Forex Robot World Cup – FRWC – Automated Forex Trading Expert Advisor Competition
Official Site: www.forex-robot-world-cup.com.au My Blog www.royaltrader.com.au Forex, or in other words Foreign Exchange, it refers to trading currencies for example the Australian dollar against the Japanese yen. This is different from trading a companies stocks. Forex Robot, also known as an Expert Advisor or EA. They make trading automatic so there is no need for human input. There are many expert advisors being pushed on consumers around the world. Though only the best survive. But because the world and therefore the currency market is always changing, its hard to program a robot that will return positive results all throughout the year. Forex Robots are tested on a software platform know commonly as MT4 or Meta Trader 4. They are often back tested for results. MT4 has the ability to go back in time and test the newly programmed robot to see how well it would have performed during a certain period. Prior to release of a Forex Robot or Expert Advisor they are tested on live account for several weeks or even months. The Forex Robot World Cup consists of 3 stages, submissions, live trading, and the competition end. More than 300 EA (expert advisor) programmers from all around the world submitted their eas. 24 eas were chosen according to the competitions rules. Then all trading robots were placed on $1000 real live accounts funded by the FRWC. All the trading statements can be seen live and updated every 15 minuets. The top 10 trading robots will be given away to one lucky winner. Though they will be available for purchase under the name of FRWC Royal Trader after the games.
Forex Trading | admin | February 25, 2010
Advisor, Automated, Competition, Expert, forex, FRWC, Robot, trading, World
Great vid!
DominateForexToday(.)com
hopefully they will drop prices, superhearing
let us know if u show some proof on ur statements with their forex EA
@wayo273
its pretty costly in their site. $999 for the complete package or 2 payments of $599
too much for me to get started, plus opening a broker like FXCM, depositing. getting a Virutal forex server so my ea can work 24/7 without my pc being on all of the time, etc.
I think it will be a reasonable price.. there will be a package consisting of the top bots.. the results are out btw you can see them on my channel
Hope that the price would be cheap, for a poor trader to pay. Because if the organisers want to scoop the $100,000 from a month sell, many can not afford it.
Great post, sounds like this is really ground breaking stuff. Thanks for the great post =D
yeah the winner has been announced they won $100,000 USD check out the official site or the blog for details
epic