 1. Balance chart of eniksoft.

Remember, his EA trades three currency pairs: EURUSD ($68,859), AUDUSD (-$21,180) and USDCHF ($25,545). Figures in brackets indicate how much was earned on each currency pair. So, on two of the three currency pairs trading is profit-making. By the end of the ninth week the equity of his contest account is equal to $82,083 and eniksoft is now on the 7th place of our rating. Will he be able to exceed his previous maximal balance of $88,503? We hope he will.

We decided to make up a table reflecting not only the current equity of each top-ten Participant, but also the equity of the previous week, equity change for a week and the place occupied by a Participant a week ago.

# Login Name Current Equity Previous week's Equity Equity change for a week Place
1 600486 PrizmaL 147 597.72 132 233.37 15 364.35 1
2 600011 abeiks 143 901.96 122 055.06 21 846.90 3
3 600592 strelec 136 167.47 118 653.14 17 514.33 4
4 600260 Gorez 120 415.78 124 454.70 -4 038.92 2
5 600125 Cronex 101 036.10 75 799.27 25 236.83 7
6 600349 Liliput 99 092.88 92 923.87 6 169.01 6
7 600185 eniksoft 82 083.02 39 313.31 42 769.71 23
8 600457 pacohernandezg 75 949.02 95 949.02 -20 000 5
9 600211 fireflies 73 507.20 63 097.65 10 409.55 9
10 600612 thezen 69 078.00 74 592.00 - 5 514.00 8

Total:

1 048 829.15 939 071.39 109 757.76

The Equity of the majority of Participants has increased. And more than a half of the increase was made by the leading three Participants: PrizmaL, abeiks and strelec. The largest increase was that of eniksoft who executed 12 trades during this week and earned $40,209.

The largest loss was that of pacohernandezg. His EA executed 13 trades on GBPUSD and only 3 of them were profitable. On the other hand such a behavior of this EA is quite normal for it.


Fig. 2. Balance chart of pacohernandezg.

There was a case when he sharply rose up and then smoothly moved down. The remaining month of the Championship will show how the balance line will go further.

The second large loss was that of the Participant Gorez. His Expert Advisor executed only 3 trades on GBPJPY; all of them were SELL trades opened at the same time and with the lot size equal to 1 which is standard for this EA. The absence of a downtrend for this EA is like the absence of a wind for a sail. As for now, nothing foretokens the return of favorable times for this Participant.

On the contrary, for the Participant fireflies from Indonesia, whose Expert Advisor trades GBPJPY, absence of an evident trend is of no trouble - for a week it executed 7 trades and earned more than $10,000.


Fig. 3. Balance chart of fireflies.

His balance chart is slightly spoiled by three last trades that were closed with the total loss of $18,000 on Friday.

The Participant Cronex that returned to the top ten last week is still going on at the same speed and earned $25,000 more. Within this week his Expert Advisor closed 25 trades on EURUSD which made him more than $27,000 of the total profit. 15 trades of them were BUY trades, and 10 were SELL trades. Besides, only 4 of them were closed with losses. Remember, during the ninth week EURUSD first grew by 460 points and then fell by 430 points. Thus the Expert Advisor of Cronex is well-adjusted for such periods and, probably, will continue its upward movement.

Two Participants have open positions that were opened considerably long ago. But if thezen still holds a loss-making position on EURUSD that already celebrated its 1 month's birthday, the EA of Liliput now holds three profitable USDJPY SELL positions. All three positions have Take Profit levels set, but targets in them are so far that the possibility of their hitting is very low. We remember from the interview with Liliput, his EA does not use the modification of SL and TP levels. So we can only hope that these positions will be closed from market.

We are closing the analysis of the ninth week's results. The last month of the Championship is behind us. And we hope that new Participants from the top ten will start struggling for the Championship prize.

Created: 2008.12.01  Author: MetaQuotes
Jury Session Record of the 1st of December 2008

Not only Participants were the subject of Jury discussion on this session.

Statistical Report #2

We analyzed the Participants' trade results over the last two months.

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The full list of trading operations of all Participants for the 9 weeks of the Championship 2008:

2008.12.03 09:51